Articles

Senator complains about lack of reporting standards,country club dues, and ‘billions of dollars in tax breaks’

Consensus seems to support additional funding for IRS to enforce present regulations

FASB recommendation to distinguish between permanently and temporarily restricted has no basis in law

The risks of legal action by a complainant, the accused, or a third party can be reduced by a thorough and effective inquiry and convincing documentation of the process

The IRS has listed 20 factors in determining whether a worker is an employee or an independent contractor, but, in the final analysis, control is the key

Federal statutes set forth employment-related records which must be preserved and the period for retention.

Nonprofits can reduce the risk of liability by avoiding questions that suggest illegal discrimination in hiring.

Accountants have been confused by state’s adoption of statute which permits trustees to set income as a percentage of fund value

Compromise bill allows small business to seek to enjoin unrelated commercial activity, imposes new financial accountability requirements

Big changes made for DAFs, SOs and general accountability; IRA rollover allowed for some direct gifts to charity

Donor Advised Funds and Supporting Organizations would face new restrictions to make them more “accountable”

Sen. Grassley looks at contribution deductions as means to slice away at difference between taxes due and taxes paid

Panel promises additional recommendations later; Grassley praises effort as beneficial

Proposals extend beyond tax regulation to give IRS, Tax Court authority over traditional state law concepts of fiduciary duty