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Tax Podcast: ACA Survives Another Trip to SCOTUS

  • June 21, 2021

This week's topics: Supreme Court finds no status for challenging ACA due to TCJA changes; IRS backlog was huge at May 1 which causes two pieces of guidance to be issued: Do not file Form 990-EZ on paper and offer in compromise program changes put in place due to backlog. Continue Reading

Tax Podcast: Tax Status of Legal Settlement

  • June 14, 2021

This week's topics:IRS publishes Q & A on 2021’s enhanced child and dependent care credit on website; malpractice settlement related to taxpayer’s divorce was taxable to her - and situation made worse to going to Tax Court; IRS discusses interaction of depreciation related §481(a) adjustments and computation of ATI through 2021. Continue Reading