by. Todd Berghuis, AscensusA recent U.S. Tax Court ruling has set a lot of heads spinning in the IRA administration world, running counter as it does to more than two decades of IRS guidance. In the case Bobrow v. Commissioner, the Court looked at a situation where the taxpayer, Mr. Bobrow, had made two IRA rollovers within a 12-month period. Each rollover consisted of assets distributed from a different IRA. The Court disallowed Bobrow’s IRA rollover on the grounds that he was limited to one rollover per taxpayer per 12-month period, not one rollover per IRA.Why is this ruling drawing so much attention? Primarily because it runs completely contrary to long-issued guidance provided by the IRS, the very agency that is now advocating this new position without any prior warning. The ability to execute IRA rollovers on a one-per-IRA basis has been described in detail in IRS Publication 590, Individual Retirement Arrangements (IRAs), for at least 20 years, that evidence readily available even now at the IRS’s own web site. It is not conveyed in a mere statement, but in detailed examples provided to explain the sometimes-misunderstood rollover limitations. The IRS’s own model IRA documents, on which millions of IRAs are based, state in their instructions “For more information on IRAs…see Pub. 590…”It is relevant to share the IRS’s own unequivocal guidance on the subject here. Looking back to 1994, the oldest version of Publication 590 posted at the IRS web site, we find the following. “You can take a distribution from an IRA and make a rollover contribution to another IRA only once in any one-year period. … This rule applies separately to each IRA you own. For example, if you have two IRAs, IRA–1 and IRA–2, and you roll over assets of IRA–1 into a new IRA–3, you may also make a rollover from IRA–2 into IRA–3, or into any other IRA within one year after the rollover distribution from IRA–1. These are both rollovers because you have not received more than one distribution from either IRA within one year.” The examples, now even more detailed, continue in Publication 590 up to the most current version. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
The transformer weighed 118,607 lbs (54 tonnes) and measured 22.9 ft x 8.7 ft x 12.6 ft (7 m x 2.7 m x 3.8 m). To move the component, Northwest Crane also utilised Hydra-Slide’s Hydra-Pac synchronous hydraulic power unit, oak timber mats, jacks, and other rigging gear.Jimmy McClung, project manager at Northwest Crane, said: “The site provided very limited access for the work and was sloped significantly. As such, we had to account for the variation in height in our slide track support plans. However, as always, we had to execute each stage of the job one step at a time; our first task was to receive the transformer at the site on third-party trucking equipment.”He continued: “We had to jack it up from the trailer, install the slide track, slide it 50 ft (15.2 m) to align with the pad, jack it up to remove the slide track equipment, and jack the transformer down onto the pad.”www.hydra-slide.com www.northwestcraneservice.com
Christo Williams, OtteryYou will rise from the dustMove out of the shadowsIt’s your time to shineYou will stem roots in the mudGrow tall on uneven groundCape Flats ChildGo higher despite the stormYour dream doesn’t have to die Cape Flats ChildExhale those fumes of unworthiness Life for you is not worthless neither meaningless You can go from the bottom step to centre stageCape Flats ChildYou’ve seen blood flow, all the heroes in your life goIt’s hard to say no when gangsterism, drugs poverty is all you knowCape Flats ChildRemove that label you won’t be part of the status quo Lift your head listen to me, this is not your endCape Flats ChildThey call you many thingsBut today we call you set aside from the rest, you have it in you to do your very bestCape Flats ChildI can you are blessed
Matty Taylor scored a late winner as Oxford United secured their fourth-consecutive victory.Taylor’s turn and shot with just five minutes to go sealed a 2-1 win against Southend United at the Kassam Stadium.The win moves Taylor and co into the League One play-off places.Max O’Leary kept a clean sheet at the Memorial Stadium as Shrewsbury Town overcame Bristol Rovers 1-0.Taylor Moore played the full 90 minutes for managerless Blackpool as they defeated Ipswich Town 2-1 at Bloomfield Road.Elsewhere in League One, Sammie Szmodics started again for Peterborough as they drew 1-1 with Burton and Liam Walsh played the whole game for Coventry on Sunday when they beat fellow high-flyers Sunderland 1-0 at home.In League Two, Johnny Smith scored his ninth league goal of the season for Oldham Athletic as they beat George Nurse’s Newport County 5-0. Tyreeq Bakinson started for Plymouth in a 2-1 loss at Bradford City.In non-league, Robbie Cundy scored his first goal for Torquay in a 2-0 win over Chorley but it was not such a good afternoon for Sam Pearson who played 90 minutes for Bath City who lost 2-0 at Braintree Town.
