Recent Developments in Federal Income Taxation: The Year 2019

Tax Lawyer, Vol. 73, No. 3, 2020

147 Pages Posted: 13 Mar 2020

See all articles by Bruce A. McGovern

Bruce A. McGovern

South Texas College of Law Houston

Cassady V. Brewer

Georgia State University - College of Law

James M. Delaney

University of Wyoming College of Law

Date Written: March 4, 2020

Abstract

This article summarizes and provides context to understand the most important developments in federal income taxation for the year 2019. The items discussed primarily consist of the following: (i) significant amendments to the Internal Revenue Code; (ii) important judicial decisions; and (iii) noteworthy administrative rulings and regulations promulgated by the Service and the Treasury Department. This article primarily focuses on subjects of broad general interest – tax accounting rules, determination of gross income, allowable deductions, treatment of capital gains and losses, corporate and partnership taxation, exempt organizations, and procedure and penalties. This article generally does not address items relating to federal estate and gift taxation, income taxation of trusts and estates, qualified pension and profit-sharing plans, international taxation, or specialized industries such as banking, insurance, and financial services.

Keywords: Tax, Taxation, Income taxation, Corporate taxation, Partnership taxation, Tax shelters, Tax procedure, Individual income taxation, Tax-exempt, Tax-exempt organizations

JEL Classification: A19, H20, H24, H25, H26, H50, K34, K40

Suggested Citation

McGovern, Bruce A. and Brewer, Cassady V. and Delaney, James M., Recent Developments in Federal Income Taxation: The Year 2019 (March 4, 2020). Tax Lawyer, Vol. 73, No. 3, 2020. Available at SSRN: https://ssrn.com/abstract=3548950 or http://dx.doi.org/10.2139/ssrn.3548950

Bruce A. McGovern (Contact Author)

South Texas College of Law Houston ( email )

1303 San Jacinto Street
Houston, TX 77002
United States
(713) 646-2920 (Phone)
(713) 646-1766 (Fax)

Cassady V. Brewer

Georgia State University - College of Law ( email )

P.O. Box 4037
Atlanta, GA 30302-4037
United States

James M. Delaney

University of Wyoming College of Law ( email )

P.O. Box 3035
1000 E. University Ave.
Laramie, WY 82071
United States
307-766-2182 (Phone)

HOME PAGE: http://www.uwyo.edu/law/directory/jim-delaney.html

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