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ORBA ALERTS

Illinois Tax Alert

Thursday, December 22, 2011

Illinois Governor Pat Quinn signed legislation December 16th which significantly cuts the tax burdens of three large employers and extends a menu of modest relief options for several other business taxpayers.

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Plan Amendment Alert

Tuesday, December 6, 2011

WRERA provided a temporary waiver of required minimum distributions (RMD’s) for 2009.

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Retirement Plan Annual Filing Alert

Tuesday, December 6, 2011

The Internal Revenue Service (IRS) requires plan sponsors to annually report individuals that remain in your retirement plan after termination of employment and have a vested benefit or an account balance in your retirement plan.

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Retirement Plan Fee Disclosure Alert

Tuesday, December 6, 2011

The Department of Labor (DOL) released new rules, which require employers to disclose information about retirement plan and investment costs to workers who direct their own investments in ERISA-covered 401(k) plans and other individual account retirement plans.

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IRS Voluntary Settlement Program

Friday, October 21, 2011

If you have clients that have significant exposure in the area of worker classification, or in other words, independent contractors that are really employees, consider the following information. As with any voluntary disclosure program, taxpayers should carefully deliberate the risks and rewards involved.

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A complete list of older alert items is available in the Alerts Archive.

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Located in downtown Chicago, Ostrow Reisin Berk & Abrams is a full-service accounting, tax and business consulting firm serving privately-held companies, individuals and nonprofit organizations. As CPAs, our directors have decades of experience with accounting and assurance, business advisory services, estate planning, financial planning, fraud investigation, tax, litigation and mergers and acquisitions. More importantly, our clients get that experience first hand, as ORBA’s directors have some of the highest levels of direct client involvement in the industry.

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