Stay up to date on federal tax developments with this weekly tax podcast by Ed Zollars, CPA-AZ.
This week's topics:
- Ways and Means Committee finishes markup of proposed new tax bill
- Language of legal settlement made all of the settlement amount taxable to taxpayer regardless of the fact that payor likely had other reasons to settle
- Taxpayer had reasonable basis to rely upon prior case settlement even though Court found opposite results this time