The Bottom Line The CARES Act offers a number of tax benefits for both individuals and businesses with the aim to enhance taxpayer cash flow for 2020.Both classes of taxpayers need to pay close attention to these tax provisions as a number of them will have an immediate impact on both personal and Continue Reading
IRS Defers Tax Payment and Filing Obligations Due to the Coronavirus Pandemic
The Bottom Line The IRS has deferred income tax payments and income tax filings from the original deadline of April 15, 2020 to July 15, 2020.The deferral applies to income tax payments for 2019 and the first quarter estimated income tax payment for 2020, which for individuals, includes taxes on Continue Reading
Supreme Court Rules “Amazon” / “Nexus” Taxes Are Permissible
The Bottom Line The Supreme Court’s Wayfair decision confirmed that states may collect sales tax on internet sales between consumers and retailers who don’t have a physical presence in the state.In anticipation of a flurry of related legislation, online retailers, marketing affiliates and all Continue Reading
Corporate Synergies® The Current Event | Legal Update: How the New Tax Code, Paid Leave & the ACA are Disrupting Benefits
Alan Hahn, Davis+Gilbert Benefits + Compensation partner and Co-Chair, will speak during a keynote discussion titled “Legal Update: How the New Tax Code, Paid Leave & the ACA are Disrupting Benefits,” at a forum sponsored by Corporate Synergies, taking place in New York City on June Continue Reading
Crystal & Company Webinar | Implications of Recent Federal Tax and Budget Legislation on Employer – Sponsored Benefit Programs
Alan Hahn, Davis+Gilbert Benefits + Compensation Co-Chair, will speak during a Crystal & Company webinar titled "Implications of Recent Federal Tax and Budget Legislation on Employer Benefit Programs" taking place at 3:00 p.m. EST on June 6. Session Overview This webinar will cover how Continue Reading
Crystal & Company Webinar | Implications of Recent Federal Tax and Budget Legislation on Employer – Sponsored Benefit Programs
Alan Hahn, Davis+Gilbert Benefits + Compensation Co-Chair, will speak during a Crystal & Company webinar titled "Implications of Recent Federal Tax and Budget Legislation on Employer Benefit Programs" taking place at 2:00 p.m. EST on April 17. Session Overview This webinar will cover how Continue Reading
Tax Reform Eliminated Deductions for Confidential Sexual Harassment Settlements
The Bottom Line The TCJA now prohibits employers from taking business deductions for confidential settlements or payments related to sexual harassment or sexual abuse claims. Consulting counsel early on is critical, as this new law could increase the complexity and costs of such settlements. Continue Reading
IRS Begins Issuing ACA Penalty Notices to Employers
The Bottom Line The IRS has started enforcing penalties under the ACA, and ALEs and their staff should be on the lookout for a possible ESRP notice. If an ALE receives a notice, it should reach out to its ERISA counsel immediately and begin reviewing its IRS Forms 1094-C and 1095-C. Any ALE that Continue Reading