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The 1% excise tax on certain stock buy-back transactions (the Excise Tax) that was enacted as part of the Inflation Reduction Act of 2022 (IRA) went into effect on January 1, 2023. You...

On December 28, 2022, the Treasury Department and the IRS issued proposed regulations (the “Proposed Regulations”) on the treatment of qualified foreign pension funds (“QFPFs”) for...

SECURE 2.0 was signed into law on December 29, 2022 making it important for plan sponsors and plan administrators to familiarize themselves with the new rules. The changes include correction of retirement plan overpayments and Expansion of EPCRS Self-Correction Program.

As part of our ongoing series on SECURE 2.0, this post discusses three significant changes to corrections of common retirement plan errors: (1) New rules for correcting overpayments...

As part of our ongoing series on SECURE 2.0, this post discusses three significant changes to corrections of common retirement plan errors: (1) New rules for correcting overpayments,...

Jeopardy, i dont view the foreign situation as creating any big legal jeopardy. i mean the editorial there, that, you know, he had massive lost carry-forwards, which he used under u.s. law, and they may not have been available to him in those other countries, so to me, the main area was that -- [ audio difficulty ]. >> so unless i look through the returns line by line, i wont give any opinions whether he broke the law. the last point, real quick, you have tax owed, which is simply using the laws...

With the holidays in full swing and less than one week remaining in 2022, we wanted to pass along a few compensation income tax related stocking stuffer reminders in connection...

Exercising nonstatutory stock option in 2022 will mean gain will be included in 2022 taxable income. Initial elections to defer future compensation under 409A need to be irrevocably implemented before relevant tax year. Transactions effected in 2022 may be rescinded.

With the holidays in full swing and less than one week remaining in 2022, we wanted to pass along a few compensation income tax related stocking…

With the holidays in full swing and less than one week remaining in 2022, we wanted to pass along a few compensation income tax related stocking stuffer reminders in connection with the...