Federal Tax Update - Jul. 30, 2018

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This Week's Topics

  • First 199A regulations are sent to OMB for review
  • Minnesota tests whether lower limits than South Dakota will work under Wayfair
  • Utah enacts South Dakota limits for remote sellers
  • Another US District Court agrees that the IRS’s own regulations limit the FBAR willfulness penalty amount
  • Taxpayer stuck with transferee liability after entering into transaction to sell corporation

Video

2018-07-30 A 199A Glimmer of Hope from Loscalzo Institute on Vimeo.

 

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