Current Federal Tax Developments for the week of September 23, 2019: Zombie Power of Attorney

IRS releases final and new proposed regulations on §168(k) bonus depreciation
Settlement offer to be sent to 200 taxpayers under exam for microcaptive structures
Government shutdown causes IRS to lose ability to extend statute taxpayer had already agreed to extend
Power of attorney not used by son nevertheless left him authorized to act for father, barring claim for extended statute
CPA ordered to turn over tax returns of client based on two factor test

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