Current Federal Tax Developments

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2019-08-24 Watching Paint Dry Doesn't Count

Current Federal Tax Developments for the week of August 26, 2019: Watching Paint Dry Doesn’t Count

  • Taxpayer found both to have chosen the accrual method and to be required to use it as well

  • §451 proposed regulations exit OIRA review

  • Taxpayers records found to overstate hours by 150 hours, not qualified as a real estate professional

  • IRS issues formal memo changing position on ability to claim foreign tax credit on certain French taxes

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2019-08-26 Watching Paint Dry Doesn't Count Ed Zollars, CPA (Kaplan Financial Educaton)

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2019-08-26 Current Federal Tax Developments