For the third consecutive year, the IRS has published guidance that offers some relief to taxpayers covered by the “10-year rule” for required minimum distributions (RMDs) from inherited IRAs or other defined contribution plans. But the IRS also indicated in Notice 2024-35 that forthcoming final regulations for the rule will apply for the purposes of determining ... Read More ›
According to the Association of Certified Fraud Examiners’ (ACFE’s) Occupational Fraud 2024: A Report to the Nations, not-for-profits suffer roughly half the median loss per fraud scheme of for-profit businesses and government entities — $76,000 vs. $150,000. That may sound like good news, except for the fact that most nonprofits are on tight budgets and ... Read More ›
The Donna A. Hubert Memorial Scholarship Fund offers an annual renewable scholarship for women interested in pursuing a career in accounting. This scholarship was created by the Partners and Principals of Legacy Professionals LLP to honor Donna’s contributions to the Firm and the accounting industry. Education is the gift that lasts a lifetime, and through ... Read More ›