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Home > Federal Tax Update Podcast > 2018-05-29 SALT Battles Begin
Podcast: Federal Tax Update Podcast
Episode:

2018-05-29 SALT Battles Begin

Category: Business
Duration: 00:32:25
Publish Date: 2018-05-28 07:24:36
Description:

This week we look at the following items:

  • FBAR penalty limited to lower amount in old regulation
  • Taxpayer had not started a business yet, so no current deduction allowed for expenses incurred
  • IRS to issue regulations on SALT/charity workarounds, raises substance over form issue
  • DC Circuit agrees with Ninth Circuit that partnerships with disregarded entity partners are subject to TEFRA (and presumably subject to CPAR) audits

Copyright 2018 Kaplan Inc.

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