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All Children's Sued Over Retirement Plans Investment Options (1)
5+ hour, 4+ min ago (124+ words) news. bloombergtax. com All Children's Health System Inc. filled its retirement plans with underperforming target-date funds and more expensive shares of mutual funds, resulting in "massive lost earnings" to investors in violation of federal benefits law, according to a new…...
Trump Fails to Ditch Elections Order Lawsuits Ahead of Midterms
8+ hour, 5+ min ago (302+ words) Challenges to President Donald Trump's executive order on mail-in voting can proceed ahead of the November elections, a federal judge ruled. The executive order requires certain actions be taken before the midterms, now less than five months away, Judge Indira…...
BDO Defeats Ex-Partner's Claim It Underpaid Retirement Benefits
7+ hour, 33+ min ago (120+ words) news. bloombergtax. com BDO USA PC prevailed over a former partner seeking $262, 000 in retirement benefits he said the company owed after he initially retired in 2019 but continued working for the tax services firm as a full-time managing director until the…...
All Children's Sued Over Target-Date Funds in Retirement Plans
5+ hour, 31+ min ago (125+ words) news. bloombergtax. com All Children's Health System Inc. filled its retirement plans with underperforming target-date funds and more expensive shares of mutual funds, resulting in "massive lost earnings" to investors in violation of federal benefits law, according to a new…...
Coca-Cola, IRS Face Off in Tax Appeal With Huge Stakes for Both
16+ hour, 41+ min ago (837+ words) A lot is on the line in Coca-Cola Co. s big court battle against the IRS. For the company: as much as $20 billion. For the IRS: how much leeway it will have in pursuing multinational companies. The beverage giant and…...
IRS Signals Rules, Transitional Guidance for Opportunity Zones
1+ day, 2+ hour ago (110+ words) news. bloombergtax. com The IRS intends to issue proposed rules as well as transitional guidance regarding the designation of qualified opportunity zones eligible for tax breaks under the Republicans" 2025 tax and spending law. The notice issued Thursday (Notice 2026-40) clarifies that…...
Vet Pride Will Keep $91 Million Air Force Operations Contract
1+ day, 3+ hour ago (115+ words) news. bloombergtax. com Vet Pride-EMI Maintenance Solutions LLC can move forward with a $91 million contract to support US Air Force primary training ranges, the GAO said in a decision released Thursday. Altus Technology Solutions couldn't show in its protest that…...
California Justices Deny Review of Oakland Zoo Funding Measure
1+ day, 4+ hour ago (99+ words) news. bloombergtax. com A measure that Oakland, Calif. , voters approved to fund the local zoo with a flat property tax will stand after a taxpayer watchdog group failed to convince the California Supreme Court to review the initiative. In March,…...
GOP State Officials Urge High Court Corporate Disclosure Review
1+ day, 2+ hour ago (96+ words) news. bloombergtax. com More than two dozen Republican attorneys general are asking the US Supreme Court to take up a case challenging the constitutionality of the Corporate Transparency Act. The law requires many companies to report their beneficial owners to…...
Colombia Seeks Shield for Multinationals From Global Minimum Tax
1+ day, 3+ hour ago (84+ words) news. bloombergtax. com Colombia wants to join the US in having its companies exempted from part of the 15% global minimum tax that dozens of countries have already adopted. The country has submitted a formal request for a carve-out to the…...