Stay updated with breaking news from Timing Rule. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
For an employee who is a U.S. taxpayer, both the employer and the employee are liable for a portion of Social Security taxes and Medicare taxes (collectively referred to as “FICA”...
In what appears to have been an update to previously released guidance, the Department of Treasury (the “Treasury”) and Internal Revenue Service (the “IRS”) posted an unexpected update...
On April 4, 2023, the Department of Treasury (the “Treasury”) and Internal Revenue Service (the “IRS”) issued Notice 2023-29 (the “Notice”) providing guidance on the energy community...
Twenty years ago this month the Enron Corporation imploded in spectacular fashion and declared bankruptcy. In the weeks leading up to its bankruptcy filing, over 100 highly compensated...
Tuesday, February 2, 2021 Treasury”) and the Internal Revenue Service (“ IRS”) published in the Final Regulations”) interpreting the excise tax under Section 4960 of the Internal Revenue Code on certain executive compensation paid by tax-exempt organizations. The Final Regulations maintain most of the concepts from the interim guidance (Notice 2019-09 (the “ Proposed Regulations”), discussed here), with a few changes. The Final Regulations became effective January 15, 2021, but they will apply only for tax years that start after December 31, 2021. Until then: Taxpa...