Current Federal Tax Developments for the week of February 27, 2017 - What’s MyNumber?. Current Federal Tax Developments is brought to you by the state CPA societies and Nichols Patrick CPE.

This week we look at the following developments

Taxpayer is unable to justify deduction for payment to controlled corporation
A debt must be actual in order to have a bad debt, and this taxpayer didn’t have a real debt
The IRS makes public the list of organizations that have qualified as exempt using Form 1023-EZ
Court rejects estate’s value for art, finds appraiser had a conflict of interest and appraisal flawed
IRS publishes notices to be used when accounts referred to third party collection agencies

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

A PDF with the articles for this week's developments can be downloaded below:

2017-02-27 Current Federal Tax Developments