Current Federal Tax Developments
Current Federal Tax Developments
Edward Zollars, CPA
2019-12-23 A Tax Bill for the Holidays
1 seconds Posted Dec 22, 2019 at 7:04 pm.
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Current Federal Tax Developments for the week of December 23, 2019: A Tax Bill for the Holidays

  • Further Consolidated Appropriations Act, 2020 signed into law on December 20, 2019

    • SECURE Act

      • The good: Delay in required beginning date for plan distributions, later plan adoption date, etc.

      • The bad: Death of the stretch IRA

    • Extenders apply retroactively - so there are some amended returns that will be needed

    • Tax-exempt version of the parking lot tax is gone, but the for profit version is still around

An audio only version of this week’s podcast can be streamed or downloaded below.

This week’s update covers the SECURE Act - see the article at:

SECURE Act, Extenders and Repeal of Certain ACA Taxes Enacted as Part of Year End Appropriations Act