Federal Tax Update:The Tax Court Deals with Debt Issues

https://vimeo.com/439622550

 

https://www.currentfederaltaxdevelopments.com/podcasts/2020/7/19/2020-07-18-the-tax-court-deals-with-debt-issues

 

This week we look at:  

• IRS describes letters issued for Form 7200 when various issues arrive
• Loan was nonrecourse since lender did not take route that could have lead to deficiency judgment
• Debt failed to be qualified principal residence interest
• IRS proposes to add Schedules K-2 and K-3 for international partnership issues
• PTIN fees to return next year