Important Developments in Federal Income Taxation

This outline covers significant developments in federal income taxation along with a few other interesting or noteworthy tax topics. It offers a selective treatment of case law and some administrative developments that are likely to interest practitioners and advisors within a broad range of professional practices; it is not intended to provide comprehensive coverage. The discussion includes events reported through November 27, 2017. This paper was presented at the 55th Annual Great Plains Tax Institute in Omaha, Nebraska, on November 30, 2017. A similar version was also presented at the South Dakota Bar Tax Update Program in Sioux Falls, South Dakota, on December 8, 2017