Federal Tax Update: Real Soon Now

https://vimeo.com/387154894

https://www.currentfederaltaxdevelopments.com/podcasts/2020/1/25/2020-01-27-real-soon-now

 

This week we look at:

• IRS can use sample of transactions to carry burden for §165(c) kickbacks/bribery issues per CCA
• IRS gives IRA custodians relief on RMD notices for 2020--but it means IRA owners may get bad advice about required distributions
• Treasury indicates that guidance on excess distributions on termination deduction is “just around the corner.”
• Microsoft denied assertion of privilege for most documents prepared by outside accounting firm in transfer pricing case