FICPA Podcasts

Federal Tax Update: But I Promise, Really

September 9, 2019


This week we look at:

•IRS release instructions to 2019 §199A simple deduction form with additional informal guidance
•Memorandum discusses what does and does not qualify as having made a payment to a retirement plan
•Relief granted to file the second copy of the Form 3115 late for an automatic method change, but at a cost
•Activities failed to count as rentals, could not be combined into rental activity by real estate professional
•A flawed S election uncovered during due diligence for sale of the corporation