2019-03-11 §199A Return Issues
This week we talk about the following:
Look at some items causing confusion over §199A on discussion forums as returns are prepared
Treasury announces changes in temporary regulations and subregulatory guidance
Recipients of sexual harassment and sexual abuse settlements with confidentiality clause allowed to deduct legal fees
Gambling loss triggered by impulse control problem side effect of prescribed drug not a casualty loss
Proposed regulations issued for FDII and GILTI
IRS no longer plans to issue regulations to bar post-retirement lump-sum distributions from defined benefit plans
Partnerships required to add tax basis disclosures given until March 15, 2020 to provide information to IRS
An audio only version of this week’s broadcast can be downloaded or streamed below:
The articles on this week’s developments can found in the PDF you can download below: