Federal Tax Update: Sometimes Too Late is Really Too Late

https://vimeo.com/396285360

https://www.currentfederaltaxdevelopments.com/podcasts/2020/3/8/2020-03-09-sometimes-too-late-is-just-too-late  

 

This week we look at:

• IRS denies a taxpayer's request to make a late mark to market election under §475(f)
• Loss limits for passive activities, basis and at-risk also limit self-employment loss use
• Revenue Procedure grants relief for filing some information returns for certain foreign trusts