Current Federal Tax Developments

Keeping CPAs Up to Date on Tax Matters

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2020-01-06 Beginning a New Decade

January 04, 2020 by Ed Zollars, CPA

This week we look at:

  • Case from the Archive: Taxpayer Shows How to Win When the IRS Claims Your Business is a Hobby

  • Taxpayers who have SFR prepared won’t see a §199A deduction in the SFR 2020

  • Auto mileage rates issued at the last minute

  • Charitable contributions of virtual currency guidance issued by IRS in FAQ

  • Taxpayers can’t raise substance over form argument since the taxpayer picked the form

  • Final Qualified Opportunity Fund regulations issued by the IRS

  • IRS issues updated guidance on withholding on pensions

The articles on this week’s update can be downloaded in the PDF below:

2020-01-06 Current Federal Tax Developments

January 04, 2020 /Ed Zollars, CPA
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