https://vimeo.com/578958243
https://www.currentfederaltaxdevelopments.com/podcasts/2021/7/24/2021-07-26-proposed-s-corporation-basis-forms
This week we look at:
- Taxpayer fails in attempt to use Cohan rule to obtain deductions
- IRS proposes Form 7203 to use by shareholders to report basis in S corporation
- IRS can consider potential recovery against executor as part of offer in compromise
- IRS opens up site for full electronic submission and signing of Forms 2848 and 8821