Federal Tax Update: Remember the Secure Act

https://vimeo.com/455078311

https://www.currentfederaltaxdevelopments.com/podcasts/2020/8/29/2020-08-31-excellent-guidance-to-confirm-fears

 

This week we look at:

• IRS loses in an attempt to challenge a contribution of closely held stock to charity
• Notice issued giving guidance on retirement plan changes enacted at the end of 2019
• Second new version of Form 941 for 2020 released in draft form
• Minister discovers he won't qualify to be paid social security or Medicare coverage due to not understanding employment taxes and pastors
• IRS publishes web page on BBA Centralized Partnership Audit Regime