Current Federal Tax Developments for the week of February 26, 2018 - How Not to Divide an IRA. 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:

• IRS begins to process some returns with retroactively restored provisions for 2017
• IRS reminds taxpayers that a “home equity” debt can still be acquisition debt and deductible on 2018 return
• AICPA sends Treasury a letter outlining areas of §199A guidance that are needed
• Taxpayer ends up failing to do a tax-free division of IRA funds in a divorce
• The IRS fails in its attempt to have a gain on the sale of land taxed as ordinary income

An audio only version of the broadcast can be stream or downloaded below:

Articles related to this week's broadcast can be read in the PDF available for download below:

2018-02-26 Current Federal Tax Developments