Current Federal Tax Developments for the week of April 29, 2019: Q&A 33 - The IRS FAQ Says What?

Taxpayer finds expense can’t be assigned to business based on best result
IRS greatly expands the FAQ on Section 199A, including a major surprise to many on handling S corporation shareholders
IRS updates the EPCRS program to add more self-correction options
Chief Counsel Email holds that using a PEO does not allow a partner to be treated as the employee of partnership

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

Articles for this week’s developments can be downloaded via the link below: