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February 21, 2012

The Payroll Tax Cut: Is it Here to Stay?

February 14, 2012

IRS Now Allows K-1s to be Provided Electronically

December 22, 2011

Is an IRA More Like an Entity or More Like a Form of Ownership?

The Tax Court, in a decision granting the IRS’s motion for partial summary judgment, held that a corporation was not eligible for S corporation status in a year in which its sole shareholder was a custodial Roth IRA.  Taproot Admin.

December 21, 2011

IRS Offers Relief Pending DOL Action on IRA Indemnification Agreements

October 20, 2011

Prohibited Transactions Are Common in Office Leasing Arrangements, DOL Warns

October 14, 2011

What’s Next on the Road to Health Care Reform for Group Health Plans?

The health care reforms introduced in 2010 take effect in stages. The IRS, DOL and HHS delayed the enforcement of some market reforms that took effect for group health plans in plan years beginning on or after September 23, 2010. Others require regular review to ensure continued adherence. In addition, it is not yet clear whether compliance with notification provisions intended to take effect in 2012 will be postponed.

September 23, 2011

New IRS VCSP Program Gives Employers a Golden Opportunity to Reclassify Workers at Low Cost and Without Penalties and Interest

2011-09-23 The IRS’s Voluntary Classification Settlement Program (VCSP) presents a golden opportunity for employers to resolve past worker classification issues at an exceptionally low cost before an audit occurs. Under the VCSP, an employer would pay 10% of the amount of employment taxes calculated under the

September 23, 2011

What Will DOL's Re-Proposed Fiduciary Rule Look Like?

2011-09-23 In a News Release issued September 19, 2011, the Labor Department announced that it intends to re-propose its rule defining who is a fiduciary under ERISA in early 2012. The DOL issued a proposed rule last October that would have, among other things, expanded the definition to include those individ

August 26, 2011

No Cost Sharing for Preventive Care: Where Can Group Health Plans Draw the Line?

Although group health plans that are not grandfathered under the Patient Protection and Affordable Care Act typically must provide coverage with no cost sharing for recommended preventive care services, there are situations in which a plan may impose a deductible, copay or coinsurance.

July 29, 2011

IRS Policy Change Regarding Innocent Spouses May Present New Opportunities for Relief

A recent change in the IRS’s policy regarding so-called “innocent spouse relief” under §6015(f) on equitable grounds may present a new opportunity for taxpayers to seek relief. Under Notice 2011-70, 2011-32 I.R.B. , effective July 25, 2011, the IRS no longer will require that a spouse submit