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Home > Federal Tax Update Podcast > 2018-02-12 Changing the Rules During Tax Season
Podcast: Federal Tax Update Podcast
Episode:

2018-02-12 Changing the Rules During Tax Season
Category: Business
Duration: 00:32:25
Publish Date: 2018-02-10 07:36:09
Description:

This week we look at the following items:

  • The Bipartisan Budget Act of 2016 includes extenders and other items
  • IRS updates priority guidance for TCJA items, adding 18 TCJA projects
  • Special relief granted to those with pyrrhotite damage, allowing losses to be claimed on 2017 returns
  • Qualified plan and IRA 2018 inflation adjusted figures will not have to change due to TCJA
  • A journal entry did not create a shareholder debt, leading to a denial of multi-million dollar loss
  • Engineer is potentially liable for penalties if positions on cost segregation study are not justified

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