Federal Tax Update: Q&A 33 - The IRS FAQ Says What?

https://vimeo.com/332850949

https://www.currentfederaltaxdevelopments.com/podcasts/2019/4/27/2019-04-29-qampa-33-the-irs-faq-says-what

Current Federal Tax Developments for the week of April 29, 2019: Q&A 33 - The IRS FAQ Says What?

• Taxpayer finds expense can’t be assigned to business based on best result

• IRS greatly expands the FAQ on Section 199A, including a major surprise to many on handling S corporation shareholders

• IRS updates the EPCRS program to add more self-correction options

• Chief Counsel Email holds that using a PEO does not allow a partner to be treated as the employee of partnership