Current Federal Tax Developments

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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

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2020-07-18 The Tax Court Deals with Debt Issues Ed Zollars, CPA (Kaplan Financial Education)

The articles for this week’s developments can be downloaded as a PDF below:

2020-07-18 Current Federal Tax Developments