Federal Tax Update - Feb. 4, 2019

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This Week's Topics

  • IRS delays end of faxing transcripts after Chair and ranking minority member of Senate Finance Committee send a joint letter requesting a delay
  • Taxpayers could not avoid NOL carryforward election they claimed they were unaware of
  • IRS publishes corrected version of §199A regulations, changes one word some see as potentially important
  • Article discusses risks to marijuana businesses from electing small business inventory relief added by TCJA

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