2023-05-08 Time Zones and Timely Electronic Filings

This week we look at:

• IRS issues CCA making clear how strict the §125 substantiation rules are

• Taxpayer’s lack of documentation forces him to accept preparer’s gross gambling winnings and limits his gambling loss deduction

• Tax Courts finds that last second rule for filing a Tax Court petition is not the same as for returns filed via eFile

An audio only broadcast of this week’s broadcast can be streamed or downloaded from the link below:

A PDF of this week’s slides and links to articles can be downloaded below:

2023-05-08 Current Federal Tax Developments