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This week's topics include IRS urges tax professionals to make use of multi-factor authentication, IRS removes Fortnite V-bucks and Roblox from definition of virtual currencies on IRS website, and challenge to validity of regulations on disclosing basis in appraisal found wanting by the Tax Court. Continue Reading
This week's topics include regulations implementing changes to FAVR and cents-per-mile methods finalized by IRS, OIRA's review of final §163(j) regulations and review of additional proposed regulations, and much more! Continue Reading
This weeks' topics include potential use of the virtual currency question, §195 TAM rules, §1341(a), and more. Continue Reading
This week we look at the need to carry burden on each individual transaction if disallowing kickbacks and illegal payments under §165(C), financial institutions granted relief for issuing erroneous notices of RMDs due to Secure Act changes, and more. Continue Reading
This week we look at discharge of certain student loan debt, a possible state tax workaround for certain passthrough credits, and more. Continue Reading
This week we look at the interaction of qualified plans and post-70 ½ deductible IRA contributions under the SECURE Act and more. Continue Reading
This week's topics include 2020 mileage rates, charitable contributions of virtual currency, and more. Continue Reading
This week's topic: The Year's Big Tax Developments Continue Reading
This week we look at the SECURE Act Continue Reading
This week's topic: The Sound of Silence Continue Reading