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.