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Results: 1-10 of 27

IRS might audit 200 nonprofits' "Top Hat" deferred compensation plans
  • Bricker & Eckler LLP
  • USA
  • December 19 2013

In late August and early September, the IRS sent compliance check questionnaires to 200 tax-exempt entities that sponsor nonqualified deferred


FICA tax: is it necessary to pay FICA taxes for summer employees?
  • Bricker & Eckler LLP
  • USA
  • June 6 2008

The Federal Insurance Contributions Act (“FICA”) provides for a tax on wages which consists of two parts: Old Age and Survivors Disability Insurance (“Social Security”) and Hospital Insurance (“Medicare”


Expectations for 2010 in taxation of tax-exempt organizations
  • Bricker & Eckler LLP
  • USA
  • January 28 2010

In 2010, the Internal Revenue Service (IRS) will randomly select approximately 500 exempt organizations for examination as the Exempt Organizations (EO) unit at the Service participates for the first time in the agency-wide National Research Program, with employment taxation as the focus


Executive compensation: IRS announces changes in substantial risk of forfeiture rules
  • Bricker & Eckler LLP
  • USA
  • April 4 2008

Many executives and highly-compensated employees of tax-exempt and governmental employers are making elective deferrals to plans known as 457(f) plans or participate in non-qualified excess benefit plans or SERPs


Personal liability for taxes
  • Bricker & Eckler LLP
  • USA
  • April 18 2014

Recently, Entrepreneur Magazine ran a worthwhile article on the issue of personal liability for taxes. As the magazine noted, running a business does


Section 409A in a nutshell
  • Bricker & Eckler LLP
  • USA
  • May 16 2008

Compensation subject to Section 409A may result in additional tax and interest to the employee, including an obligation on the part of the employer to report that the compensation is subject to such additional tax and interest, unless (i) the compensation does not constitute, or is excepted from the definition of, a "deferral of compensation" or (ii) payment of the compensation complies with Section 409A


Correction period for 409A timing failures for release agreements expires December 31, 2012
  • Bricker & Eckler LLP
  • USA
  • October 22 2012

Many types of employment-related agreements condition the receipt of payment upon termination of employment upon the execution and delivery of a non-revocable waiver and release of claims


IRS exploring initial contract exception’s impact on executive compensation of tax-exempts
  • Bricker & Eckler LLP
  • USA
  • July 30 2009

According to a July 1 statement by Lois Lerner, director of Exempt Organizations at the IRS, the IRS is exploring how the initial contract exception might be affecting the use of comparable salary information when it comes to setting executive compensation


Holiday gifts that keep on giving... to Uncle Sam
  • Bricker & Eckler LLP
  • USA
  • December 17 2007

Companies often show their appreciation for their employees’ hard work throughout the year by presenting them with small holiday gifts


IRS rules to be proposed on new Type III supporting organizations
  • Bricker & Eckler LLP
  • USA
  • September 26 2007

The Pension Protection Act of 2006 (the “PPA”) established a classification system for supporting organizations (“SOs”