Current Federal Tax Developments

View Original

2018-02-19 Treasury at the Bar

Current Federal Tax Developments for the week of February 19, 2018 - Treasury at the Bar. Current Federal Tax Developments is brought to you by the state CPA societies and Kaplan Professional Education.

This week we look at the following items:

  • A method that went unchallenged in two prior audits did not fare well at all in third IRS exam
  • Treasury officials speak on timing of TCJA guidance, Section 199A reasonable compensation and fiduciary income tax issues at ABA Tax Section meeting
  • Treasury Secretary Mnuchin testifies that IRS will issue guidance to shut down S corporation carried interest structure inspired by TCJA
  • Odd result is nevertheless the proper result appellate court informs taxpayer
  • IRS to release W4 online calculator this week

The audio of this week's broadcast can be streamed or downloaded below:

Your browser doesn't support HTML5 audio

2018-02-19 Treasury at the Bar Ed Zollars, CPA

Articles discussing this week's developments can be found in the PDF below:

2018-02-18 Current Federal Tax Developments