Federal Tax Update: Denied Deduction Not Excessive Fine

https://vimeo.com/368882218

https://www.currentfederaltaxdevelopments.com/podcasts/2019/10/26/2018-10-28  

 

This week we look at:

 

• California rules on tax issues for directors that have meeting in California
• Chief Counsel’s office gives guidance on use of secured email exchanges
• §280E found not to represent an excessive fine even if the Tax Court doesn’t completely agree on why
• Interim guidance issued to Appeals employees on BBA partnership regime
• Whistleblower cannot force IRS to reopen an audit that he claimed was woefully inadequate