Current Federal Tax Developments

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2017-10-16 Housing Allowance Returns to Court

Current Federal Tax Developments for the week of October 16, 2017 - Housing Allowance Returns to Court.  Current Federal Tax Developments is brought to you by the state CPA societies and the Loscalzo Institute, a Kaplan Company.

This week we look at the following developments:

  • Filing date relief issued by IRS for victims of Northern California wildfires
  • Challenge to minister’s housing allowance exclusion returns to court
  • Tax Court will assert strict subordination requirement for mortgages on conservation easements outside First Circuit
  • Signature no longer required for §754 election
  • Retroactive loss of tax-exempt status going back a decade proves very costly in terms of interest on unpaid tax
  • IRS email discusses potential impact on due date disaster relief and date for assessment of tax

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2017-10-16 Housing Allowance Returns to Court Ed Zollars, CPA

A PDF with articles related to this week's developments can be downloaded below.

2017-10-16 Current Federal Tax Developments