FICPA Podcasts

Federal Tax Update: Fixing Typos Proves to Be Hard

July 15, 2019

https://vimeo.com/348024405

https://www.currentfederaltaxdevelopments.com/podcasts/2019/7/14/2019-07-15-fixing-typos-proves-to-be-hard

Current Federal Tax Developments for the week of July 15, 2019: Typos are Hard to Catch

  • Taxes-Security-Together Checklist for tax professionals issued by the IRS

  • Tax Court found that taxpayer was victim of a bookkeeping error and had sent IRA rollover contribution to custodian, late rollover allowed

  • IRS discovers 31 years after the fact that a typo fix never was picked up in the Code of Federal Regulations

  • Frequently asked questions page issued to explain TCJA change to §704(d) partner basis limits on charitable deductions and foreign taxes