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Results: 1-8 of 8

Federal government seeks Supreme Court review of quality stores decision excluding severance payments from FICA

  • McGuireWoods LLP
  • -
  • USA
  • -
  • June 7 2013

On May 31, 2013, the federal government, after requesting two extensions, filed its long-awaited petition for writ of certiorari seeking U.S. Supreme

IRS to increase worker classifications cases referred by States

  • McGuireWoods LLP
  • -
  • USA
  • -
  • May 16 2013

Under memoranda of understanding (MOUs) that IRS has with 37 states, IRS and state workforce agencies (SWAs) are permitted to: (1) exchange audit

Common Cause challenges American Legislative Exchange Council's tax-exempt status using whistleblower provisions

  • McGuireWoods LLP
  • -
  • USA
  • -
  • May 4 2012

Using the whistleblower provisions of the Internal Revenue Code of 1986 (Code or IRC), Common Cause has reported to the IRS what it states is “massive underreporting of lobbying by the American Legislative Exchange Council” (ALEC

IRS reopens Offshore Voluntary Disclosure Program for U.S. persons with undisclosed foreign financial accounts

  • McGuireWoods LLP
  • -
  • USA
  • -
  • January 10 2012

On January 9, 2012, the Internal Revenue Service (IRS) announced another opportunity for U.S. taxpayers to voluntarily inform the IRS of previously undisclosed foreign financial accounts in hopes of avoiding criminal prosecution and to reduce civil penalties

IRS announces new voluntary program for resolving worker classification issues

  • McGuireWoods LLP
  • -
  • USA
  • -
  • September 21 2011

Classifying a worker as an independent contractor can be costly if IRS is successful in reclassifying that worker as an employee

IRS and DOL sign MOU to address worker classification

  • McGuireWoods LLP
  • -
  • USA
  • -
  • September 20 2011

IRS and DOL each have a stake in preventing the misclassification of workers as independent contractors, rather than employees

IRS to impose trust fund recovery penalty on payroll service providers

  • McGuireWoods LLP
  • -
  • USA
  • -
  • July 12 2011

According to a memorandum issued by the IRS Small BusinessSelf-Employed Division (SBSE), the Trust Fund Recovery Penalty (TFRP) under Internal Revenue Code (IRC) Section 6672 may be imposed against third-party payers, such as payroll service providers (PSP) and professional employer organizations (PEO), that fail to pay over to the IRS withheld payroll taxes

New guidance regarding FBARs and offshore voluntary disclosure initiative

  • McGuireWoods LLP
  • -
  • USA
  • -
  • June 21 2011

The Treasury Department and Internal Revenue Service (together, Treasury) have recently provided U.S. taxpayers additional guidance regarding the terms and deadlines for filing the Form TD 90.22-1 (FBAR) and for participating in the 2011 Offshore Voluntary Disclosure Initiative (OVDI