Current Federal Tax Developments

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2022-07-11 IRS Liberalizes Late Portability Election Relief

July 10, 2022 by Ed Zollars, CPA

This week we look at:

  • Discussions start up again for reconciliation bill.

  • IRS extends automatic late portability election relief to five years

  • Federal tax lien attached to payments being made to seller’s former spouse for alimony by business buyer

  • No reasonable cause for late payment and late filing

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

2022-07-11 IRS Liberalizes Late Portability Election Relief
Edward K. Zollars, CPA (Kaplan Financial Education)
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Articles for this week’s updates can be downloaded as a PDF below:

2022-07-11 Current Federal Tax Developments

July 10, 2022 /Ed Zollars, CPA
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