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Results: 1-10 of 24

Section 204(h) and lump sum guidance issued for defined benefit plans

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • November 7 2007

On November 6, 2007, the Internal Revenue Service addressed (through a posting on its website) whether an ERISA section 204(h) notice is required in 2007 for certain defined benefit plan amendments required by the Pension Protection Act of 2006

403(b) salary reduction agreement defined for FICA purposes

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • November 26 2007

On November 15, 2007, the Treasury and Internal Revenue Service published final regulations defining section 403(b) 'salary reduction agreements' for FICA purposes

IRS provides limited relief and additional guidance under Code Section 409A - full analysis

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • September 14 2007

A Legal Alert that we sent out on September 11, 2007 contained a high level summary of Notice 2007-78 (the "Notice"), which provides limited additional relief and guidance with respect to nonqualified deferred compensation plans under section 409A of the Internal Revenue Code

FATCA proposed legislation enacted as part of HIRE Act

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • March 18 2010

On March 18, 2010, the President signed into law the Hiring Incentives for Restoring Employment Act (H.R. 2847) (“HIRE Act”), which incorporated the anti-avoidance revenue provisions previously contained in the proposed Foreign Account Tax Compliance Act (“FATCA”

DOL issues 403(b) guidance

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • July 25 2007

In conjunction with the publication of final tax regulations under Section 403(b), the Labor Department has issued a field assistance bulletin considering the interaction of ERISA with these final regulations

IRS provides temporary relief for IRA cross-collateralization agreements

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • December 14 2011

In Announcement 2011-81 (December 12, 2011), the Internal Revenue Service granted temporary relief for an indemnity, security interest or other cross-collateralization agreement provided by an individual retirement account owner in circumstances similar to those addressed in U.S. Department of Labor Advisory Opinion 2009-03A and Advisory Opinion 2011-09A

Supreme Court holds Chevron deference applicable to “interpretive” regulations

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • January 26 2011

The U.S. Supreme Court’s recent decision in Mayo Found. for Medical Education and Research v. United States (January 11, 2011), on the standard of deference for judicial review of “interpretive” tax regulations, will inform both the future regulation-writing process for and challenges to employee benefit and executive compensation tax regulations

IRS extends and expands relief, seeks comments on Puerto Rico plans and group trusts

  • Sutherland Asbill & Brennan LLP
  • -
  • Puerto Rico, USA
  • -
  • January 4 2012

IRS Notice 2012-6, to be published on January 17, 2012, extends and expands the transition relief provided under Rev. Rul. 2011-1 and Rev. Rul. 2008-40 for certain retirement plans that qualify under the Puerto Rico Internal Revenue Code and group trusts holding investments by such Puerto Rico-qualified plans

IRS announces Section 409A compliance program for discounted stock options

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • February 12 2007

In Announcement 2007-18, the Internal Revenue Service (IRS) introduced a compliance resolution program that will permit employers to pay the additional taxes employees have incurred under section 409A of the Internal Revenue Code (the Code) as a result of exercising discounted stock options and stock appreciation rights during 2006

New worker classification procedures affect IRSDOL compliance and enforcement efforts

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • September 26 2011

On September 21, 2011, the Internal Revenue Service (IRS) introduced its new Voluntary Classification Settlement Program (VCSP), which provides meaningful tax relief for employers that agree to prospectively reclassify as employees workers previously treated as independent contractors