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Current Federal Tax Developments for the week of January 8, 2018 - The Calm After the Storm Current Federal Tax Developments is brought to you by the state CPA societies and the Loscalzo Institute, a Kaplan Company. This week we look at the following items: - IRS to accept efiled returns beginning January 29
- Employer retirement account being paid to surviving spouse cannot be transferred to beneficiary of surviving spouse at spouse’s death
- Rollover of after-tax funds from 401(k) into traditional IRA creates basis
- Innocent spouse relief granted despite fact that husband should have known about the income
- Additional 6 year statute on unreported income from specified foreign assets does not apply until those assets were subject to information reporting
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