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14 Jul 2024, 10:00 pm
Terminating a seller’s existing retirement plan can be complicated if the seller maintains a Savings Incentive Match Plan for Employees (SIMPLE) IRA plan because the “exclusive plan rule” under Section 408(p)(2)(D) of the Internal Revenue Code (Code) provides that a SIMPLE IRA plan may not be maintained for a calendar year if the employer maintains a qualified plan for that calendar year. [read post]
14 Jul 2024, 9:05 pm
Third, deeming carried interest to be ordinary income would have unforeseen consequences and, at best, raise little revenue or potentially reduce government revenue. [read post]
14 Jul 2024, 9:01 pm
A competing WCG product included in the earn-out revenue for purposes of the earn-out calculation would produce at least US$14 million in “guaranteed” revenue. [read post]
14 Jul 2024, 4:00 pm
" The post “GARM” Is New Version Of Old Tactic To Starve Conservative Media of Revenue To Silence Dissent first appeared on Le·gal In·sur·rec·tion. [read post]
14 Jul 2024, 3:44 pm
The court found this to be in erroneous, as the relevant provision of the Internal Revenue Code had been repealed by the Tax Cuts and Jobs Act, which applied to divorce decrees executed after December 31, 2018. [read post]
14 Jul 2024, 7:46 am
Editor’s Note: In a bold demonstration of its evolving military prowess, Ukraine has executed a high-stakes drone strike deep within Russian territory, targeting a vital oil depot in Rostov Oblast. [read post]
14 Jul 2024, 6:22 am
The level of required report is as follows, based on revenue: Associations with total annual revenues of $150,000 or more, but less than $300,000, must prepare “compiled” financial statements. [read post]
13 Jul 2024, 8:07 pm
Social media platforms, at least in their most common form, have a First Amendment right to curate the third-party speech they select for and recommend to their users, and the government’s ability to manipulate those processes is extremely limited, the U.S. [read post]
12 Jul 2024, 2:19 pm
” This language exists because of the 1995 Private Securities Litigation Reform Act, which sought to reduce the number of “frivolous” securities actions brought by disappointed shareholders of public companies when corporate revenue and earnings projections failed to materialize. [read post]
12 Jul 2024, 1:35 pm
While the characterization of the revenue and the mechanism for distributing such funds remain unsettled, distribution may take the form of schools paying their players for the right to use their NIL. [read post]
12 Jul 2024, 1:17 pm
This policy, aimed at boosting revenue and combating alcohol counterfeiting, was revoked in August 2022 amid procedural criticisms. [read post]
12 Jul 2024, 10:49 am
Sports gambling generated more than $60 million in tax revenue for Maryland during the first full fiscal year in which bettors could wager using their phones. [read post]
12 Jul 2024, 7:00 am
Understanding IRS Letter 725-B: Notice of Appointment to a Field Revenue Officer for Investigation The IRS Letter 725-B, also known as the Notice of Appointment to a Field Revenue Officer (RO) for Investigation, is a formal communication from the Internal Revenue Service (IRS) indicating that a taxpayer’s case has been assigned to a revenue officer for further investigation. [read post]
12 Jul 2024, 6:34 am
The Internal Revenue Service (IRS) uses several different types of identification numbers for individuals and businesses. [read post]
12 Jul 2024, 3:10 am
The government has funded a host of programs to pressure the source of revenue of conservative sites and to target dissenting voices. [read post]
12 Jul 2024, 1:45 am
The order also holds the law is not a proper exercise of the power of Congress to regulate commerce because the restrictions on locations of distilleries are included in the Internal Revenue Code (IRC) and not part of a comprehensive statute that directly regulates commerce on its face. [read post]
11 Jul 2024, 10:39 pm
Such statutes commonly apportioned tax revenue among counties, towns, or other subdivisions. [read post]
11 Jul 2024, 9:05 pm
The Internal Revenue Service (IRS) published a final rule on how taxpayers report excise taxes imposed on the sale of designated drugs. [read post]
11 Jul 2024, 7:43 pm
(Content farms are entities that generate large volumes of low-quality content, typically to attract views and ad revenue.) [read post]
11 Jul 2024, 2:28 pm
Enlarge (credit: Apu Gomes / Stringer | Getty Images News) After the House of Representatives Committee on the Judiciary released a report accusing the Global Alliance for Responsible Media (GARM) of colluding with companies to censor conservative voices online, Elon Musk chimed in. [read post]
