1st Circ. Reverses Retirement Fund Transfers Ruling

By David Hansen (April 9, 2018, 2:48 PM EDT) -- A split First Circuit panel reversed a U.S. Tax Court ruling on Friday, finding that two brothers accused of exceeding contribution limits on their retirement accounts had engaged in legal transactions, holding that the IRS can't recharacterize account transfers that the agency argued flouted congressional intent....

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