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Home > Federal Tax Update Podcast > 2018-09-10 SALT Clarification - Well, Not Really
Podcast: Federal Tax Update Podcast
Episode:

2018-09-10 SALT Clarification - Well, Not Really

Category: Business
Duration: 00:38:51
Publish Date: 2018-09-07 19:48:07
Description:

This week we look at the following items:

  • South Dakota to hold a special session so the state can begin to take advantage of their victory in the Wayfair case
  • Taxpayer who withdrew IRA funds based on a notice of intent to levy cannot escape 10% additional tax
  • IRS clarifies the application of the proposed SALT regulations leading to a bevy of questions
  • IRS memorandum concludes seismic fees for offshore drilling must be amortized and cannot be treated as intangible drilling costs
  • President issues an Executive Order for DOL and Treasury to consider certain changes to retirement plans
  • Tax Court disagrees with the IRS’s view on how §1291(c) gains interact with six year statute

Copyright 2018, Kaplan, Inc.

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