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:

2018-07-23 Current Federal Tax Developments