This is Current Federal Tax Developments for the week of August 29, 2016 - Stop Asking Us For Letters. 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 offers an option for signing up for secure services online other than a postpaid cell phone
- Installment agreements are likely to become more costly to enter into - unless it’s all done online
- The Sharing Economy Tax Center created by the IRS
- The IRS creates a greatly expanded option to obtain late IRA/qualified plan rollover relief without requiring a letter ruling
- Poor records cause taxpayer to be taxed on all distributions of S corporation as in excess of basis
- Average monthly bronze premiums for 2016 for individual shared responsibility payments released
This week's audio can be either streamed via the link below or downloaded to your system.
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Articles related to this week's broadcast are found in the following PDF file.