Current Federal Tax Developments for the week of November 23, 2017 - S Corporation Difficulties. 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:

HR1 moves to the Senate floor this week
Taxpayer does not have COD income when relieved of requirement to pay back overpayments on pension
Qualified plan relief provisions extended to victims of California wildfires
Court does not accept attempt to use FLP discount to create income tax loss from liquidation of S corporation formed to hold FLP interest
No basis to shareholders in debt to S corporation other S corporation shareholders controlled
IRS issues FAQ on QSEHRAs

The audio version of this week's broadcast can be streamed or downloaded below:

The articles for this week can be downloaded below:

2017-11-27 Current Federal Tax Developments