IFAwebnews » irs

Highmark, West Penn proceed with partnership despite UPMC objections

Jaime L. Brockway — Thu, 03 Nov 2011 09:29:55 +0000

Highmark and the West Penn Allegheny Health System (WPAHS) agreed on a definitive partnership and selected an interim chief executive officer to oversee the implementation of the agreement.

Highmark, West Penn proceed with partnership despite UPMC objections via IFAwebnews.

Colo. health plan owner admits defrauding, embezzling up to 250 clients

Bob Graham — Thu, 27 Oct 2011 15:46:31 +0000

The owner and operator of a Colorado health plan company pleaded guilty to several charges related to his defrauding and embezzling medical benefit clients of up to $7 million.

Colo. health plan owner admits defrauding, embezzling up to 250 clients via IFAwebnews.

Owners can fix misclassification of workers as independent contractors

IFAwebnews Staff — Fri, 23 Sep 2011 10:22:36 +0000

The Internal Revenue Service said it will allow businesses that improperly labeled their employees as independent contractors a chance to reclassify those workers.

Owners can fix misclassification of workers as independent contractors via IFAwebnews.

Temp. agency owners defrauded IRS, insurers by paying workers in cash

Jaime L. Brockway — Tue, 26 Jul 2011 10:40:41 +0000

Two former owners of a Stoughton, Mass.-based temporary employment agency were convicted of paying their employees under the table to avoid paying more than $7 million in taxes and workers' compensation insurance premiums.

Temp. agency owners defrauded IRS, insurers by paying workers in cash via IFAwebnews.

Pa. senators question IRS handling of life settlements

IFAwebnews Staff — Thu, 19 May 2011 13:30:02 +0000

Two senators from Pennsylvania are raising concerns about the federal tax treatment for life insurance policy sales and purchases.

Pa. senators question IRS handling of life settlements via IFAwebnews.

IRS getting serious about ‘off-shoring’ as deadline for action approaches

IFAwebnews Staff — Fri, 22 Apr 2011 13:22:55 +0000

The practice of “off-shoring” income, or placing unreported income into foreign accounts, is drawing increased attention from the Internal Revenue Service, according to an international tax attorney.

IRS getting serious about ‘off-shoring’ as deadline for action approaches via IFAwebnews.

IRS reduces plan advisor user fees

Bob Graham — Wed, 20 Apr 2011 15:17:41 +0000

The Internal Revenue Service has issued new rules separating enrolled retirement plan agent user fees from enrolled agent user fees and lowering the fees charged.

IRS reduces plan advisor user fees via IFAwebnews.

Obama to ‘refuse’ any tax cuts for wealthy, seeks tax code changes

Bob Graham — Wed, 13 Apr 2011 18:52:29 +0000

President Barack Obama, noting the bloated U.S. tax code needs to be reformed to be “fair and simple,” said he will not extend tax cuts to the wealthiest Americans again.

Obama to ‘refuse’ any tax cuts for wealthy, seeks tax code changes via IFAwebnews.

Insurance agent jailed for overstating his business expenses to IRS

Bob Graham — Tue, 05 Apr 2011 19:30:33 +0000

An insurance agent in Hawaii was sentenced to 30 months in prison for filing false Schedule C tax forms by overstating his business expenses for tax years 2003 through 2007.

Insurance agent jailed for overstating his business expenses to IRS via IFAwebnews.

IRS offers employers relief from mandatory PPACA tax reporting

Jaime L. Brockway — Fri, 01 Apr 2011 12:23:37 +0000

Two notices issued by the Internal Revenue Service make abiding by a new business reporting requirement in the health reform law optional until 2013, allowing employers more time to update their payroll systems.

IRS offers employers relief from mandatory PPACA tax reporting via IFAwebnews.