This is Current Federal Tax Developments for the week of July 25, 2016 - Fraud and Changing Procedures. Current Federal Tax Developments is brought to you by the state CPA societies and Nichols Patrick CPE, Incorporated.

This week we’ll look at the following:

IRS restarts program to allow obtaining replacement IP PINs online-but many may not be able to use it
Letters will be sent before the IRS contacts employers for federal tax deposit alerts
Do you need to own oil and gas properties to claim the benefits of the rapid write off of geological and geophysical expenses?
IRS creates safe harbors that apply to certain transactions attempting to meet the requirements for a tax free distribution under §355
The word “excessive” does not include what might be considered “unfair” interest
Taxpayer tries to block imposition of pre-notice interest on transferee liability

The audio only version of this week's broadcast can be streamed online or downloaded for listening offline via the link below:

You can download a PDF with this week's articles below:

2016-07-25 Current Federal Tax Developments