Current Federal Tax Developments

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2020-08-03 Rise of the Syndicates

This week we look at:

  • IRS releases multiple regulation project texts on TCJA items

  • No syndicate relief offered for tax shelters by the IRS for small business accounting or §163(j)

  • Taxpayers informed how to deal with inventory issues when opting out of application of §471(a)

  • Forms 3115 for automatic method changes to be faxed in beginning in August

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2020-08-03 Rise of the Syndicates Ed Zollars, CPA (Kaplan Financial Education)

Articles for this week broadcast can be downloaded as a PDF below:

2020-08-03 Current Federal Tax Developments