Tax news August 2012 | AccountingWEB

Tax news August 2012


Should You Send Some Tax Work to India?

Are you having trouble hiring enough staff to do all your tax returns? Consider outsourcing some of the overflow to India.

Florida State Rep Faces IRS Investigation

State Representative Daphne Campbell is under investigation for Medicaid fraud, prompting the state Democratic Party to ask Campbell "to consider stepping down," the <i>Miami Herald</i> reported.

House Approves Firing of Tax-Delinquent Federal Workers

The House approved legislation on July 31 that would require the federal government to terminate workers with "seriously delinquent" tax debts.

Guidance on ERISA Notice for Underfunded Pension Plans

The IRS has provided new guidance on notice requirements under the ERISA for single-employer defined plans, like pension plans, when the plan fails to meet certain funding levels (Notice 2012-46).


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