The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) provided temporary unlimited deposit insurance coverage for noninterest-bearing transaction accounts from December 31, 2010 through December 31, 2012. This unlimited coverage was separate from, and in addition to, the insurance coverage provided for a depositor’s other accounts held at an FDIC-insured depository institution.
Effective January ... Read More ›
This article provides an update on information previously reported in our Winter 2012 Issue
In December 2012, the IRS issued Announcement 2012-51 temporarily expanding the VCSP to taxpayers who did not file the required Forms 1099 for the past three years but would otherwise be eligible for the program. Under the temporary eligibility expansion program ... Read More ›