Current Federal Tax Developments

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2025-03-17 IRS Guidance on When a Scam Generates a Theft Deduction

March 16, 2025 by Ed Zollars, CPA

This week we look at:

  • Tax Court Finds Taxpayer Failed to Provide a Qualified Appraisal, No Charitable Deduction Allowed

  • Estate Found Liable for $2 Million FBAR Penalty That Applied to the Decedent

  • Taxpayers Filing Court Challenges to Attempt to Obtain Employee Retention Tax Credits

  • Fourth Circuit Overturns Trial Court’s Grant of Summary Judgment to the Government, Finding True Issue of Fact Exists Regarding Whether Statute Remained Open

  • IRS Memorandum Discusses When a Taxpayer Can Claim a Deduction as Victims of Various Scams Under Current Law

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

Articles on this week’s developments can be downloaded from the link below:

2025-03-17 Current Federal Tax Developments

March 16, 2025 /Ed Zollars, CPA
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