Session ID: 2020-09-19:e96f2670ad5c6c01820e4373 Player ID: videojs-brightcove-player-95840-4125626824001 OK Close Modal DialogCaption Settings DialogBeginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsDefaultsDoneClose Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Gerry Ahern and Scott Gleeson of USA TODAY Sports look at Iowa and Duke’s wins. Play VideoPlayMuteCurrent Time 0:00/Duration Time 0:00Loaded: 0%0:00Progress: 0%0:00 Progress: 0%Stream TypeLIVERemaining Time -0:00 Playback Rate1ChaptersChaptersdescriptions off, selectedDescriptionssubtitles off, selectedSubtitlescaptions settings, opens captions settings dialogcaptions off, selectedCaptionsAudio TrackFullscreenThis is a modal window. An unanticipated problem was encountered, check back soon and try again Error Code: MEDIA_ERR_UNKNOWN
New Delhi: In modern day cricket, the issue of front foot no-balls has been a contentious issue with the on-field umpires missing several no-balls, be it in any format. This issue has forced the ICC to take cognizance of the matter and all this will change during the India vs West Indies Twenty20 Internationals and ODIs which will begin from December 6 onwards. In a statement released by the ICC, it said the front foot no-ball will be decided by the third umpire and not the on-field officials. The technology to call front foot no balls will be put to trial in it.The statement read, “Throughout the trial, the Third Umpire will be responsible for monitoring every ball bowled and identifying whether there has been any front foot infringement. If there has been an infringement on the front foot, the Third Umpire will communicate this to the On-Field Umpire who will subsequently call a no ball. As a result, the On-Field Umpire will not call a front foot no ball without the advice of the Third Umpire. If a late no ball call is communicated, then the On-Field Umpire will rescind a dismissal (if applicable) and call no ball. The On-Field Umpire will remain responsible for other in-game decisions in the usual way. The outcomes of the trial will be used to gauge whether the system has a beneficial impact on the accuracy of no ball decisions and whether it can be implemented while minimising disruption to the flow of the game.”The decision to make third umpire the adjudicator of front foot no balls was taken in August this year. The system was first trialled in the ODI series between England and Pakistan back in 2016. The ICC decided to test it again after its Cricket Committee recommended its use in as many limited-overs matches as possible.Recently, the IPL match between Royal Challengers Bangalore and Mumbai Indians was poised on a knife-edge with AB de Villiers batting brilliantly. Jasprit Bumrah bowled two brilliant death overs, conceding just five runs in two overs while Lasith Malinga conceded a six in the first ball of the last over. With seven runs needed off one ball, Malinga bowled a low full toss and Shivam Dube, the batsman missed out and Mumbai Indians won the game by six runs to register their first win in this tournament.Also Read | Virat Kohli Makes BIG Announcement, Says Only One Spot Up For GrabsHowever, when the players were shaking hands, replays showed that Malinga had overstepped and this led to sharp criticism regarding the standard of umpiring from both Virat Kohli and Rohit Sharma, the captains of both the franchises. Kohli was furious when he said, “We are playing at the IPL level. It’s not club level, the umpires should have their eyes open. That was a big no-ball. We should have done a better job with the ball after they were seven down. The last few overs were brutal for us. Bit of a mistake from me to take Bumrah on at that time. Bumrah makes a hell of a difference in any team,” Kohli said. For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.