FICPA Podcast

Federal Tax Update Podcast: Reasonable cause to avoid substantial understatement penalty

In the latest edition of his Federal Tax Update, Ed Zollars gets you caught up on the week that was, as:

  • The House Ways and Means Committee finishes markup of proposed new tax bill
  • The language of a legal settlement made all of the settlement amount taxable to taxpayer regardless of the fact that payor likely had other reasons to settle
  • And a taxpayer had reasonable basis to rely upon a prior case settlement even though the Court found opposite results this time

Click the player to listen to the show.

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