Current Federal Tax Developments

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2023-08-21 Renting The Owners' Homes To Their Business Didn't Work As Well As Expected

This week we look at:

  • Limited relief likely coming for beneficial ownership reporting

  • IRS being challenged in an attempt to treat state law limited partners as receiving SE income

  • Rent your home to your business for 13 days each year plan mainly failed

  • Advance memo states IRS objection to a marketed trust tax avoidance plan

  • IRS memo explains credit unions can only claim COVID ERC on 2021 wages

An audio only version of this week’s update can be downloaded or streamed below:

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2023-08-21 Renting The Owners' Homes To Their Business Didn't Work As Well As Expected Edward K. Zollars, CPA (Kaplan Financial Education)

A copy of the slides and links to supporting articles can be downloaded below:

2023-08-21 Current Federal Tax Developments