2025-03-17 IRS Guidance on When a Scam Generates a Theft Deduction
Federal Tax Update Podcast · The Ohio Society of CPAs
March 16, 20251h 29m
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Show Notes
This week we look at:
- Tax Court Finds Taxpayer Failed to Provide a Qualified Appraisal, No Charitable Deduction Allowed
- Estate Found Liable for $2 Million FBAR Penalty That Applied to the Decedent
- Taxpayers Filing Court Challenges to Attempt to Obtain Employee Retention Tax Credits
- Fourth Circuit Overturns Trial Court's Grant of Summary Judgment to the Government, Finding True Issue of Fact Exists Regarding Whether Statute Remained Open
- IRS Memorandum Discusses When a Taxpayer Can Claim a Deduction as Victims of Various Scams Under Current Law