Paul L. Caron

Sunday, February 16, 2020

Morse: Important Developments In Federal Income Taxation (2019)

Edward A. Morse (Creighton), Important Developments in Federal Income Taxation:

This outline covers significant developments in federal income taxation along with a few other interesting or noteworthy tax topics arising during the preceding calendar year. It offers a selective treatment focusing on items likely to interest practitioners and advisors within a broad range of professional practices. This year’s outline targets regular and reviewed decisions of the Tax Court, along with federal appellate cases. Other trial decisions from the Tax Court (including memorandum and summary opinions), district court, and claims court, as well as unreported appellate decisions receive more limited attention due to their comparatively limited impact on tax law development. A few administrative developments are also included.

The legislation section provides an overview of significant provisions enacted in the Putting Taxpayers First Act, Pub. L. No. 116-25 (July 1, 2019), along with a few other pending issues.

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"9. Failure to cash distribution check does not provide basis for exclusion, Rev. Rul." Of course it doesn't; what's the point of RMDs if the taxes on them can be avoided by simply not cashing the check?
2019‐19, 2019‐36 IRB 674.

Posted by: Gerald Scorse | Feb 17, 2020 3:28:04 PM