Wednesday, February 26, 2020

Law Firm Can't Avoid Rabbi's Tax Suit Over Retirement Plan - Law360

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Author: https www law360 com tax authority articles 1247600 law firm can t avoid rabbi s tax suit over retirement plan
Twitter: @law360
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In case you are keeping track:

Greif Reports First Quarter 2020 Results | Ohio | news-herald.com

DELAWARE , Ohio , Feb. 26, 2020 /PRNewswire/ -- Greif, Inc. (NYSE: GEF, GEF.B), a world leader in industrial packaging products and services, today announced first quarter 2020 results.

First Quarter Highlights include (all results compared to the first quarter of 2019 unless otherwise noted):

"Greif's performance in the first quarter was strong across all strategic priorities," said Pete Watson , Greif's President and Chief Executive Officer. "Adjusted EBITDA rose by 39% to $147.4 million , driven by strong performance in our Rigid Industrial Packaging & Services segment and the acquired Caraustar operations. Our internal customer satisfaction index score improved to an all-time high and we received several recognitions for our sustainability leadership.

Publisher: The News-Herald
Author: Greif Inc
Twitter: @newsheraldinoh
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Tax - IRS Draft Regs: OIRA Review Offers Fresh Opportunity - Lexology

"There's concern that giving OIRA greater authority will extend the IRS rulemaking process and possibly politicize it to a greater extent."

* * *

For many years, the IRS avoided review by the Office of Information and Regulatory Affairs (OIRA) of its proposed regulations under a 1983 agreement between the Department of the Treasury and the White House’s Office of Management and Budget.

In Mayo Foundation for Medical Education and Research v. United States (2011), the Supreme Court clarified that the APA applies to the IRS in the same manner as other agencies. Motor Vehicles Manufacturers Association v. State Farm Mutual Automobile Insurance Co. (1983) was a milestone, though it didn’t address tax issues.

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China to finish drafting laws on value-added tax, consumption tax this year - Xinhua |

BEIJING, Feb. 26 (Xinhua) -- The Ministry of Finance on Wednesday unveiled a legislative work plan for 2020, pledging to complete drafting a raft of laws and regulations this year.

The ministry will strive to finish within this year drafting laws on value-added tax, consumption tax and tariff, revising the government procurement law, revising regulations on implementing the government procurement law, and drafting the law on managing the state-owned financial capital, it said.

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This may worth something:

Who's Legally Responsible During an Audit?

If you prepared someone's tax return for free, will you need to be present if they are audited? Julian Block answers this question and addresses other topics in his latest post.

In twenty-three previous columns, I discussed my use of "tax tidbits" to enliven conversations when talking taxes with clients or speaking to groups like business owners, retirees, investors and home sellers. The tidbits discuss, among other things, IRS rulings and other announcements, law changes, court decisions and tactics that trim taxes for this year and even future ones.

Publisher: AccountingWEB
Date: 2020-02-26T14:59:42 00:00
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New Spousal Support Changes for Dependent Spouses in 2020 | Doylestown, PA Patch

On December 28, 2018, new Pennsylvania spousal support changes and APL guidelines were issued that took effect on January 1, 2019. Litigants and lawyers both need to understand the new Pennsylvania Guidelines. If it is time for an award of support, everyone who gets or pays spousal support (or alimony pendente lite, "APL") will be affected by the change to the support rules.

Since 1980, a dependent spouse can get support from the income superior spouse during the pendency of the divorce called alimony pendente lite (APL). There are some limits as to the length of time and in some cases, the dependent spouse will not qualify. In most cases, however, when a married couple is separated, spousal support applies; if a divorce is pending, APL applies regardless of the claim that the recipient is at fault.

Publisher: Doylestown, PA Patch
Date: 2020-02-26T15:24:23-05:00
Author: One of your neighbors posted in Neighbor Posts Click through to read what they have to say The views expressed in this post are the author s own
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Room Tax Rift | Local News | Bend | The Source Weekly - Bend, Oregon

D ata from market research firm AirDNA reveals that the City of Bend may not be getting all the tax dollars it's entitled to from vacation rental operators.

AirDNA listed 1,411 active rentals on Airbnb or VRBO within Bend city limits as of last month. Eighty-five percent, or 1,200, are reported as whole-house rentals. City of Bend data provided to the Source Weekly through a public records request in November revealed that the City was collecting transient room tax from just 965 properties—meaning the owners of hundreds of properties may not be reporting their rental incomes to the City of Bend, nor paying the required transient room taxes.

Publisher: The Source Weekly - Bend
Date: 2020-02-26 14:00:00
Author: Laurel Brauns
Twitter: @sourceweekly
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Are we entering a new era of farming? | Letters | Environment | The Guardian

There is no disagreement that farming is a risky enterprise, needing good forward planning and security, and with climate change this will get worse. Having farmed under the transitional arrangements, with arable area and hill subsidies still in place, some sort of transition will still be necessary and a fallback, either through tax regulations or a form of "agrilite" subsidy support mechanism, will help farmers in the transition.

All parts of the UK can benefit from more environmentally friendly farming practices, but to succeed the regulations must be less intrusive and not dilute much of the good work, done by the UK and EU in partnership, on reducing the input of agricultural chemicals, and on water and air quality
Chris Jones
(Nature reserve manager) , Biddenham, Bedford

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Publisher: the Guardian
Date: 2020-02-26T17:45:48.000Z
Author: Letters
Twitter: @guardian
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