This week we look at:
• IRS can use sample of transactions to carry burden for §165(c) kickbacks/bribery issues per CCA
• IRS gives IRA custodians relief on RMD notices for 2020 but it means IRA owners may get bad advice about required distributions
• Treasury indicates that guidance on excess distributions on termination deduction is “just around the corner.”
• Microsoft denied assertion of privilege for most documents prepared by outside accounting firm in transfer pricing case
Articles for this week's podcast can be downloaded here.