An analysis of whether Bitcoin, and other cryptocurrencies owned prior to relocating to Puerto Rico constitutes “tainted property,” and the significant implications for Act 60 residents whose capital gains may remain subject to US tax.
A proposed rule from the Department of Labor would let 401(k) fiduciaries offer alternative assets if they document a prudent process on key risks.
Treasury and IRS propose rules for “Trump accounts,” covering setup, authorization, and pilot contributions, with further guidance pending.
The new CAMT’s impact survey shows high compliance costs but little effect on corporate tax planning or revenue generation.
Retirement plan recordkeeper security guarantees aren’t a safe harbor: ERISA plan sponsors and fiduciaries should carefully evaluate recordkeeper security guarantees in the context of their legal duties and obligations to plan participants.
The DOL proposed a new rule to simplify independent contractor classification, reverting to a framework similar to the 2021 rule.
Treasury issues new guidance addressing CAMT criticisms, offering relief on a number of issues plaguing CAMT taxpayers while final regulations are pending.
CAMT imposes costly compliance burdens on many firms while raising little revenue.
Section 6435’s fuel tax refund for downstream parties stalls due to appropriation limitations.
Recent Supreme Court decisions emphasize that ERISA fiduciary prudence is determined by a well-documented decision-making process rather than just investment outcomes.
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