Certified Public Accountants 2207 Lakeside Dr. Bannockburn il 60015
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Trump Signs Bipartisan IRS Reform Legislation into Law
On July 1, President Trump signed into law a sweeping, bipartisan
IRS reform bill called the Taxpayer First Act ( P.L. 116-25).
This legislation aims to broadly redesign the IRS for the first
tim...
Proposed Regulations Address PFIC Rules
The Treasury and IRS have issued proposed regulations on provisions
dealing with passive foreign investment companies (PFICs). Proposed
regulations published on April 25, 2015, also have been withdraw...
Proposed Exception to MEP Unified Plan Rule
Proposed regulations would provide an exception to the unified plan
rule for multiple employer plans (MEPs). The purpose is to reduce
the risk of plan disqualification due to noncompliance by other
pa...
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