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This page is a archive of recent entries in the Developments - Other category.

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Recently in Developments - Other Category

The TaxProf Blog has highlighted a recent report by the Treasury Inspector General for Tax Administration.  The report concludes that while improvements have been made, additional actions from the Internal Revenue Service could ensure that Section 527 Political Organizations more fully comply with financial disclosure...

Continue reading "IRS Fails to Properly Monitor 25% of Section 527 Political Organizations, Says IG"

No Fault Divorce Arrives in New York

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Moses Singer LLP  has made announcement highlighting a change in New York law that makes no-fault divorce an option for residents of the state. Prior to this development, New Yorkers needed to show proof of fault to make divorce proceedings...

Continue reading "No Fault Divorce Arrives in New York"

The Joint Economic Committee of the U.S. Congress has published its Weekly Economic Digest dated August 9, 2010. The current digest discusses the following: Private patrolls grow for seventh straight month Gradual manufacturing recovery Unemployment rate remains stable in JulyPosted...

Continue reading "JEC Weekly Economic Digest: Weak Employment Report Highlights Need for Additional Action"

Michele Knight, CPA and owner of Knight Accounting & Technology, has published an article in the Summit Daily News.  The article highlights tax issues being considered by congress and the implications they may have on tax liability.  Specifically, Knight points out issues related to...

Continue reading "Michele Knight: "Your Taxes: What's going on with taxes in Washington?""

McGuireWoods LLP has released an update about a recent case that addresses 401(k) plan fees and expenses.  Tibble, et al., v. Edison Int'l., et al., U.S.D.C (C.D.Ca.) Case No. CV 07-5359 SVW (AGRx) focused on responsibilities of the Edison International...

Continue reading "Fiduciaries Held Liable for Selecting Retail Mutual Funds"

The New York Times has published an article by Lynnley Browning reporting internal changes at the IRS designed to more effectively address contentious tax cases involving multinational corporations.  The agency will rejuvenate an older unit devoted to scrutinizing large corporations...

Continue reading "NYT: IRS Steps Up Effort to Combat Tax Evasion"

Heather Timmons has an article in The New York Times discussing the increase of Western lawyers who have moved overseas in response to the surge in legal outsourcing; India now has over 140 outsourcing firms, up from only 40 in...

Continue reading "NYT: Outsourcing to India Draws Western Lawyers"

The latest issue of the Family Business Newsletter, which serves as a guide for family owned companies, provides news updates on the most recent developments in companies that are intertwined with a family history.  In this edition: Tuttle family will...

Continue reading "Family Business Newsletter: August 3, 2010"

Claire Bradley of Forbes Magazine has published an article which notes the financial risk of college debt for students and parents.  She observes that the $20,000 in debt the average undergraduate leaves school with can often balloon to an amount...

Continue reading "Forbes: The Dangers Of Paying For Your Kid's College"

Mike Moran, who writes for the Biznology blog, has published an article detailing what he expects to be four major changes that "the smartest" professionals in the marketing industry are trying to accommodate; they are:More technology: Moran notes that with...

Continue reading "Four Big Changes in the Marketing Industry"

The Fiduciary Advisory Services Group at McguireWoods has published an article titled "Hawaii Enacts Domestic Asset Protection Trust Legislation and Reinstates Separate State Estate Tax, by Charles D. Fox IV, Ronald D. Aucutt, Dennis I. Belcher, and W. Birch Douglass III.  The article...

Continue reading "McGuireWoods: Hawaii Enacts Domestic Asset Protection Trust Legislation and Reinstates Separate State Estate Tax"

Following the passage of the Dodd-Frank Act, executives can expect a major transformation in the world in which financial services firms must operate. Ernst and Young has released a publication that will allow individuals to read about the immediate priorities and...

Continue reading "Ernst and Young Releases "Positioning for Change" Addressing the New Financial Reform"

With the capital gains tax increasing from 15% now to 20% in January, William Baldwin has published an article in Forbes providing six ways to avoid the tax. The tips cover: 1. Donations 2. Transfers 3. Die 4. Buying Puts...

Continue reading "Forbes: Six Ways to Avoid Capital Gains Tax"

The Joint Economic Committee of the U.S. Congress has published its Weekly Economic Digest dated July 25, 2010. The current digest discusses the following:New homebuilding still showing signs of stressExisting home sales fell in JuneFed Chairman Bernanke presents Monetary Report...

Continue reading "JEC Weekly Economic Digest: Housing Market Remains Lackluster Adding to Uneven Recovery"

Jay Heflin of The Hill is reporting that The Tax Policy Center has released research showing that nearly three-quarters of Americans will pay more in taxes next year if Congress fails to extend the cuts enacted by President George W....

Continue reading "Three in Four Can Expect Higher Taxes if Congressional Inaction Persists"