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THIS WEEK'S RESOURCES
- New Roth 401(k) Adds to Workers' Investment Options
- Poll: Public Divided on Regulating Appearance in the Office
- Treasury, IRS Issue Regulations on the Reduction of Consolidated Attributes
- Family Partnerships are Under the Microscope
- Accountants Reaping the Benefit of Corporate Reform
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THIS WEEKS RESOURCES
Whether it makes more sense to pay taxes now or at retirement is a question many workers will be pondering if their employers offer them a new Roth 401(k)investment option.
Most would agree that nose rings and obesity are more common than ever in the U.S. workplace, but a new survey says the nation is divided over whether employers should have the right to ban body piercings or compel large-framed employees to drop weight.
Earlier this week the Treasury Department and the Internal Revenue Service issued final regulations that provide rules for reducing tax attributes (e.g., net operating losses, tax credit carryovers) when the debt of a member of a consolidated group is forgiven.
Tread carefully if you are thinking of moving family estate assets into a partnership to reduce your tax burden. A U.S. Tax Court decision is making it more difficult to use the partnerships to shield assets, the Wall Street Journal reported.
Poor-and sometimes fraudulent-accounting may have led to the fall of corporate giants in recent years, but now the accountants themselves are cleaning up from corporate reform work.
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FIRMS, PEOPLE AND TRENDS
- Fannie Mae Facing Another Class Action Lawsuit
- IRS and States Collect from Son of Boss
- Deloitte Announces First of What May be Many Mergers in China
- Boston Accounting Firm Split Ends Up in Court
- Bankrupt Airline Sues Ernst & Young for Accounting Fraud
- Ebbers Found Guilty in Massive WorldCom Fraud Case
- Small Accounting Firms Shop for 'Safe' Companies
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