Tax Podcast: The Tax Court Deals with Debt Issues

July 20, 2020

Stay up to date on federal tax developments with this weekly tax podcast by Edward K. Zollars, CPA, Phoenix, Arizona. 

This week's topic: The Tax Court Deals with Debt Issues

  • IRS describes letters issued for Form 7200 when various issues arrive
  • Loan was nonrecourse since lender did not take route that could have lead to deficiency judgment
  • Debt failed to be qualified principal residence interest
  • IRS proposes to add Schedules K-2 and K-3 for international partnership issues
  • PTIN fees to return next year

Federal Tax Development Update - 7/20/20


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