IRS has announced that the deadline for filing and payment of federal income taxes extended until May 17, 2021.
IRC Section 162(m): Time to Update Executive Compensation Practices Now
For public companies, the time to update executive compensation practices is now: Final regulations issued under IRC Section 162(m) and ARPA further expands class of covered employees.
March Compliance Deadlines for Retirement and Other Benefit Plans
Compliance deadlines for retirement, health & welfare benefit plans are coming up fast with a few already passed. Use this checklist to track what’s ahead.
Tax on Executive Comp at Tax-Exempt Organizations (Section 4960)
The Treasury & IRS have published final regulations on select aspects of tax on executive comp at tax-exempt organizations (Section 4960)
Executive Compensation IRC Sec 162(m) Regulations Finalized
The IRS & Treasury Dept. have published FINALIZED executive comp IRC Sec. 162(m) guidelines. Here’s what’s changing…
Section 409A Meets 162(m) and Some NQDC Plans May Need to be Amended by December 31
Thank you, Mike Melbinger, for the following in-depth update on a problem no one apparently saw coming. We’ve enclosed below the full text of Mike’s article published on December 2, 2020: “Section 409A Meets 162(m) and Some Deferred Compensation Plans and Agreements May Need to be Amended by December 31,” followed by his additional postscript article published shortly thereafter.
Potential Tax Policy Changes with a New Administration
As we all wait for the dust to finally settle around the 2020 Presidential election, you’ll be interested in this look at potential tax policy changes
IRS Announces Retirement Plan Contribution Limits for 2021
The IRS has published benefit and retirement plan contribution limits for 2021. Notice 2020-79 defines the updated dollar limitations for tax qualified benefit and defined contribution plans. Chart
IRS Guidance on New Retirement Plan Features Under the SECURE Act
The IRS has issued guidance on new retirement plan features under the SECURE Act, specifically related to long-term, part-time employees.
Top Hat Plans: What Executives and Organizations Need to Know…and Why
This past January, the U.S. Government Accountability Office (GAO) published its initial findings after conducting a review of executive retirement plans, specifically, top hat plans. The study came in response to a request filed by U.S. Senators Ron Wyden (Oregon), Bernie Sanders (Vermont), and Patty Murray (Washington).
This article looks at 1.) the GAO’s report; 2.) the final rulings by the U.S. District Court in the class action lawsuit of Berry v Wells Fargo & Co; and, 3.) the implications of both on Top Hat plans in general.
