2024-03-04 Court Questions Constitutionality of the CTA

This week we look at:

• CTA found to violate Constitution by US District Court

• Tax Court issues ruling on impact of SECURE 2.0 Act statute change on returns filed before December 29, 2022 effective date of the Act

• IRS warns about need to reconcile premium tax credit on Forms 1040 after seeing an increase in the number of returns being filed without the required reconciliation

2024-03-04 Court Questions Constitutionality of the CTA

Edward K. Zollars, CPA (Kaplan Financial Education)

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Citations and slides for this week’s update can be downloaded below:

2024-03-04 Current Federal Tax Developments