Current Federal Tax Developments for the week of July 30, 2018: A 199A Glimmer of Hope.

This week we look at the following items:

• 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

An audio only version of this week's broadcast can be streamed or downloaded below.

A PDF with articles on this week's developments can be downloaded below:

2018-07-30 Current Federal Tax Developments