Current Federal Tax Developments

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2017-09-05 Harvey Relief

Current Federal Tax Developments for the week of September 5, 2017 - Harvey Relief.  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

  • IRS and Texas provide due date relief for those in Harvey disaster area
  • IRS provides special rules to allow for hardship distributions and loans from qualified plans for those in Harvey disaster area
  • Taxpayer owed excess premium credit despite exchange’s failure to update monthly premium for information taxpayer provided
  • Loss related to minor daughter's pageant activity has to go on daughter’s return
  • A taxpayer’s refund ends up in  a “black hole” caused by a quirk in how Congress drafted the law
  • IRS grants relief for partnerships that missed the change in due dates this year
  • Taxpayer unable to establish that an extension was actually filed
  • IRS TAM discusses recognition of a common law marriage

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2017-09-05 Harvey Relief Ed Zollars, CPA

The articles for this week's updates are found in the PDF that may be downloaded below:

2017-09-05 Current Federal Tax Developments