2020-07-20 The Tax Court Deals with Debt Issues
This week we look at:
IRS describes letters issued for Form 7200 when various issues arrive
Loan was nonrecourse since lender did not take route that could have lead to deficiency judgment
Debt failed to be qualified principal residence interest
IRS proposes to add Schedules K-2 and K-3 for international partnership issues
PTIN fees to return next year
An audio only version of this week’s broadcast can be streamed or downloaded below:
The articles for this week’s developments can be downloaded as a PDF below: