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Home > Federal Tax Update Podcast > 2017-11-27 S Corporation Problems
Podcast: Federal Tax Update Podcast
Episode:

2017-11-27 S Corporation Problems

Category: Business
Duration: 00:32:41
Publish Date: 2017-11-25 11:44:30
Description:

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.

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