Welcome to the Federal Tax Update Podcast, hosted by Lynn Nichols. This is presented as a member benefit by the South Carolina Association of CPAs. It is produced to provide current information about developments in U.S. tax law, such as cases, ruling, IRS pronouncements and expert comments on hot topics.
The commentary is brief, and you should not take a position on the items discussed until you thoroughly examine it with authoritative sources. All topics can be found discussed in further length at Tax Notes Today.
“I have relied on Tax Analysts® to provide reliable and timely analysis of Federal tax developments for over 30 years. The ‘headnotes’ you see here are from ‘Tax Notes Today,’ the preeminent source of accurate information and analysis of important developments and trends in Federal taxation,” Nichols says.
You can contact Lynn Nichols at email@example.com or 714.321.3387 and connect on LinkedIn.
In this edition:
- Proposed tightening of rules allowing partnership to “opt out” of centralized partnership audit regime
- Final Like-King exchange rules modify definition of “real property”
- Interim guidance on application of tax law to disaster losses
- Editorial: A word about the upcoming 2011 Tax Season
Nichols note: “You can’t ‘rely on the software’ if you don’t know what to expect!”
A federal tax specialist for 50 years, Lynn Nichols provides tax consulting services to CPA firms on complex federal income tax issues, professional standards in tax practice and effective tax practice management. Check out his Tax Updates video playlist.
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