This week we look at:

• FinCEN finalizes extension of due date for initial BOI reports for entities created in 2024

• Tax Court rules that a state law limited partner is not automatically covered by IRC §1402(a)(13) self-employment tax exemption

• OPR due diligence alert on FBAR

• Annual business MeF shutdown date announced IRS denies request for automatic accounting method change late election relief

• Tax Court finds that if date to file a Tax Court petition falls on a date that the clerk’s office is inaccessible, the taxpayer qualifies for extended filing relief even though electronic option had been available on the due date

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

A copy of the slides and links to the materials can be downloaded below:

2023-12-04 Current Federal Tax Developments