Current Federal Tax Developments for the week of July 24, 2017 - Congress Starts Up Second Reconciliation Process. Current Federal Tax Developments is brought to you by the state CPA societies and the Loscalzo Institute.

This week we look at the following developments

Senate looking to vote on health care without assurance of passage, House begins next year’s reconciliation bill that is intended to be the vehicle for comprehensive tax reform
A tax case gives a lesson in the claim-of-right doctrine and the doctrine of rescission
IRS extends safe harbor reporting for HFA borrowers for the third time
Taxpayer could not prove he notified broker he wanted to use a cost flow method other than FIFO
The limits of ACA Executive Orders discussed in IRS letters

An audio-only version of this week's broadcast can be streamed or downloaded below:

Articles describing this week's developments can be downloaded below:

2017-07-24 Current Federal Tax Developments