Current Federal Tax Developments

Keeping CPAs Up to Date on Tax Matters

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2025-06-09 Worthlessness vs Cancellation of Debt Are Not the Same

June 08, 2025 by Ed Zollars, CPA

This week we look at:

  • Navigating Corporate Alternative Minimum Tax (CAMT)

  • Conservation Easement Valuation & Penalties: A Warning from Tax Court

  • Collection Due Process (CDP) & Offers in Compromise (OICs): Lessons from Tax Court

  • Accuracy-Related Penalties: Navigating Negligence and Insufficient Professional Reliance

  • Understanding Treasury’s Request for Information on Modernizing Federal Payments

  • Worthlessness vs. Discharge: A Ninth Circuit Examination of Bad Debt Deductions Concurrent with COD Income

  • Navigating the Religious Exemption Landscape: A Deep Dive into Unemployment Compensation Tax

An audio-only version of this week broadcast can be streamed or downloaded via the link below:

2025-06-09 Worthlessness vs Cancellation of Debt Are Not the Same
Edward K. Zollars, CPA (Arizona)
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This week’s articles on the updates are available in the PDF that can be downloaded below:

2025-06-09 Current Federal Tax Developments

June 08, 2025 /Ed Zollars, CPA
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