This week we look at:

• Oversight Subcommittee of House Ways & Means Committee holds a hearing on ERC issues, discusses potential amnesty program

• IRS ending most announced revenue officer visits

• Taxpayer finds out that there may very well be a tax consequence when you borrow against your life insurance policy and then let the policy lapse

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

Copies of slide and links to articles on the topics and certain other items can be downloaded below:

2023-07-31 Current Federal Tax Developments