Seyfarth Synopsis: Buried deep within the $1.9 trillion American Rescue Plan Act of 2021, signed into law on March 11, 2021, are several provisions related to tax credits that may help private employers with fewer than 500...more
Seyfarth Synopsis: On January 19, 2021, the Internal Revenue Service (“IRS”) issued guidance (the “Guidance”) in accordance with the recently enacted COVID-related Tax Relief Act of 2020 (the “Act”) extending the payment...more
Seyfarth Synopsis: On August 28, 2020, the Internal Revenue Service (“IRS”) issued guidance (the “Guidance”) to implement the payroll tax withholding and payment deferral provided for in President Trump’s Presidential...more
Seyfarth Synopsis: On August 8, 2020, President Trump issued an Executive Order and three Memoranda to his Cabinet and Executive Agency heads (collectively, the “Executive Orders”) that provide or extend COVID-19 relief to...more
8/11/2020
/ Coronavirus/COVID-19 ,
Eviction ,
Executive Orders ,
Infectious Diseases ,
Moratorium ,
Payroll Taxes ,
Relief Measures ,
Social Security ,
Student Loans ,
Tax Deferral ,
Trump Administration ,
Unemployment Benefits
Seyfarth Synopsis: As employers look for ways to help employees impacted by the current pandemic, one option to consider is permitting employees to donate their accrued, but unused paid time off (PTO) to fellow employees in...more
Seyfarth Synopsis: The Families First Coronavirus Response Act (“FFCRA” or the “Act”) continues to evolve as we march closer to the Act’s April 1, 2020 effective date. Most recently, the Senate passed H.R. 748, its...more
The Senate just approved H.R. 6201, the Families First Coronavirus Response Act, including the "technical corrections" passed March 16 in the House. The legislation will soon go to the President for signature. We summarized...more
3/23/2020
Seyfarth Synopsis: As reported in Part II of our “Paid Leave and Coronavirus” series, the U. S. House of Representatives (the “House”) passed the Families First Coronavirus Response Act (“HR 6201” or the “Bill”) in the early...more
Seyfarth Synopsis: As the country continues to adjust to new realities created by the 2019 Novel Coronavirus disease, also known as COVID-19, the U. S. House of Representatives passed the Families First Coronavirus Response...more
3/17/2020
/ China ,
Coronavirus/COVID-19 ,
Crisis Management ,
Emergency Management Plans ,
Employer Liability Issues ,
Family and Medical Leave Act (FMLA) ,
Health and Safety ,
Infectious Diseases ,
Legislative Agendas ,
Paid Time Off (PTO) ,
Public Health ,
Sick Leave ,
Sick Pay ,
Trump Administration ,
Wage and Hour ,
Workplace Safety
Seyfarth Synopisis: Illinois recently enacted legislation that changes the rules for withholding income tax from non-resident employees. The new rules replace the current, somewhat more complicated rules with a more...more
Illinois recently enacted legislation that offers significant benefits to delinquent taxpayers and corporations doing business in Illinois. The new legislation phases out the Illinois franchise tax over a four year period...more
7/31/2019
/ Corporate Taxes ,
Foreign Corporations ,
Franchise Taxes ,
Income Taxes ,
License Fees ,
New Legislation ,
State and Local Government ,
Tax Amnesty ,
Tax Debt ,
Tax Planning ,
Tax Reform
Seyfarth Synopsis: The new Tax Act prohibits employers from deducting payments to individuals alleging sexual harassment or sexual abuse if the settlement or payment requires the Claimant to execute a nondisclosure agreement....more
This is the fifth issue in a planned series of alerts designed to provide an in-depth analysis on topics related to tax reform.
On December 15, 2017, Congressional Leaders announced that the conferees appointed by both...more
12/21/2017
/ Compensation & Benefits ,
Executive Compensation ,
Fringe Benefits ,
Legislative Agendas ,
Pending Legislation ,
Section 162(m) ,
Settlement ,
Sexual Harassment ,
Tax Deductions ,
Tax Rates ,
Tax Reform ,
Trump Administration
We’ve long known that California law does not treat Labor Code Section 203 penalties as “wages.” Earlier this year, the IRS published its view on how to treat those penalties (often referred to as “waiting time penalties” or...more