Current Federal Tax Developments

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2020-03-02 Late Filing Week

Current Federal Tax Developments for the week of March 2, 2020: Late Filing

  • Taxpayer who voluntarily exited OVDI program ended up with very poor result.

  • Illnesses of corporate officers not found to give reasonable cause for late filing of S corporation returns.

  • Supreme Court refuses to review Ninth Circuit ruling upholding IRS regulation that only items listed in §7502 can be used to prove timely filing.

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2020-03-02 Late Filing Week Ed Zollars, CPA (Kaplan Financial Education)

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2020-03-02 Current Federal Tax Developments