Scacpa's Weekly Federal Tax Update

Lynn Nichols Federal Tax Update Podcast April 16, 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: OUR PROGRAM THIS WEEK INCLUDES . . . . . . IRS Fact Sheet Outlines Options for Taxpayers Who Can't Pay What's Owed The IRS has advised individuals who can't pay all of their tax bill to file their return on time and pay as much as possible, which will help reduce penalties and interest, and to seek options provided by the IRS if they can't pay at all. [FS-2018-8; 4/13/2018]                                                                                                                                                                                                        Student Loan Repayments to Doctors Are Excludable From Income In a legal memorandum, the IRS concluded that cash awards made under a state’s student loan repayment program are excludable from the recipients’ gross income under section 108(f)(