Current Federal Tax Developments

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August 8, 2016 - The IRS Strikes Back

This is Current Federal Tax Developments for the week of August 8, 2016 - The IRS Strikes Back.  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:

  • AICPA has its turn to lose in court over IRS voluntary preparer licensing program
  • An accountant losing his job didn’t cost him a deduction for an MBA degree
  • IRS throws in the towel regarding home mortgage interest deductions for unmarried couples
  • While a bankruptcy estate owned income taxes on income that was part of the estate, the debtor had to pay the self-employment tax
  • The IRS attempts to bring the §2704 hammer back from the ashes
  • The IRS decides to kick the can down the road on the new partnership audit rules by allowing an early “opt-in” decision to be made only after the notice of exam

The audio for the update can be streamed or downloaded below.

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2016-08-15 The IRS Strikes Back Ed Zollars, CPA

You can download a PDF with the articles for this week from the link below.