Current Federal Tax Developments

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May 16, 2016 - Stop Phoning It In

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

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May 16, 2016 Current Developments - Stop Phoning It In Edward K Zollars, CPA

The articles for this week's update can be found in the PDF you can download below.