Stay up to date on federal tax developments with this weekly tax podcast by Edward K. Zollars, CPA, Phoenix, Arizona.
This week's topic: A Tax Bill for the Holidays
Further Consolidated Appropriations Act, 2020 signed into law on December 20, 2019
- The good: Delay in required beginning date for plan distributions, later plan adoption date, etc.
- The bad: Death of the stretch IRA
- Extenders apply retroactively - so there are some amended returns that will be needed
- Tax-exempt version of the parking lot tax is gone, but the for-profit version is still around