This week we look at:

• Case from the Archive: Taxpayer Shows How to Win When the IRS Claims Your Business is a Hobby

• Taxpayers who have SFR prepared won’t see a §199A deduction in the SFR 2020

• Auto mileage rates issued at the last minute

• Charitable contributions of virtual currency guidance issued by IRS in FAQ

• Taxpayers can’t raise substance over form argument since the taxpayer picked the form

• Final Qualified Opportunity Fund regulations issued by the IRS

• IRS issues updated guidance on withholding on pensions

The articles on this week’s update can be downloaded in the PDF below:

2020-01-06 Current Federal Tax Developments