Current Federal Tax Developments

Keeping CPAs Up to Date on Tax Matters

A site devoted to articles on current developments in federal taxes geared toward CPAs in tax practice.

  • Updates
  • Video and Audio Weekly Updates
  • Email Updates
  • About
  • Upcoming Courses

2025-02-10 New Administration Pushes Foward with the CTA

February 08, 2025 by Ed Zollars, CPA

This week we look at:

  • IRS issues letter ruling on IRA left to trust
  • A taxpayer mistakenly believes the IRS had conceded that his income was not subject to self-employment tax, but it hadn’t
  • The Tax Court denies a taxpayer’s deductions and claimed partnership losses due to incredibly disorganized and inadequate records
  • Taxpayer runs afoul of the “pay first, litigate later” rule when attempting to sue the IRS for a refund in US District Court in response to an assessment
  • A taxpayer’s unprocessed claim for an ERTC refund doesn’t justify CDP relief
  • The BOI - new Administration continues litigation and proposes a new due date, potential filing relief

An audio only version of this week's broadcast can be downloaded or streamed from the link below.

Article for this week’s developments are available as a PDF from the link below.

2025-02-10 Currrent Federal Tax Developments

February 08, 2025 /Ed Zollars, CPA
  • Newer
  • Older
US_UK_Apple_Podcasts_Listen_Badge_RGB.jpg
Listen via Google Podcast or your favorite podcast application on your phone
Mastodon acccount for Ed Zollars

Copyright © 2025 Thomas, Zollars & Lynch, Ltd., All Rights Reserved

Powered by Squarespace