Guest(s): Bob Keebler, CPA/PFS, Anna Moody, JD and David O’Neill, JD

Category: Technical

In NC Department of Revenue v. The Kaestner Family Trust, the Supreme Court determined whether the US Constitution’s due process clause prohibits states from taxing trusts based on trust beneficiaries’ in-state residency. In this episode, Bob Keebler, CPA/PFS interviews Anna Moody and David O’Neill answers the questions:

What was the Supreme Court’s ruling?
In which states will CPAs likely file amended returns or protective claims?
In what situations should CPAs advise clients to seek a refund from the state?
And more!

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How the Kaestner decision may impact your clients {PFP Section}