Labor & Employment Law, Tax Law, Transportation Law

What's Happening in Business Aviation? May 2013

by Burns & Levinson LLP on 5/22/2013

This edition of the Burns & Levinson Business Aviation Report covers new developments in the following areas of business aviation: • Rentals from leasing aircraft may be subject to the new 3.8 percent tax on net...more

Treasury Releases “Green Book” of Obama Administration FY 2014 Tax Priorities

by Mary Burke Baker, Michael W. Evans, Andrés Gil, Karishma Shah Page, Stefanos Roulakis, Ryan J. Severson | K&L Gates LLP on 4/18/2013

On April 10, the Treasury Department released its “General Explanations of the Administration’s Fiscal Year 2014 Revenue Proposals.” Known as the “Green Book,” the document provides an explanation of the Administration’s FY...more

Aircraft Terminal Charge And SIFL Mileage Rates Issued For First Half Of 2013

by Rena Pirsos | XpertHR - Partnered with LexisNexis on 3/11/2013

The US Department of Transportation has released the terminal charge and standard industry fare level (SIFL) mileage rates for the first half of 2013. These rates are revised semiannually and are used by the Internal Revenue...more

IRS Provides Administrative Guidance On Excludable Transportation Benefit Limits, Retroactively Increased As Of January 1, 2012

by Randall I. Cherkas, Michael Kadlec, Andrew J. Rudolph | Pepper Hamilton LLP on 1/25/2013

On January 16, 2013, the Internal Revenue Service (IRS) issued Notice 2013-8 providing a special administrative procedure for employers with respect to 2012 transit benefits. Under Section 132(f) of the Internal Revenue Code...more

Employers Can Obtain Refund for Excess FICA Tax Paid as Result of Increased Excludable Limit for Transit Benefits

by Maureen O'Brien, Ruth Wimer | McDermott Will & Emery on 1/23/2013

On January 11, 2013, the Internal Revenue Service published Notice 2013-8 providing a special administrative procedure for employers with respect to 2012 transit pass benefits. The American Taxpayer Relief Act retroactively...more

IRS Guidance on Retroactive Increase in Qualified Transportation Benefits

by Ropes & Gray LLP on 1/21/2013

The IRS has released guidance to address employers’ questions about the retroactive increase in the monthly income exclusion for certain transportation benefits enacted as part of the American Taxpayer Relief Act of 2012 on...more

Update on Fiscal Cliff Commuter Tax Benefits

by Patricia Moran | Mintz Levin - Employment, Labor & Benefits on 1/14/2013

On January 4, we blogged about the American Taxpayer Relief Act of 2012’s (the “Act”) increases in the pre-tax contribution that commuters may make towards van pools as well as transit passes....more

New York Publishes MTA Payroll Tax Protective Refund Claim Procedures

by Morgan Lewis on 10/18/2012

Refund claims for employers should be filed on or before November 2, 2012. On October 17, the New York State Department of Taxation and Finance (Department) published guidance regarding the procedures for taxpayers to...more

Potential Refund Claims: New York MTA Payroll Tax Held Unconstitutional

by Morgan Lewis on 10/3/2012

Taxpayers should act now to protect refund claims based on the New York Supreme Court's recent determination that the MTA Payroll Tax is unconstitutional. On August 22, the New York State Supreme Court held that the New...more

Transportation, Distribution & Logistics Alert - November 2011

by McNees Wallace & Nurick LLC on 11/22/2011

IN THIS ISSUE: IRS Provides Taxpayers with the Opportunity to Reclassify Independent Contractors with Reduced Tax Liability By Kelley E. Kaufman Companies’ improper classification of workers as independent...more

Legal Alert: Qualified Transportation Benefit Increases

by FordHarrison on 2/23/2009

The American Recovery and Reinvestment Act of 2009 (the "Act"), which was signed by President Obama on February 17, 2009, made many significant changes to the Internal Revenue Code (the "Code"), but one change that has so far...more

Employee Benefits Alert: New Benefit Available to Bicycle Commuters in 2009

by Mintz Levin - Employment, Labor & Benefits on 12/5/2008

The Energy Improvement and Extension Act of 2008, signed into law on October 3, 2008 (the “Act”),1 creates a new fringe benefit for bicycle commuters effective January 1, 2009. Under the Internal Revenue Code’s “fringe...more