In the latest edition of his Federal Tax Update podcast, Ed Zollars addresses the IRS liberalizing late portability election relief. This week we look at:
- Discussions start up again for the reconciliation bill.
- IRS extends automatic late portability election relief to five years
- Federal tax lien attached to payments being made to seller’s former spouse for alimony by business buyer
- No reasonable cause for late payment and late filing
Click on the player below to listen to the show.