This week we look at:

• IRS wants preparers to advise clients to opt-in to IP-PIN program.

• TAM holds that an activity that is treated as a material participation activity for five straight years under SPA test will be a material participation activity under the 5/10 test in year 6

• Breadwinner not granted innocent spouse relief when she failed to inquire about or review return prepared by accountant spouse

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

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

2022-07-25 Current Federal Tax Developments