Current Federal Tax Developments for the week of May 7, 2018 Unreasonable Reliance. Current Federal Tax Developments is brought to you by the state CPA societies and Kaplan Professional Education.

This week we look at the following items:

Oklahoma governor vetoes an expansion of tattletale law
Small businesses warned about tax ID theft targeted at them
Organization denied exempt status, was ruled to be the organizer’s consulting business
IRS delays TCJA third party life insurance policy sale reporting rules
Taxpayer did not reasonably rely on advice in taking a tax position, penalties applied

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

Articles for this week's developments are contained in the PDF that can be downloaded below:

2018-05-07 Current Federal Tax Developments