Current Federal Tax Developments for the week of May 6, 2019: Fragile: Handle with Care - S Corporations

• Taxpayer’s marriage forces repayment of advance PTC, unfairness is not a defense

• State tax refundable credit in excess of taxes is taxable income to taxpayer

• IRS expands determination letter to cover a limited number of existing plans

• LLC operating agreement adoption terminates S election

An audio only version of this week’s broadcast can be streamed or downloaded below.

Articles describing this week’s developments can be found in the PDF that can be downloaded below:

2019-05-06 Current Federal Tax Developments