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Results: 1-10 of 150

IRS Chief Counsel Memorandum clarifies that correction of Section 409A failures in year of vesting will not shield income inclusion under 409A
  • Proskauer Rose LLP
  • USA
  • May 13 2015

Earlier this month, the Office of Chief Counsel of the Internal Revenue Service released a Memorandum clarifying the impact of a correction of a Code


Changes to the IRS Determination Letter program
  • Proskauer Rose LLP
  • USA
  • May 13 2015

The IRS has informally stated that it is intending to make some significant changes to the Determination Letter program, and is even considering


FINRA Chairman: SEC should lead on uniform fiduciary standard
  • Proskauer Rose LLP
  • USA
  • May 8 2015

On May 1, 2015, Richard Ketchum, Chairman and CEO of the Financial Industry Regulatory Authority ("FINRA"), reaffirmed his support for a uniform


IRS relaxes correction requirements for elective deferral (but not after-tax contribution) failures under EPCRS
  • Proskauer Rose LLP
  • USA
  • April 6 2015

Less than a week after issuing significant modifications to the Employee Plans Compliance Resolution System (EPCRS) (as described in our March 31


IRS modifies EPCRS guidelines, requests comments on overpayment correction
  • Proskauer Rose LLP
  • USA
  • March 31 2015

On March 27, 2015, the Internal Revenue Service (IRS) released Revenue Procedure 2015-27, which modifies, effective July 1, 2015, prior guidelines


IRS releases final forms and instructions for Affordable Care Act reporting
  • Proskauer Rose LLP
  • USA
  • March 20 2015

In February 2015, the IRS released final forms and instructions related to information reporting under the Affordable Care Act (the "ACA"). These


IRS releases first guidance on ACA’s so-called "Cadillac Tax"
  • Proskauer Rose LLP
  • USA
  • March 4 2015

Last week, the IRS released Notice 2015-16, available here, in an effort to begin developing regulatory guidance for the Affordable Care Act's excise


White House budget recommends elimination of in-plan Roth rollovers of after-tax contributions
  • Proskauer Rose LLP
  • USA
  • February 26 2015

As reported here, the Internal Revenue Code currently permits a plan design that allows plan participants to convert non-Roth after-tax contributions


IRS clarifies prior guidance on premium reimbursement arrangements; provides limited relief
  • Proskauer Rose LLP
  • USA
  • February 23 2015

Continuing its focus on so-called “premium reimbursement” or “employer payment plans”, the Internal Revenue Service (IRS) released IRS Notice 2015-17


Deja-vu all over again: Congress once again retroactively increases mass transit benefit limits
  • Proskauer Rose LLP
  • USA
  • January 15 2015

Prior to the enactment of the Tax Increase Prevention Act of 2014 ("TIPA") in December 2014, effective for 2014, mass transit commuters were only