Current Federal Tax Developments for the week of May 6, 2019: Fragile: Handle with Care - S Corporations

Taxpayer’s marriage forces repayment of advance PTC, unfairness is not a defense
State tax refundable credit in excess of taxes is taxable income to taxpayer
IRS expands determination letter to cover a limited number of existing plans
LLC operating agreement adoption terminates S election

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

Articles describing this week’s developments can be found in the PDF that can be downloaded below: