In the latest edition of his Federal Tax Update podcast, Ed Zollars addresses the IRS releasing a penalty relief. This week we look at:
- Trust terms mean estate gets no deduction for marital or charitable contribution for specified payment value
- IRS provides for broad penalty relief for certain returns from 2019 to 2020
- National Taxpayer Advocate publishes blog post explaining IRS penalty relief
Click on the player below to listen to the show.