Durward James Gehring

Presidential Pulse: 10 Key Ways the Trump Administration May Impact The Way You Do Business in 2017

USA - December 12 2016 Today marks just over a month since Donald Trump was elected as the next President of the United States. As each cabinet appointment is announced, we…

Minh N. Vu, Joseph J Dyer, Dawn M. Lurie, Steven R. Meier, Andrew J. Sherman

IRS Allows Employees to Donate the Value of PTO for Hurricane Harvey Victims

USA - September 6 2017 The IRS has announced a program that allows employees to donate the value of their vacation, sick time, or other paid time off (“PTO”) for the relief…

IRS announces special procedures for correcting overwithholding on same-gender spouse benefit

USA - September 25 2013 On Monday, in Notice 2013-61, the IRS took the next step to implement the Supreme Court's decision in Windsor v. United States striking down the…

Severance payments and FICA - the saga continues

USA - September 19 2012 On September 7, the Court of Appeals for the Sixth Circuit upheld the decision in United States v. Quality Stores, Inc., finding that severance pay is generally not subject to Social Security and Medicare taxes under the Federal Insurance Contributions Act, or FICA.

New commodity pool rules may require immediate action by 401(k) plans

USA - February 21 2013 New regulations adopted in 2012 by the Commodity Futures Trading Commission ("CFTC") may require 401(k) plans that had previously registered as…