This week we look at:

• Damage award found to not be for physical injuries, entire amount taxable

• Partnership language in LLC operating agreement revision terminated S corporation status (creating a C corporation)

• Taxpayer failed to wait required 6 months for IRS to act on refund claim before filing suit

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

Articles for this week’s update can be downloaded below:

• 2022-11-28 Current Federal Tax Developments