Scacpa's Weekly Federal Tax Update

Lynn Nichols Federal Tax Update Podcast March 19, 2018, edition   Listen as Lynn Nichols provides commentary on 10 Items pertaining to current developments in U.S. tax law. This week’s topics include: Attractiveness of S Corporations After 2017 Larry Crumbley and James R. Hasselback discuss how the Tax Cuts and Jobs Act made significant changes that apply to S corporations, and they compare advantages and disadvantages of S corporation and C corporation status. [Tax Notes Today, 3/12/2018, Article]  Individual Can Amend Complaint to Make False Information Returns ClaimA U.S. district court granted a pro se individual leave to amend her complaint against Amazon Services LLC that alleged the company improperly reported income for her to the IRS that resulted in a tax liability; she now may make a cognizable claim under section 7434 that Amazon willfully filed false information returns for her. Employer-Provided Tax Prep Services Are Includable in Employee IncomeIn a legal memorandum, the IRS ruled that tax