An Interesting Pro-Taxpayer Decision Against IRS

The Sixth Circuit recently ruled that Roth IRAs that purchase shares of a Domestic International Sales Corporation (DISC) and have dividends returned to it cannot have those transactions recharacterized as excess contributions by the IRS. This is a significant win for taxpayers.

Read more about this case from OMA Connections Partner, MCM CPAs & Advisors.  2/22/2017