2025-06-09 Worthlessness vs Cancellation of Debt Are Not the Same
Federal Tax Update Podcast · The Ohio Society of CPAs
June 8, 20251h 50m
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Show Notes
This week we look at:
- Navigating Corporate Alternative Minimum Tax (CAMT)
- Conservation Easement Valuation & Penalties: A Warning from Tax Court
- Collection Due Process (CDP) & Offers in Compromise (OICs): Lessons from Tax Court
- Accuracy-Related Penalties: Navigating Negligence and Insufficient Professional Reliance
- Understanding Treasury's Request for Information on Modernizing Federal Payments
- Worthlessness vs. Discharge: A Ninth Circuit Examination of Bad Debt Deductions Concurrent with COD Income