IRS automatically waives estimated tax penalty for eligible 2018 tax filers (August 14, 2019)

The Internal Revenue Service is automatically waiving the estimated tax penalty for the more than 400,000 eligible taxpayers who already filed their 2018 federal income tax returns but did not claim the waiver. The IRS will apply this waiver to tax accounts of all eligible taxpayers, so there is no need to contact the IRS … Continue reading IRS automatically waives estimated tax penalty for eligible 2018 tax filers (August 14, 2019)

HBR Hotlist.2019.08.12: Saying No Without Making Enemies; Making Men into Better Mentors to Women; 3 Traits of Strong Professional Relationships; Making of Great Mentors

Don’t Put a Digital Expert in Charge of Your Digital Transformation, By Nathan Furr, Jur Gaarlandt, Andrew Shipilov: What you need is an expert in organizational change. CONFLICT How to Say “No” at Work Without Making Enemies by Joseph Grenny: Be confident and explain your thinking. HIRING 5 Ways to Respond to Ageism in a … Continue reading HBR Hotlist.2019.08.12: Saying No Without Making Enemies; Making Men into Better Mentors to Women; 3 Traits of Strong Professional Relationships; Making of Great Mentors

Diana Theis: IRA Beneficiary Options: What You Need to Know (Aug. 13, 2019) (Wolters Kluwer)

Diana Theis, Sr. Specialized Consultant at Wolters Kluwer has published her insight, IRA Beneficiary Options: What You Need to Know (Aug. 13, 2019) (Wolters Kluwer). Her article begins as follows: The required minimum distribution (RMD) rules applicable to individual retirement accounts (IRAs) are written in two parts, including distributions before an IRA owner’s death (i.e., … Continue reading Diana Theis: IRA Beneficiary Options: What You Need to Know (Aug. 13, 2019) (Wolters Kluwer)

Schreiber, IRS changes its third-party contact procedures in response to Taxpayer First Act (AICPA)

Sally P. Schreiber reports in the AICPA Tax Advisor that the IRS is changing its third party contact procedures in response to the Taxpayer First Act, in her article, Schreiber, IRS changes its third-party contact procedures in response to Taxpayer First Act (Aug. 6, 2019). Her article begins as follows: The IRS is changing its … Continue reading Schreiber, IRS changes its third-party contact procedures in response to Taxpayer First Act (AICPA)

Kislik, Managing an Underperformer in a Family Business, Harvard Business Review

Liz Kislik, has published her article, Managing an Underperformer in a Family Business on the Harvard Business Review website. Her article begins as follows: In family businesses, leaders sometimes make hiring and staffing decisions based on relationship and obligation as much as on competence and experience. After all, one purpose of these firms is to … Continue reading Kislik, Managing an Underperformer in a Family Business, Harvard Business Review

Individuals with significant tax debt should act promptly to avoid revocation of passports [IRS News Release IR 2019-141]

The Internal Revenue Service today urged taxpayers to resolve their significant tax debts to avoid putting their passports in jeopardy. They should contact the IRS now to avoid delays in their travel plans later. Under the Fixing America’s Surface Transportation (FAST) Act, the IRS notifies the State Department (State) of taxpayers certified as owing a … Continue reading Individuals with significant tax debt should act promptly to avoid revocation of passports [IRS News Release IR 2019-141]

International Law Office Update (8.2.19): Bermuda Insurance Code Conduct Update; Jersey – Z Trusts Judgment; Switzerland – trust arbitration; and UK Inheritance Act Claim Allowed After Statute of Limitations

New code of conduct for insurance brokers and agents, Bermuda - Carey Olsen Bermuda The Bermuda Monetary Authority recently published the Insurance Brokers and Insurance Agents Code of Conduct. The code was developed in consideration of the international standards set by the International Association of Insurance Supervisors and is intended to assist the authority in … Continue reading International Law Office Update (8.2.19): Bermuda Insurance Code Conduct Update; Jersey – Z Trusts Judgment; Switzerland – trust arbitration; and UK Inheritance Act Claim Allowed After Statute of Limitations