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Results: 1-10 of 68

P.L. 86-27-who? Virginia Tax Commissioner determines single employee creates nexus
  • Eversheds Sutherland (US) LLP
  • USA
  • November 26 2013

The Virginia Tax Commissioner found that a corporation with a single employee in Virginia who conducted work-related activities from a Home Office


MTC drafts model statute for wage withholding on mobile workers
  • Eversheds Sutherland (US) LLP
  • USA
  • January 19 2010

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


Automatic contribution arrangements proposed regulations
  • Eversheds Sutherland (US) LLP
  • USA
  • November 9 2007

On November 8, 2007, the Internal Revenue Service released proposed regulations (the “Proposed Regulations”) relating to automatic contribution arrangements


IRS implements information reporting for employer-owned life insurance
  • Eversheds Sutherland (US) LLP
  • USA
  • November 19 2007

On November 13, 2007, the Treasury Department and Internal Revenue Service published in the Federal Register temporary and proposed regulations implementing information reporting requirements for employer-owned life insurance, enacted in the Pension Protection Act of 2006


IRS announces Section 409A compliance program for discounted stock options
  • Eversheds Sutherland (US) 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


403(b) salary reduction agreement defined for FICA purposes
  • Eversheds Sutherland (US) 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 publishes 403(b) model plan, orphan contract guidance
  • Eversheds Sutherland (US) LLP
  • USA
  • November 28 2007

On November 27, 2007, the Internal Revenue Service released Revenue Procedure 2007-71, elaborating in certain respects the final section 403(b) regulations published in July


IRS rules on Section 419 funds utilizing cash value life insurance
  • Eversheds Sutherland (US) LLP
  • USA
  • October 22 2007

On October 17, 2007, the Internal Revenue Service issued a revenue ruling taking the position that an employer’s contribution to a welfare benefit fund may not be deductible, in whole or in part, under section 419 to the extent the fund pays premiums on cash value life insurance policies


IRS Notice 2007-86 provides general extension of 409A transition relief through 2008
  • Eversheds Sutherland (US) LLP
  • USA
  • October 23 2007

In response to comments from the ABA Tax Section, benefits industry organizations, and law firms that the limited Internal Revenue Code section 409A transition relief for 2008 provided in September was inadequate, the IRS yesterday issued Notice 2007-86 (the “Notice”


Section 204(h) and lump sum guidance issued for defined benefit plans
  • Eversheds Sutherland (US) 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