Current Federal Tax Developments

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2018-07-16 OK to Use the Back Door

July 14, 2018 by Ed Zollars, CPA

Current Federal Tax Developments for the week of July 16, 2018: OK to Use the Back Door.

  • This week we look at the following items:
  • More Wayfair fallout
    • North Dakota out of state seller collections required beginning October 1
    • South Carolina to use South Dakota minimums for out of state sellers
    • Wisconsin will use the South Dakota minimums for the October 1 out of state seller start
  • IRS updates security guidance for tax professionals
  • Trusts and Estates will get to deduct trustee fees and other Section 67(e) expenses following TCJA
  • IRS sticks to its position on prepaid real estate taxes when questioned by NJ Attorney General
  • IRS employee indicates the agency accepts that the back door Roth contribution is legal

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

Articles on this week's developments can be found in the PDF you may download below:

2018-07-16 Current Federal Tax Developments

July 14, 2018 /Ed Zollars, CPA
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