This week we look at:

• Discussions start up again for reconciliation bill.

• IRS extends automatic late portability election relief to five years

• Federal tax lien attached to payments being made to seller’s former spouse for alimony by business buyer

• No reasonable cause for late payment and late filing

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

Articles for this week’s updates can be downloaded as a PDF below:

2022-07-11 Current Federal Tax Developments