Scacpa's Weekly Federal Tax Update

Lynn Nichols Federal Tax Update Podcast March 5, 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:   Formula-Driven Tax Law Provisions Cause Havoc for Businesses Businesses are challenging the efficacy and burden of the formulaic approach that taxwriters adopted in structuring several provisions of the Tax Cuts and Jobs Act. [Tax Notes Today; 2/20/2018; Article by Emily Foster]   Second Circuit Upholds New York’s Donor Disclosure Requirement The Second Circuit, partially affirming a district court, held that a New York state requirement that registered charities disclose donor information doesn’t violate the First Amendment and is not preempted by federal tax law, finding that the requirement doesn’t impermissibly chill speech or act as a prior restraint on donation solicitation. [Citizens United et al. v. Eric T. Schneiderman; CA 2; No. 16‐3310; 2/15/2018  ]   No Debt Cancellation Reporting Required fo