DOL Offers 401(k) Fiduciaries a Safer Path to Alternative Assets
A proposed rule from the Department of Labor would let 401(k) fiduciaries offer alternative assets if they document a prudent process on key risks.

Federal law bars Texas from imposing franchise taxes on
Washington state’s income tax on high earners met its first court challenge alleging it’s an illegal tax on property Thursday, two weeks after its enactment.
Negotiations in Congress to expand the state and local tax deduction likely won’t happen until the boosted tax break expires through 2029, Rep.
Maine’s Democratic-led legislature approved a budget bill (LD 2212) Thursday that would apply a 2% surtax on annual incomes over $1 million, marking the latest state to target high earners to raise revenue.

A challenge to a Hawaii cruise ship fee will allow the Ninth Circuit to consider whether the federal government can participate in a case involving state taxing powers.

The Virginia Governor signed a law that includes providing notice requirements for the sale of real estate that is valued, assessed, and taxed by a locality under a special assessment ...
The Virginia Governor signed a law that amends §58.1-3818 of the Code of Virginia, authorizing counties to levy a tax of up to 10 percent on admissions charged for attendance ...
The Virginia Governor signed a law that amends the Code of Virginia to enhance tourism improvement districts by defining tourism entities, establishing requirements for administering nonprofits, and authorizing additional transient ...
A proposed rule from the Department of Labor would let 401(k) fiduciaries offer alternative assets if they document a prudent process on key risks.
This week, experts examined the IRS R&D credit form, the “EU Inc.” bill, and more.
The US Tax Code’s Reconstruction-era ban on home distilling is unconstitutional and can’t be enforced, a federal appeals court ruled Friday.
The IRS’s partnership with the private sector to help taxpayers file returns for free is seeing a 4% bump and is expected to surge in the tax season’s last weeks, the program’s leader said.
The war in Iran is prompting states across the country to consider temporarily cutting fuel taxes, a relief measure that could cost them millions of dollars.
US consumer sentiment fell in recent weeks to a record low, indicating Americans’ increasing worries about mounting inflation due to the Iran war.
Federal law bars Texas from imposing franchise taxes on
A challenge to a Hawaii cruise ship fee will allow the Ninth Circuit to consider whether the federal government can participate in a case involving state taxing powers.
Congress returns this week to tackle a daunting list of priorities, including fiscal 2026 appropriations for the Department of Homeland Security and additional funding for immigration enforcement and defense.
An investment company ousted from a group formed to take a slice of
The in-house legal hiring market has changed dramatically over the past several years, with many in-house employers, relying heavily on behavioral interviews to evaluate candidates.
Wise Plc said it’s on track to get its primary listing shifted from London to Nasdaq next month, as the money transfer company’s key fourth-quarter earnings figure beat analyst expectations. Shares rallied.
Retail-trading apps that got famous for “democratizing finance” with free trades, fractional shares and meme stocks are going elite.
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