FICPA Podcasts

Federal Tax Update: George M Would Be Proud

August 19, 2019

https://vimeo.com/354401706

https://www.currentfederaltaxdevelopments.com/podcasts/2019/8/17/2019-08-19-george-m-would-be-proud

This week we look at:
  • Taxpayer “wins” on a Cohan style case, but things don’t really go well

  • Qualified plan distribution is part of taxable income for the taxpayer even if the taxpayer doesn’t cash the check

  • An estate cannot avail itself of the economic disability tolling of the statute of limitations (and it wouldn’t have mattered anyway).

  • IRS to send out estimated tax penalty refund checks to 400,000 taxpayers