In the latest edition of his Federal Tax Update podcast, Ed Zollars addresses the lack of a 1099 and reasonable cause. This week we look at:
- Reconciliation bill talks stall in Congress
- Taxpayer loses on charitable contribution deduction due to failure to give entire interest and lacking proper acknowledgment for donation to donor advised fund
- Taxpayer not allowed to shorten statute for collections based on shortcomings in own OIC filings
- No reasonable cause for failure to report distribution when 1099-R sent to wrong address
Click on the player below to listen to the show.