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Results: 1-10 of 38

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 to publish Section 457 guidance
  • Sutherland Asbill & Brennan LLP
  • USA
  • July 24 2007

The Internal Revenue Service and the Treasury have announced their intention to publish guidance under Section 457 applicable to nonqualified deferred compensation plans of state and local governments and tax-exempt entities concerning the definitions of a bona fide severance pay plan under Section 457(e)(11) and substantial risk of forfeiture under Section 457(f)(1)(B


IRS proposes comprehensive cafeteria plan regulations
  • Sutherland Asbill & Brennan LLP
  • USA
  • August 7 2007

Since Internal Revenue Code (“Code”) section 125 was enacted and cafeteria plans were first made available in 1978, the Internal Revenue Service has issued a grab bag of proposed regulations under Code section 125 but issued final regulations only for rules governing mid-year election changes (Treas. Reg. 1.125-4) and coordination of family medical leave with cafeteria plan coverage (Treas. Reg. 1.125-3


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


IRS provides limited additional relief under IRC 409A
  • Sutherland Asbill & Brennan LLP
  • USA
  • September 11 2007

On September 10, 2007, Treasury and the IRS released Notice 2007-78 (the "Notice"), providing additional time - until December 31, 2008 - to adopt amendments that document compliance with the requirements of Internal Revenue Code section 409A for nonqualified deferred compensation 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


Ho-ho-hold the tax reporting: IRS further delays tax reporting for compliant deferred compensation
  • Sutherland Asbill & Brennan LLP
  • USA
  • December 11 2008

On December 10, 2008, the IRS issued Notice 2008-115, which provides that tax reporting for 2008 will not be required for deferrals of compensation under nonqualified deferred compensation arrangements that comply with 409A of the Internal Revenue Code


MTC drafts model statute for wage withholding on mobile workers
  • Sutherland Asbill & Brennan LLP
  • USA
  • January 19 2010

The Multistate Tax Commission (MTC) Income and Franchise Tax Uniformity Subcommittee is considering a "Draft Model Mobile Workforce Statute."


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”


New Jersey’s telecommuter nexus
  • Sutherland Asbill & Brennan LLP
  • USA
  • April 13 2010

As if New Jersey did not already have enough of an image problem, it can now add annoyed telecommuters, and the businesses that employ them, to the list of reasons for the state's less than stellar reputation