Current Federal Tax Developments

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2021-10-25 S Corporation Basis Reporting on Form 1040

This week we look at:

  • More talking but no action in DC on pending legislation

  • Rehiring retired employees discussed in IRS FAQ

  • Appeals panel agrees that claim of right doctrine did not apply to grantor trust stock sale

  • IRS issues formal draft of S corporation basis reporting form

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2021-10-23 S Corporation Basis Reporting on Form 1040 Edward K. Zollars, CPA (Kaplan Financial Education)

A PDF with this week’s articles can be downloaded below: