Important Developments in Federal Income Taxation

Abstract

This outline covers significant developments in federal income taxation along with a few other interesting or noteworthy tax topics arising during the preceding calendar year. It offers a selective treatment focusing on items likely to interest practitioners and advisors within a broad range of professional practices. This year’s outline targets regular and reviewed decisions of the Tax Court, along with federal appellate cases. Other trial decisions from the Tax Court (including memorandum and summary opinions), district court, and claims court, as well as unreported appellate decisions receive more limited attention due to their comparatively limited impact on tax law development. A few administrative developments are also included. The legislation section provides an overview of significant provisions enacted in the Putting Taxpayers First Act, Pub. L. No. 116-25 (July 1, 2019), along with a few other pending issues.