2024-05-06 IRS Can Assess Penalties for Failure to File Form 5471 per DC Circuit

from Current Federal Tax Developments · host Ed Zollars, CPA

This week we look at:IRS releases Fact Sheet on disaster provisions for retirement accounts added by SECURE 2.0 ActDC Circuit reverses Tax Court ruling that IRS does not have assessment authority for failure to file a report under IRC §6038(b) (Form 5471)Electric vehicle final regulations issuedDepartment of Justice begins process to move marijuana from Schedule I to Schedule III which would cause §280E to no longer limit deductions for cannabis businessesLack of any written records on time President/COO spent on activities or even estimate time spent on qualified research activities doomed attempt to claim a credit under IRC §41(a)An audio only version of this week’s update can be streamed or downloaded below. 2024-05-06 IRS Can Assess Penalties for Failure to File Form 5471 per DC Circuit Edward K. Zollars, CPA (Kaplan Financial Education) A PDF of this week’s slide and citation links can be downloaded below:2024-05-06 Current Federal Tax Developments

NOW PLAYING

0:00 0:00

1×

No transcript for this episode yet

We transcribe on demand. Request one and we'll notify you when it's ready — usually under 10 minutes.

Share this episode

Similar Episodes

gerald_russ_on_wm42

Jun 20, 2026 ·31m

gerald_roberts_is_live_with_tiffani_avatar

Jun 20, 2026 ·24m

gerald_roberts_is_live_with_steven_person

Jun 20, 2026 ·42m

gerald_roberts_is_live_with_shamir_dinero

Jun 20, 2026 ·26m

gerald_roberts_is_live_with_ruthie_jay

Jun 20, 2026 ·22m

gerald_roberts_is_live_with_pj_savage

Jun 20, 2026 ·37m

Similar Podcasts

Accidental Accountant Regan Williams Hi, I'm Regan! I'm a CPA of 30+ years helping "accidental accountants" navigate tax & accounting issues with confidence! Here, we find solutions to common challenges bookkeepers, accountants and CPAs face. Don't see an answer to your question? Then ask! I'm here to help people like you. CISO Perspectives (public) N2K Networks This season on CISO Perspectives, host Kim Jones explores some of the challenges of leading through uncertainty. We explore the complexity of the changing nature of regulation and working with the federal government, the evolution of privacy and fraud, and how emerging technologies like AI and quantum computing are changing cyber. When you don’t know what questions to ask, you’re afraid to ask, or don’t know who to ask, CISO Perspectives provides the foundation for learning in this brave new world. The Accounting & Tax Help Desk For Our Sun Productions Stay on top of accounting and tax essentials with our podcast, designed for professionals, entrepreneurs and anyone looking to better understand the wold of finance. IT IS WHAT IT IS with SHALLZ - SHALLY ZOMORODI Shally Zomorodi What? "It is what it is" with ShallZ – Shally ZomorodiWhen? WeeklyHow long? 35 minutesEvery week, Mother of 4, wife, morning TV news anchor and ultimate hostess, Shally Zomorodi talks about life - its up's and downs and how to stay on track in her weekly podcast, ‘It is what it is.’ Known for her high energy, infectious smile and ability to see the cup as half full Shally talks about all things in life and how to work through its challenges. From parenting, marriage, friendships, current events to how to smile when it just seems impossible ‘It is what it is’ is the perfect podcast to help inspire you to dance through the rain.

Frequently Asked Questions

How long is this episode of Current Federal Tax Developments?

Episode duration information is not available.

When was this Current Federal Tax Developments episode published?

This episode was published on May 5, 2024.

What is this episode about?

Can I download this Current Federal Tax Developments episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.

URL copied to clipboard!