Current Federal Tax Developments for the week of August 19, 2019: George M Would Be Proud...

Taxpayer “wins” on a Cohan style case, but things don’t really go well
Qualified plan distribution is part of taxable income for the taxpayer even if the taxpayer doesn’t cash the check
An estate cannot avail itself of the economic disability tolling of the statute of limitations (and it wouldn’t have mattered anyway).
IRS to send out estimated tax penalty refund checks to 400,000 taxpayers

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

Articles on this week’s developments can be downloaded below:

2019-08-19 Current Federal Tax Developments