Current Federal Tax Developments

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2023-07-31 The ERC Hearing Before Congress Left for the August Recess

This week we look at:

  • Oversight Subcommittee of House Ways & Means Committee holds a hearing on ERC issues, discusses potential amnesty program

  • IRS ending most announced revenue officer visits

  • Taxpayer finds out that there may very well be a tax consequence when you borrow against your life insurance policy and then let the policy lapse

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2023-07-31 The ERC Hearing Before Congress Left for the August Recess Edward K. Zollars, CPA (Kaplan Financial Education)

Copies of slide and links to articles on the topics and certain other items can be downloaded below:

2023-07-31 Current Federal Tax Developments