What is a Neutral Accounting Evaluator?

On occasion, parties may have disagreements about complex financial, accounting and tax matters. A neutral accounting evaluator can help to resolve controversies quickly and reduce litigation costs by encouraging direct communication between the parties and offering an early assessment of the case.

The purpose of a neutral accounting evaluator is to assist with case development and the dispute resolution process.

Minnesota Retroactively Conforms to Recent Federal Tax Overhaul (Mostly)

Recently passed Minnesota legislation retroactively changed Minnesota income tax laws to mostly conform with the federal changes from the Tax Cut and Jobs Act.

IRS Expands Self-Correction under EPCRS
The IRS Employee Plans Compliance Resolution System (EPCRS) allows retirement plan sponsors to correct certain plan failures while maintaining their tax status. Recently, the IRS has made changes to EPCRS to expand the plan errors that are allowed to be corrected through the self-correction program. The self-correction program allows plan sponsors to correct certain plan issues without paying user fees or requesting IRS approval.