Federal Tax Update: Self Directed IRA Problems

https://vimeo.com/648269872

https://www.currentfederaltaxdevelopments.com/podcasts/2021/11/21/2021-11-22-self-directed-ira-problems

 

This week we look at:

• House passes BBBA, but not clear what the Senate will do
• IRS clarifies 2021-2022 treatment of meals and incidentals per diem
• Self-directed IRA implodes on taxpayer due to find that assets were held personally and commingled with other assets
• IRS gives guidance on timing of PPP forgiveness income, as well as very short term BBA partnership amended return relief