This week’s podcast covers the following developments:
- Taxpayers creating multiple entities to try and avoid double taxation of C corporation income find their plan fails
- IRS issues SALT workaround regulations affecting both new and pre-existing state tax credit programs
- Modifications made to automatic accounting method revenue procedure to deal with S corporation revocations under special TCJA rule
- Guidance provided on applying the rules to compute UBTI separately for each trade or business
You can listen to the podcast, view the video version, and read the corresponding notes.
To stay current on federal tax updates, visit our podcasts page, where we upload a new episode each week.