FICPA Podcasts

Federal Tax Update: Zombie Power of Attorney

September 23, 2019

https://vimeo.com/361421942

https://www.currentfederaltaxdevelopments.com/podcasts/2019/9/21/2019-09-23-zombie-power-of-attorney 

Current Federal Tax Developments for the week of September 23, 2019: Zombie Power of Attorney

  • IRS releases final and new proposed regulations on §168(k) bonus depreciation

  • Settlement offer to be sent to 200 taxpayers under exam for microcaptive structures

  • Government shutdown causes IRS to lose ability to extend statute taxpayer had already agreed to extend

  • Power of attorney not used by son nevertheless left him authorized to act for father, barring claim for extended statute

  • CPA ordered to turn over tax returns of client based on two factor test