Nexsen Pruet, PLLC

Do you sponsor a tax-qualified retirement plan that was pre-approved by the IRS? If so, pre-approved documents take one of two forms. - One is a prototype plan that uses a checklist-type Adoption Agreement and is paired…more

In 2002, after corporate fraud at Enron led to the company's collapse, Congress passed the Sarbanes-Oxley Act (SOX). Under SOX's main whistleblower protection provision, an employee of a publicly traded company who claims…more

Details from Each Chamber - HOUSE: The House worked through the calendar this week, breaking for a Joint Assembly Wednesday to hear Chief Justice Toal give her annual State of the Judiciary Address. The bulk of the…more

The Internal Revenue Service recently published final regulations under Section 83 of the tax code. These regulations deal with the timing for taxation for grants of property (e.g., stock) that are subject to…more

What's New - The Google Policy Fellowship is now accepting applications for the 2014 fellowship in North America and Latin America. It offers undergraduate, graduate, and law students interested in Internet and…more

Employers often use waivers and releases of claims in agreements with former employees, either as part of a separation agreement at the time employment ends or in a settlement agreement after a former employee has raised claims…more

A recent holding by the North Carolina Court of Appeals is threatening to render many long-term express warranties ineffective. In a divided opinion in Christie v. Hartley Construction, Inc., the court held that the…more

The Internal Revenue Service has announced that beginning as early as January 1, 2015, taxpayers will be limited to one IRA rollover in any 12-month period, regardless of the number of IRAs owned. (See Announcement 2014-15)…more

Details from Each Chamber - HOUSE: The House worked through their calendar this week. The House met in a Joint Assembly with the Senate on Wednesday to hear Lt. Governor McConnell's address on the State's Aging…more

This week, the U.S. Supreme Court confirmed that severance pay is subject to FICA tax. There had been uncertainty about whether FICA taxes were due on severance payments following disparate circuit court rulings in two…more

Details from Each Chamber: HOUSE - The House moved through the Calendar this week, focusing much of their time debating H. 4223, the "South Carolina Pain Capable Unborn Child Protection Act". The bill, which bans…more

Details from Each Chamber - HOUSE: The House began budget negotiations this week, eventually giving a third reading to the Appropriations Bill H. 4701 and the Capital Reserve Fund Bill H. 4702 on Wednesday morning…more

Many employers require that applicants pass a pre-employment medical exam to ensure they are physically capable of doing the job. Employers should be aware that pre-employment medical exams, while not categorically barred, could…more

As physicians search for new revenue streams in response to declining reimbursement and additional administrative complexity, a new law passed in 2013 should provide added flexibility and time to expand practices through the use…more

What's New - Yesterday, the South Carolina Supreme Court heard oral arguments in a suit that was filed by the South Carolina Hospital Association, the South Carolina Health Care Association, and others against the South…more