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Ed Zollars - Renting the owners' homes to their business didn't work as well as expected

August 21, 2023

Stay up to date on federal tax developments with this weekly tax webinar by Ed Zollars, CPA-AZ

  • Limited relief likely coming for beneficial ownership reporting
  • IRS being challenged in an attempt to treat state law limited partners as receiving SE income
  • Rent your home to your business for 13 days each year plan mainly failed
  • Advance memo states IRS objection to a marketed trust tax avoidance plan
  • IRS memo explains credit unions can only claim COVID ERC on 2021 wages

Federal Tax Developments 08/21/23