Newsletters

03.27.20

CARES Act Retirement Plan Provisions

The 10% additional tax that generally applies to distributions received prior to age 59-1/2 from IRAs and tax qualified retirement plans (including 401(k) plans) will not apply to any coronavirus-related distribution, provided that such distributions to an individual do not exceed $100,000 in any ...


03.27.20

Employee Retention Tax Credit for Employers Subject to Closure Due to COVID-19

To help employers (including tax-exempt organizations) affected by the COVID-19 pandemic, the Coronavirus Aid, Relief, and Economic Security (CARES) Act (H.R. 748) provides for an employer federal tax credit against the Social Security portion of payroll tax that the employer pays.


03.27.20

Miscellaneous Employee Benefit Provisions of the CARES Act

From March 27 through the end of 2020, employers may use an Internal Revenue Code Section 127 educational expense reimbursement plan to assist employees in repaying their student loans obtained for qualified higher education.


12.20.17

Limitation on Deduction of Executive Compensation in Excess of $1M

The recently enacted Tax Cuts and Jobs Act substantially modifies the limitation on corporate deductibility of executive compensation under Section 162(m) of the Code.


05.23.16

Partners Are Not Employees, Yet

Recently the IRS issued guidance in the form of temporary and proposed regulations clarifying that individuals who are partners in a partnership that itself owns a disregarded entity are not to be treated as employees of the disregarded entity for various tax law purposes.


05.13.16

Take Two: Incentive-Based Payment Arrangements Rule Reappears

For a second time, federal banking regulators are seeking comment on a jointly proposed rule that would impose restrictions on incentive-based pay arrangements.


07.02.15

Ouch! SEC’s Proposed Executive Compensation Clawback Rules Carry a Sting

On July 1, 2015, the Securities and Exchange Commission proposed long-awaited rules to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 mandating any company whose securities are listed on a national securities exchange to adopt and enforce a policy ...


04.30.15

SEC Announces Pay Versus Performance Proposal

On April 29, 2015, the Securities and Exchange Commission announced the long-awaited proposal to disclose the relationship between executive pay and a company’s financial performance (the Pay to Performance Proposal).


10.28.13

Governor Signs Bill Providing Retroactive Tax Relief to Sellers of Qualified Small Business Stock

On October 4, 2013, Governor Brown signed into law California Assembly Bill 1412 (Stats. 2013, ch. 546) (AB 1412), which provides tax relief to those individual taxpayers affected by the decision in Cutler v. Franchise Tax Board, 208 Cal. App. 4th 1247 (2012).


08.30.13

Internal Revenue Service Rules on Tax Treatment of Same-Sex Couples

Following the United States Supreme Court’s recent decision recognizing same-sex marriages [United States v. Windsor, 570 U.S. __, 133 S.Ct. 2675 (2013)], on August 29, 2013, the Internal Revenue Service issued Revenue Ruling 2013-17 and two sets of FAQs addressing the taxation of same-sex ...