2019-12-16 The Sound of Silence

Current Federal Tax Developments for the week of December 16, 2019: The Sound of Silence IRS does not have the discretion to waive repayment of advance premium credit Employer who reimburses employee when transit card fails to function has to include amount in wages per CCA IRS issues more proposed regulations on state tax issues and charitable contributions, but remains silent on passthrough tax issues IRS grants relief from use of tax basis capital account on partnership K-1s for one year Copyright 2019, Kaplan, Inc.

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