Scacpa's Weekly Federal Tax Update

Lynn Nichols Federal Tax Update Podcast October 02, 2018, edition Listen as Lynn Nichols provides commentary on 6 Items pertaining to current developments in U.S. tax law. This week’s topics include: New Loss Limitation Hard to Calculate, Interpret With Other Rules The main focus of discussions on the Tax Cuts and Jobs Act has been the Section 199A passthrough deduction, but less talked about is a loss limitation that could have consequences for start-ups and real estate projects. [Tax Notes Today; 8/27/2018; Article by Eris Yauch]   Combat-Zone Contractors Qualify for Foreign Earned Income Exclusion Contract support for the military in designated combat zones may now qualify for the foreign earned income exclusion because of a change in the tax home requirement under the Bipartisan Budget Act of 2018. [IR-2018-173; 8/24/2018]   Stock Transfer Under Divorce Decree Won’t Affect S Corp Tax Status An S corporation won’t be considered to have a second class of stock in violation of federal tax rules solely