Short Takes: Recent Developments of Interest to Investors
Author: Staff Editors.
Source: Volume 41, Number 04, Summer 2024 , pp.75-85(11)

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Abstract:
We discuss developments involving procedural issues, payments to college athletes, Section 280E and marijuana businesses, taxable versus nontaxable income, hobby loss and passive activity cases, entity status and standing, and some constitutional issues.Keywords: Chevron defense; filing deadlines; Farhy v. Comm’r; IRC Sec. 6038; basket option contracts; FBAR filings; payments to college athletes; unrelated business tax; IRC Sec. 280E; Notice 2024-46; disaster relief payments; taxation of railroad retiremen
Affiliations:
1: Journal of Taxation of Investments.