For this week of May 16, 2016 in Current Federal Tax Developments we look at:
- IRS stops phoning it in
- Salaries and payments to related parties are both found reasonable in a Tax Court case
- The Third Circuit disagrees with the Tax Court on the all events test and a fuel rewards program
- A trust is denied litigation costs because it’s value exceeded the limits in a transferee liability case
- The IRS rolls out some guidance on Certified PEO program
Current Federal Tax Developments is brought to you by the state societies of CPAs and Nichols Patrick Incorporated
The articles for this week's update can be found in the PDF you can download below.