Current Federal Tax Developments
Current Federal Tax Developments
Edward Zollars, CPA
2019-05-06 Fragile Handle with Care: S Corporations
1 seconds Posted May 4, 2019 at 11:55 pm.
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Current Federal Tax Developments for the week of May 6, 2019: Fragile: Handle with Care - S Corporations

  • Taxpayer’s marriage forces repayment of advance PTC, unfairness is not a defense

  • State tax refundable credit in excess of taxes is taxable income to taxpayer

  • IRS expands determination letter to cover a limited number of existing plans

  • LLC operating agreement adoption terminates S election

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Articles describing this week’s developments can be found in the PDF that can be downloaded below:

2019-05-06 Current Federal Tax Developments