https://vimeo.com/609111841
https://www.currentfederaltaxdevelopments.com/podcasts/2021/9/19/2021-09-20-reasonable-cause-to-avoid-negligence
This week we look at:
- Ways and Means Committee finishes markup of proposed new tax bill.
- Language of legal settlement made all of the settlement amount taxable to taxpayer regardless of the fact that payor likely had other reasons to settle
- Taxpayer had reasonable basis to rely upon prior case settlement even though Court found opposite results this time