Current Federal Tax Developments

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2019-07-15 Fixing Typos Proves to Be Hard

Current Federal Tax Developments for the week of July 15, 2019: Typos are Hard to Catch

  • Taxes-Security-Together Checklist for tax professionals issued by the IRS

  • Tax Court found that taxpayer was victim of a bookkeeping error and had sent IRA rollover contribution to custodian, late rollover allowed

  • IRS discovers 31 years after the fact that a typo fix never was picked up in the Code of Federal Regulations

  • Frequently asked questions page issued to explain TCJA change to §704(d) partner basis limits on charitable deductions and foreign taxes

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2019-07-15 Fixing Typos Proves to Be Hard Ed Zollars, CPA (Kaplan Financial Education)

A PDF with articles for this week’s broadcast can be downloaded below:

2019-07-15 Current Federal Tax Developments