On April 9, 2020, the IRS released Notice 2020-23, which postpones (automatically, without the need for the taxpayer to file for an extension) numerous federal tax deadlines until July 15, 2020, provided that the deadline...more
On March 25, 2020, the Internal Revenue Service (the “IRS”) released the People First Initiative as part of its ongoing effort to provide relief to taxpayers impacted by COVID-19. The People First Initiative grants taxpayers...more
A U.S. District Court issued a ruling on March 28 that affects pension liabilities for private equity funds and their portfolio companies. Taken further, the ruling potentially changes fundamental rules for tax-qualified...more
4/7/2016
/ 401k ,
Commercial Bankruptcy ,
Controlled Groups ,
Employee Retirement Income Security Act (ERISA) ,
Internal Revenue Code (IRC) ,
Investment Portfolios ,
Joint and Several Liability ,
Joint Venture ,
Multiemployer Plan ,
Pensions ,
Popular ,
Private Equity Funds ,
Sun Capital Partners ,
Withdrawal Liability
A Department of Labor (“DOL”) official recently disclosed a new DOL investigation initiative focusing on the adequacy of defined benefit plan procedures to locate and pay out benefits to terminated vested participants. The...more
3/22/2016
/ Benefit Plan Sponsors ,
Breach of Duty ,
Corporate Counsel ,
Defined Contribution Plans ,
Department of Labor (DOL) ,
Duty of Prudence ,
Fiduciary Duty ,
Forfeiture ,
IRS ,
Plan Participants ,
Popular ,
Recordkeeping Requirements ,
Vested Benefits