FICPA Podcasts

Federal Tax Update: Late Filing Week

March 3, 2020

https://vimeo.com/394766045

https://www.currentfederaltaxdevelopments.com/podcasts/2020/3/1/2020-03-02-late-filing-week

 

Current Federal Tax Developments for the week of March 2, 2020: Late Filing

  • Taxpayer who voluntarily exited OVDI program ended up with very poor result.
  • Illnesses of corporate officers not found to give reasonable cause for late filing of S corporation returns.
  • Supreme Court refuses to review Ninth Circuit ruling upholding IRS regulation that only items listed in §7502 can be used to prove timely filing.