Now that 2021 is here, corporations should be aware of IRS reporting requirements regarding certain 2020 stock transactions with their employees.
Section 6039 of the Internal Revenue Code of 1986, as amended (the...more
On August 28, 2020, the IRS issued Notice 2020-65 (the “Notice”) to provide guidance with respect to the Memorandum on Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster, issued by President Trump to...more
On May 12, 2020, the Internal Revenue Service issued Notice 2020-29, which allows employers to make temporary changes to section 125 cafeteria plans. The permitted changes include giving employees more flexibility to make...more
Due to the rapid spread of COVID-19, the Internal Revenue Service has issued Notice 2020-15 (the “Notice”) to provide relief for high deductible health plans (“HDHPs”) with respect to providing health benefits associated with...more
Following Hurricane Harvey and its resulting destruction, many employees are in need of financial assistance and/or early access to retirement funds. We will highlight how employers can make direct financial assistance...more
9/8/2017
/ 401k ,
403(b) Plans ,
457(b) Plans ,
Employee Benefits ,
Employer Contributions ,
Hardship Distributions ,
Hurricane Harvey ,
Internal Revenue Code (IRC) ,
IRS ,
Loans ,
Natural Disasters ,
Qualified Disaster Relief Payments ,
Retirement Plan
On June 22, 2016, the IRS finally issued the long-awaited proposed regulations under Internal Revenue Code (“Code”) Section 457. Code Section 457 applies to deferred compensation plans or arrangements of tax-exempt entities...more
7/25/2016
/ 457(b) Plans ,
Death Benefits ,
Deferred Compensation ,
Disability Benefits ,
Early Retirement ,
IRS ,
Retirement Incentives ,
Risk Forfeiture ,
Section 409A ,
Severance Pay ,
Sick Leave ,
State and Local Government ,
Tax Exempt Entities ,
Vacation Leave
On June 22, 2016, the Internal Revenue Service published proposed regulations under Internal Revenue Code Section 409A, which applies to non-qualified deferred compensation plans and arrangements. The proposed regulations are...more