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Fox Rothschild LLP | USA | 15 Feb 2011

Internal Revenue Service announces second voluntary disclosure program for offshore bank accounts and international tax evasion

On Feb 8, 2011, the IRS announced the 2011 Offshore Voluntary Disclosure Initiative (OVDI 2011), which follows on the significant level of disclosures made in response to the 2009 Offshore Voluntary Disclosure Program (OVDP 2009).


Fox Rothschild LLP | USA | 26 Oct 2010

Two items of note with regard to plan loans

In late September 2010, the Financial Accounting Standards Board (FASB) approved its position that participant loans from defined contribution plans (profit sharing, 401(k) and money purchase pension plans) should be classified, for financial reporting purposes, as receivables.


Fox Rothschild LLP | USA | 18 Mar 2010

OCR's HITECH Act rulemaking and implementation update

On March 15, 2010, the Office of Civil Rights of the Department of Health and Human Services published an update on their rulemaking and enforcement efforts under the HITECH Act.


Fox Rothschild LLP | USA | 7 Dec 2009

ICE undertakes 1,000 new Form I-9 audits

On November 19, 2009, the Department of Homeland Security’s Immigration and Customs Enforcement agency ("ICE") Assistant Secretary John Morton announced that his agency issued Notices of Inspection (NOIs) to 1,000 employers across the country associated with critical infrastructure.

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