Current Federal Tax Developments

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This week we look at the following items: Court finds IRA and plan balance received in divorce not protected in bankruptcy Interest limitation proposed regulations (except for passthroughs) heads to OMB Connecticut crumbling foundation relief clarified to also create NOLs that can be carried back in 2018 PTIN renewal opened up by the IRS OMB announces plans for guidance on TCJA loss limitation rules--but not planned to be out until June 2019 Taxpayer denied innocent spouse relief.

2018-10-29 More Guidance to Come

October 28, 2018 by Ed Zollars, CPA

This week we look at the following items:

  • Court finds IRA and plan balance received in divorce not protected in bankruptcy

  • Interest limitation proposed regulations (except for passthroughs) heads to OMB

  • Connecticut crumbling foundation relief clarified to also create NOLs that can be carried back in 2018

  • PTIN renewal opened up by the IRS

  • OMB announces plans for guidance on TCJA loss limitation rules--but not planned to be out until June 2019

  • Taxpayer denied innocent spouse relief.

An audio only version of the broadcast can be streamed or downloaded below:


October 28, 2018 /Ed Zollars, CPA
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