Scacpa's Weekly Federal Tax Update

Lynn Nichols Federal Tax Update Podcast March 19, 2018, edition   Listen as Lynn Nichols provides commentary on 8 Items pertaining to current developments in U.S. tax law. This week’s topics include: IRS Publishes List of Practitioners Subject to Disciplinary Action The IRS has published a list of attorneys, CPAs, enrolled agents, enrolled actuaries, enrolled retirement plan agents, and appraisers who have received disciplinary sanctions for violating the regulations governing practice before the IRS. [Announcement 2018-4; 2018-10 IRB 401; 3/5/2018]   Business Network Loses Exemption The IRS revoked the tax-exempt status of an organization described in section 501(c)(3) because its primary activity is operating a networking event for business owners and investors, which is not an exempt purpose. [LTR 201809011; 9/21/2017]   Tax Court Invalidates Scheme to Bypass Roth IRA Limits A group of taxpayers is on the hook for excise taxes after the Tax Court invalidated their scheme to contribute funds to a f