Tax Court 
Deadline Postponement Regulation Found Invalid
Section 7508A was added to the Internal Revenue Code (IRC) in 1997. Section 7508A(a) authorizes the Internal Revenue Service (IRS) to postpone certain tax actions for up to one year for a taxpayer affected by a §165(i)(5)(... Thomas Gorczynski, EA, USTCP
Tax News Briefs
Important Things to Know for Tax Year 2021 Returns
Infrastructure Investment and Jobs Act On November 5, 2021, Congress passed the Infrastructure Investment and Jobs Act (H.R. 3684), which President Biden is expected to sign into law. The new law addresses provisions rel... TheTaxBook
Jan/Feb 2022,
Tax News Briefs,
§408, corporation, Robert T. Stafford Disaster Relief and Emergency Assistance Act, Tax Court, §118, gross income, Form 8300, virtual currency, Consolidated Appropriations Act, fair market value, employee retention credit, §142(a), §45Q(f), Infrastructure Investment and Jobs Act, Notice 2021-63, American Rescue Plan Act of 2021, §7508A