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: