Scacpa's Weekly Federal Tax Update

Lynn Nichols Federal Tax Update Podcast May 29, 2018, edition   Listen as Lynn Nichols provides commentary on 6 Items pertaining to current developments in U.S. tax law. This week’s topics include: OUR PROGRAM THIS WEEK INCLUDES . . . . . .   IRS Noncommittal on Whether Taxpayers Can Rely on Proposed TCJA Regs Guidance on several changes under the 2017 tax law will be issued this summer, but whether taxpayers can rely on that guidance for tax positions is uncertain. [Tax Notes Today, 5/14/2018, Article   Existing Guidance Helpful for Addressing Section 199A Issues Existing code sections are being consulted while Treasury develops new rules on the application of the passthrough deduction.  [Tax Notes Today, 5/14/2018, Article   Termination of S Corp Election Inadvertent The IRS ruled that a company will be treated as continuing to be an S corporation from the date its subchapter S election was inadvertently terminated when a trust became an ineligible shareholder, provided the trust files an electing