Current Federal Tax Developments

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2020-03-09 Sometimes Too Late is Just Too Late

Current Federal Tax Developments for the week of March 9, 2020: Sometimes Too Late Really is Too Late:

  • IRS denies a taxpayer's request to make a late mark to market election under §475(f)

  • Loss limits for passive activities, basis and at-risk also limit self-employment loss use

  • Revenue Procedure grants relief for filing some information returns for certain foreign trusts

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2020-03-09 Sometimes Too Late is Just Too Late Ed Zollars, CPA (Kaplan Financial Education)

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

2020-03-09 Current Federal Tax Developments