Current Federal Tax Developments

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2024-06-24 Supreme Court Upholds the 965 Transition Tax

June 23, 2024 by Ed Zollars, CPA

This week we look at:

  • Supreme Court rules, in a more divided than it may appear opinion, that the §965 transition tax is Constitutional, sustaining the result from the Ninth Circuit in the Moore case.

  • IRS gives interim guidance for special distribution relief in the SECURE Act 2.0 for certain distributions.

  • IRS indicates it will now be (slowly) processing ERC claims, vast majority show issues

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

A PDF with the citations and copy of the slides for this week can be downloaded below:

2024-06-24 Current Federal Tax Developments

June 23, 2024 /Ed Zollars, CPA
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