For this week of April 25, 2016 in Current Federal Tax Developments we look at:

• The Seventh Circuit tells us the hobby loss regulations are “goofy”
• Tax professional’s computer systems found to be targeted for takeovers
• Do tax credit carryover survive the death of the spouse that generated the credit?
• The IRS denies a request to approve a deduction for program to encourage employee contributions to political action committee
• IRS backtracks on “bad boy” provisions in nonrecourse loans
• Clarifying examples added to program-related investment rules for private foundations
• Ignorance did not lead to tax related marital bliss

Current Federal Tax Developments is brought to you by the state societies of CPAs and Nichols Patrick Incorporated

The articles for this week can be downloaded from the link below.

• 2016-04-25 Current Federal Tax Developments

For this week of April 25, 2016 in Current Federal Tax Developments we look at:

• The Seventh Circuit tells us the hobby loss regulations are “goofy”
• Tax professional’s computer systems found to be targeted for takeovers
• Do tax credit carryover survive the death of the spouse that generated the credit?
• The IRS denies a request to approve a deduction for program to encourage employee contributions to political action committee
• IRS backtracks on “bad boy” provisions in nonrecourse loans
• Clarifying examples added to program-related investment rules for private foundations
• Ignorance did not lead to tax related marital bliss

Current Federal Tax Developments is brought to you by the state societies of CPAs and Nichols Patrick Incorporated

The articles for this week can be downloaded from the link below.

• 2016-04-25 Current Federal Tax Developments

For this week of April 18, 2016 in Current Federal Tax Developments we look at:

• IRS gives inflation adjusted numbers for ACA and aircraft
• IRS explains how to deal with HSA contributions for the year a taxpayer signs up for Medicare
• Why going with the K-1 turned out to be a problem
• Back to the Future - DHL returns to the Private Delivery Service list

Current Federal Tax Developments is brought to you by the state societies of CPAs and Nichols Patrick Incorporated.

You can download a PDF with articles on the issues discussed this week on the show below:

2016-04-18 Weekly Update

For this week of April 18, 2016 in Current Federal Tax Developments we look at:

• IRS gives inflation adjusted numbers for ACA and aircraft
• IRS explains how to deal with HSA contributions for the year a taxpayer signs up for Medicare
• Why going with the K-1 turned out to be a problem
• Back to the Future - DHL returns to the Private Delivery Service list

Current Federal Tax Developments is brought to you by the state societies of CPAs and Nichols Patrick Incorporated.

You can download a PDF with articles on the issues discussed this week on the show below:

2016-04-18 Weekly Update

For this week of April 11, 2016 in Current Federal Tax Developments we look at:

• IRS formally disagrees with Tax Court’s view on taxability of tax adviser damage award
• Informal IRS letter indicates additional conditions under which an employer HSA contribution may be refunded
• Depreciation limits and lease inclusion amounts for autos for 2015 and 2016 published by the IRS
• Trust allowed to enter into agreement of interpretation of terms to allow for QSST election
• Omitted gift statute rule doesn’t keep open years after the omitted gift
• A lesson in dicta, as the IRS discovers the Tax Court decides it didn’t mean what it said in passing in a separate case

Current Federal Tax Developments is brought to you by the state societies of CPAs and Nichols Patrick Incorporated

A PDF of the articles for this week's topics can be downloaded below.

• 2016-04-11 Current Federal Tax Developments

For this week of April 11, 2016 in Current Federal Tax Developments we look at:

• IRS formally disagrees with Tax Court’s view on taxability of tax adviser damage award
• Informal IRS letter indicates additional conditions under which an employer HSA contribution may be refunded
• Depreciation limits and lease inclusion amounts for autos for 2015 and 2016 published by the IRS
• Trust allowed to enter into agreement of interpretation of terms to allow for QSST election
• Omitted gift statute rule doesn’t keep open years after the omitted gift
• A lesson in dicta, as the IRS discovers the Tax Court decides it didn’t mean what it said in passing in a separate case

Current Federal Tax Developments is brought to you by the state societies of CPAs and Nichols Patrick Incorporated

A PDF of the articles for this week's topics can be downloaded below.

• 2016-04-11 Current Federal Tax Developments

For this week of April 4, 2016 in Current Federal Tax Developments we look at:

• When Code Sections Collide - Dealing with the Interaction of Two Partnership Anti-Abuse Rules
• Did the finding of value where a bankruptcy trustee saw worthless junk lead to self-employment income?
• Actions after the decedent’s passing had consequences to estate’s charitable contribution deduction
• Same facts, same result--another IRA bites the dust despite new ideas presented to the court on how to keep the IRA alive
• A reminder regarding reimbursing a single employee’s private health insurance

The written discussions for the week can be downloaded via the link below.

• Current Federal Tax Developments for the week of April 4, 2016

For this week of April 4, 2016 in Current Federal Tax Developments we look at:

• When Code Sections Collide - Dealing with the Interaction of Two Partnership Anti-Abuse Rules
• Did the finding of value where a bankruptcy trustee saw worthless junk lead to self-employment income?
• Actions after the decedent’s passing had consequences to estate’s charitable contribution deduction
• Same facts, same result--another IRA bites the dust despite new ideas presented to the court on how to keep the IRA alive
• A reminder regarding reimbursing a single employee’s private health insurance

The written discussions for the week can be downloaded via the link below.

• Current Federal Tax Developments for the week of April 4, 2016

For this week of March 28, 2016 in Current Federal Tax Developments we look at:

• We get delays this week--but they are probably ones you’ll like
• Details and timing matter for charitable contribution documentation
• Even a really good pair of excuses for a failure to make money doesn’t help in one hobby loss case
• Revisions are made to the procedures for referrals to Appeals once a taxpayer turns to the Tax Court to challenge the IRS

You can download the related write-ups with links to the source documents here:

• 2016-03-28 Current Federal Tax Developments

For this week of March 28, 2016 in Current Federal Tax Developments we look at:

• We get delays this week--but they are probably ones you’ll like
• Details and timing matter for charitable contribution documentation
• Even a really good pair of excuses for a failure to make money doesn’t help in one hobby loss case
• Revisions are made to the procedures for referrals to Appeals once a taxpayer turns to the Tax Court to challenge the IRS

You can download the related write-ups with links to the source documents here:

• 2016-03-28 Current Federal Tax Developments