On March 20, in Announcement 2014-15, the IRS quickly responded stating that it anticipates following the Bobrow decision. The IRS intends to withdraw Proposed Regulation Section 1.408-4(b)(4)(ii) and revise its guidance in Publication 590 to clarify that the rules limiting IRA rollovers to one during a 12 month period should be applied on an aggregate basis. The IRS also pointed out that this one tax-free rollover per each 12 month period rule does not apply to direct IRA trustee-to-trustee transfers.

In a somewhat surprising development, the IRS further announced that the IRS will not apply the holding in the Bobrow case to any rollover that involves an IRA distribution occurring before January 1, 2015.

For more information or questions on this topic, please contact your professional at UHY LLP in Farmington Hills 248 355 1040 or Sterling Heights 586 254 1040 or visit us on the web at www.uhy-us.com. 

Connie Ku Elected to Treasurer of the Asian Pacific American Chamber of Commerce 

Connie Ku, principal of UHY LLP and APACC member of more than seven years, has been elected to treasurer of the Asian Pacific American Chamber of Commerce (APACC). The Chamber was established in the year 2000 and is headquartered in Troy, Michigan. APACC is governed by an 18-member Board of Directors and the operations and programs are supported by membership dues and financial contributions. Their membership is comprised of Fortune 500 corporations, multi-ethnic private business enterprises, small businesses, and corporate professionals in a broad spectrum of industries. APACC is an organization that represents Asian Pacific American businesses that have origins that are either Asians, Pacific Islanders and Subcontinent Asian Ancestry, which includes persons from Burma, Thailand, Malaysia, Indonesia, Singapore, Brunei, Japan, China, Taiwan, Laos, Cambodia, Vietnam, Korea, The Philippines, US Trust Territory of the Pacific Islands, Guam, Samoa, Macao, Hong Kong, Fiji, Tonga, Kiribati, Tuvalu, Nauru, Northern Mariana Islands, India, Pakistan, Bangladesh, Sri Lanka, Bhutan and Nepal.

"I see APACC as the organization that connects the East and West, nurtures adventures into unfamiliar territories and provides opportunities for global success and prosperity," said Ku. "I look forward to being the treasurer of APACC and am grateful for the opportunity to give back to my community and contribute to global integration."

Connie Ku joined UHY LLP in 1999. She is a member of the Audit and Assurance Department where she manages a group of professionals devoted to providing comprehensive tax, audit and business consulting services to companies in a variety of industries. She is also a leading member of the firm's China group. Ku has a Master of Arts degree in Accountancy from Southern Illinois University at Carbondale and Bachelor of Arts degrees in International Accounting and Finance from the International School of Shanghai University. She is also a licensed CPA in the State of Michigan.

Congratulations, Connie!

Experienced Recruiting Update 

UHY wishes to connect with top talent in our Michigan market. We are always on the lookout for professionals with experience in Tax, Audit, Attest, Finance, Fraud and Forensics, Litigation Support and Business Advisory. Be sure to visit our careers page for the most up-to-date career listings or contact Amanda Sheets at asheets@uhy-us.com to learn how we can help you take charge of your career path now.

Do you know a CPA who would like to learn more about the firm and our culture? Please feel free to pass along Amanda's contact information.  

Current Michigan openings include:

Sterling Heights

Tax Manager

Tax Senior

Audit Senior

Forensic Accountant

Farmington Hills

Tax Senior

Sterling Heights or Farmington Hills

Director of Litigation

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