FICPA Podcast

Federal Tax Update: Tax status of legal settlement

In the latest edition of Ed Zollars' "Federal Tax Update" podcast:

  • The IRS publishes a set of Q&As on its website related to 2021’s enhanced child and dependent care tax credit
  • A malpractice settlement related to taxpayer’s divorce was found to be taxable, and the situation was made worse in Tax Court
  • IRS discusses interaction of depreciation-related §481(a) adjustments and computation of ATI through 2021

Click on the player below to listen to the show.

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