Current Federal Tax Developments

Keeping CPAs Up to Date on Tax Matters

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2021-07-26 Proposed S Corporation Basis Forms

July 24, 2021 by Ed Zollars, CPA

This week we look at:

  • Taxpayer fails in attempt to use Cohan rule to obtain deductions

  • IRS proposes Form 7203 to use by shareholders to report basis in S corporation

  • IRS can consider potential recovery against executor as part of offer in compromise

  • IRS opens up site for full electronic submission and signing of Forms 2848 and 8821

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

Articles and copies of the slides for this week’s update can be downloaded below:

2021-07-29 Current Federal Tax Developments

July 24, 2021 /Ed Zollars, CPA
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