Blog & Newsroom

Posted by: Colleen Kaminsky, CPA

The Internal Revenue Service just issued a Revenue Procedure revising the scope of the IRS letter-forwarding program: the IRS will no longer forward letters on behalf of plan sponsors or administrators of qualified retirement plans (including qualified termination administrators of abandoned plans), who are attempting to locate missing plan participants and beneficiaries.

Posted by: Mary Ann Mezacapa

Posted by: Courtney Ockenden, CPA

Intuit QuickBooks Payroll
Payroll Update: Revised Tax Tables

In a recent case, Turner, T.C Memo. 2011-209, the Tax Court ruled that formal notice of the withdrawal power is not required. The result of this Tax Court case is that, if a notice requirement is not satisfied regarding a particular transfer to a trust, the taxpayer now has an argument that such notice is not required and the annual exclusions claimed were valid.

Posted by: Hope Placek

Senior citizen membership organization AARP recently came under fire by GOP lawmakers questioning the non-profitability of the group’s control over, and approval of, products sold by private firms while personally bypassing millions in tax levies.

Posted by Howard Kass, CPA

Posted by: Brett W. Neate, CPA, MT