This week we look at:

• IRS can use sample of transactions to carry burden for §165(c) kickbacks/bribery issues per CCA

• IRS gives IRA custodians relief on RMD notices for 2020--but it means IRA owners may get bad advice about required distributions

• Treasury indicates that guidance on excess distributions on termination deduction is “just around the corner.”

• Microsoft denied assertion of privilege for most documents prepared by outside accounting firm in transfer pricing case

An audio only version of this week’s broadcast can be streamed/downloaded below:

Articles for this week’s update can be downloaded in PDF form below:

2020-01-27 Current Federal Tax Developments