Ed Zollars presents this week’s tax updates. It was a fairly quiet week with the IRS and Congress…however there was an incredible amount of press on tax information regarding an economic stimulus package. Topics this week include:

• IRS posted a final revised version of Circular 230 but almost immediately pulled it off the web to complete technical corrections
• Tax Court – two rulings this week 130TC-1 January 24, 2008
• Case involving a gambler’s losses in case 2008-10