A monthly conversation about the latest tax issues and updates. What’s trending this month?

  1. Be Careful About Ownership Structure to Pass Credits Through to Owner
  2. Disability Benefits Included in Income? Yes!
  3. Fact Sheets and FAQs on Tax Credits
  4. A Section 1202 “Small Business Stock” Exclusion Ruling
  5. IRS Push with Form 7203 For S Corp Basis Reporting
  6. Court Stops Attempt by S Shareholders to Terminate Election After Bankruptcy Filing
  7. Commissioner Warns Against “Abusive” Microcaptives
  8. Reasonable Cause for “Foot Fault” . . . $510,700 In Penalties @ $60.00 Each???
  9. Characteristics of Capital Asset vs Ordinary Asset