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Current Federal Tax Developments for the week of November 23, 2017 - S Corporation Difficulties. 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 developments: - HR1 moves to the Senate floor this week
- Taxpayer does not have COD income when relieved of requirement to pay back overpayments on pension
- Qualified plan relief provisions extended to victims of California wildfires
- Court does not accept attempt to use FLP discount to create income tax loss from liquidation of S corporation formed to hold FLP interest
- No basis to shareholders in debt to S corporation other S corporation shareholders controlled
- IRS issues FAQ on QSEHRAs
The articles for this week can be downloaded below: 2017-11-27 Current Federal Tax Developments Copyright 2017 Kaplan Inc. |