Archive for IRS SmartBlogs
The Foreign Account Tax Compliance Act, commonly known as FATCA, has been called everything from “America’s manifest destiny law” to an “American tax nightmare.”
The ultimate goal of FATCA, enacted in 2010, is to enable the IRS to extend its information-gathering powers on a global scale. It combats offshore tax evasion in two distinct ways:
- by requiring U.S.
Advisers need to proactively review clients’ annuities that are within individual retirement accounts to avoid “traps” by ensuring required minimum distributions are being taken properly, said Jeffrey Levine of Ed Slott and Co.
IRA or Roth rules trump annuity rules when an annuity is within an IRA, Levine explained Monday at the National Association of Insurance and Financial Advisors’ Career Conference and Annual Meeting in San Diego.[…] Continue Reading »
Whose name you might see if you’re ever in space; why companies are chopping benefits; and why the U.S. might not adopt IFRS.
It’s all in this week’s top five most-clicked links in SmartBrief for CFOs:
Why never agreeing to an initial compromise helps negotiations with the IRS; how to use managers to effectively engage employees; and how to avoid uncomfortable confrontations when giving team assignments.
It’s all in this past week’s most clicked links in SmartBrief for CFOs:
- 7 errors to avoid when setting goals for your team
- How to negotiate with the IRS
- 12 signs your employees are engaged in their work
- IRS page seeks to make taxes a laughing matter
- Saudi Arabia to build first mile-high building
Image credit: narvikk, via iStock Photo
SmartBrief’s Linsey Isaacs contributed to this post.[…] Continue Reading »