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Current Federal Tax Developments is brought to you by the Loscalzo Institute, a Kaplan Company and by your state society of CPAs. This week we look at the following developments: - House adopts Senate budget resolution beginning tax reform process
- A taxpayer’s amount of claimed theft loss found excessive by Tax Court
- An expert’s testimony did not substitute for records of cost of goods sold
- IRS summons to state agency found to be proper
- IRS memo discusses indirect loan issues for church 403(b) plan
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