Current Federal Tax Developments

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2019-09-09 But I Promise, Really!

Current Federal Tax Developments for the week of September 9, 2019: But I Promise, Really!

  • IRS release instructions to 2019 §199A simple deduction form with additional informal guidance

  • Memorandum discusses what does and does not qualify as having made a payment to a retirement plan

  • Relief granted to file the second copy of the Form 3115 late for an automatic method change, but at a cost

  • Activities failed to count as rentals, could not be combined into rental activity by real estate professional

  • A flawed S election uncovered during due diligence for sale of the corporation

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2019-09-09 But I Promise, Really! Ed Zollars, CPA (Kaplan Financial Education)

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

2019-09-09 Current Federal Tax Developments