Current Federal Tax Developments for the week of December 16, 2019: The Sound of Silence

IRS does not have the discretion to waive repayment of advance premium credit
Employer who reimburses employee when transit card fails to function has to include amount in wages per CCA
IRS issues more proposed regulations on state tax issues and charitable contributions, but remains silent on passthrough tax issues
IRS grants relief from use of tax basis capital account on partnership K-1s for one year

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

The articles for this week’s updates can be downloaded as a PDF below: