On May 18, 2021, the Internal Revenue Service (IRS) released Notice 2021-31 (the “Notice”) providing guidance in Q&A format on the application of the temporary COBRA premium assistance provisions of the American Rescue Plan...more
Section 162(m) of the Internal Revenue Code of 1986 (as amended, the “Code”) imposes a $1 million deductibility limit on compensation paid by “publicly held corporations” to “covered employees.” As reported in our previous...more
1/11/2021
/ Compensation & Benefits ,
Corporate Taxes ,
Covered Employees ,
Executive Compensation ,
Final Rules ,
Grandfathering Rules ,
IRS ,
Privately Held Corporations ,
Publicly-Traded Companies ,
Remuneration ,
Section 162(m) ,
Tax Cuts and Jobs Act ,
Tax Deductions
The Internal Revenue Service (IRS) on November 6, 2019 announced the following cost of living inflation adjusted dollar limits applicable to tax-qualified plans and other benefit plans for 2020...more
11/8/2019
/ 401k ,
403(b) Plans ,
457(b) Plans ,
Compensation & Benefits ,
Contribution Limits ,
Defined Benefit Plans ,
Defined Contribution Plans ,
Employee Benefits ,
ESOP ,
Flexible Spending Accounts ,
Fringe Benefits ,
Health Savings Accounts ,
IRS ,
Retirement Plan ,
Social Security ,
Tax Planning
On December 15, 2017, the House and Senate conference committee agreed on the terms of the final tax reform bill, previously referred to as the “Tax Cuts and Jobs Act” (the “Act”), which was subsequently approved by both...more
1/9/2018
/ Affordable Care Act ,
Bicycles ,
Business Expenses ,
Business Taxes ,
Commuting ,
Compensation ,
Corporate Taxes ,
Employee Relocations ,
Equity Grants ,
Fringe Benefits ,
Incentive Awards ,
Income Taxes ,
Individual Retirement Account (IRA) ,
Inflation Adjustments ,
Internal Revenue Code (IRC) ,
IRS ,
New Legislation ,
Reimbursements ,
Retirement Plan ,
Roth Conversions ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Exemptions ,
Tax Reform ,
Transportation Expenses ,
Trump Administration
If you read one thing...
- The IRS has issued new guidance on midyear changes to a safe harbor plan under Code Sections 401(k) and 401(m) that addresses the requirement that plan provisions generally must remain in...more