Current Federal Tax Developments

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2021-05-03 Community Property Unemployment Exclusion Windfall

This week we talk about:

  • IRS confirms how community property states, MFS, and 2020 unemployment exclusions work

  • Tax Court rules rent paid was unreasonably high, convert portion to dividend

  • White House releases a fact sheet on proposed tax law changes

An audio only version of this week’s broadcast can be downloaded below:

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2021-05-03 Community Property Unemployment Exclusion Windfall Edward K. Zollars, CPA (Kaplan Financial Education)

A PDF with the articles for this week’s updates are provided below:

2021-05-03 Current Federal Tax Developments