Current Federal Tax Developments for the week of July 23, 2018: Taxing Trust Roadblocks.

This week we look at the following items:

Two state supreme courts restrict their states’ ability to tax trusts
IRS issued PMTA on willfulness for FBAR penalty
Forfeitures now can be used to fund QMACs and QNECs
IRS discusses the impact on taxable wages of a payroll tax examination
Many exempt organizations will no longer have to file Schedule B with Form 990
Proposed regulations issued on due diligence expansion to head of household status added by TCJA

An audio only version of this broadcast can be streamed or downloaded below:

Articles on the developments discussed this week can be found in the PDF available for download below: