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An Informed Guide To Mastering Retirement Plan Forfeitures

by usoftax_admin | Nov 28, 2023 | Tax News

When considering how to allocate departing retirement plan participants’ forfeitures, sponsors should consider recently filed lawsuits that allege Employee Retirement Income Security Act violations for using such funds to offset employer contributions, as well as...

COVERAGE RECAP: Day 35 Of Trump’s NY Civil Fraud Trial

by usoftax_admin | Nov 28, 2023 | Tax News

Law360 reporters are providing live coverage from the courthouse as former President Donald Trump goes on trial in the New York attorney general’s civil fraud case. Here’s a recap from Day 35.

Amicus Groups Tell High Court To End Chevron Deference

by usoftax_admin | Nov 27, 2023 | Tax News

Six groups, including the Ohio Chamber of Commerce and several former state supreme court judges, filed friend-of-the-court briefs on Monday urging the U.S. Supreme Court to overturn a decades-old legal doctrine stating that courts must defer to federal...

IRS surveys tax professionals to help it improve services

by usoftax_admin | Nov 27, 2023 | Tax News

The IRS said the voluntary phone survey will take about 20 minutes and will cover topics including e-filing, due diligence requirements, data security, and electronic document submission.

Georgia Tax Preparer Gets 2 Years For False Returns

by usoftax_admin | Nov 27, 2023 | Tax News

A Georgia tax preparer has been sentenced to two years in federal prison for filing false income tax returns for his clients to ensure inflated refunds that helped him earn more than $1.2 million in fees, according to federal prosecutors.

Understanding when and how to charge for central/intra-group services

by usoftax_admin | Nov 27, 2023 | Tax News

Nouran Ibrahim and Hana Khalil of Saleh, Barsoum & Abdel Aziz – Grant Thornton Egypt discuss the rationale and basics of implementing mechanisms for the correct administration of central/intra-group service charges
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