On January 16, 2025, the IRS issued proposed regulations under Section 162(m) of the Internal Revenue Code of 1986 (the “Code”), which limit the amount of compensation a publicly held corporation may deduct for wages paid to...more
1/21/2025
/ Compensation & Benefits ,
Corporate Counsel ,
Corporate Governance ,
Employee Benefits ,
Highly Compensated Employees ,
Internal Revenue Code (IRC) ,
IRS ,
Proposed Rules ,
Publicly-Traded Companies ,
Section 162(m) ,
Tax Deductions ,
Tax Planning ,
Tax Reform
The IRS recently published two notices which describe the tax treatment of amounts paid for condoms and expand the list of preventive care benefits permitted to be provided by a high deductible health plan (HDHP) without...more
11/18/2024
/ Birth Control ,
Compensation & Benefits ,
Contraceptive Coverage Mandate ,
Employee Benefits ,
Flexible Spending Accounts ,
HDHP ,
Health Insurance ,
Health Savings Accounts ,
Healthcare ,
Internal Revenue Code (IRC) ,
IRS ,
Medical Expenses ,
Over The Counter Drugs (OTC) ,
Reproductive Healthcare Issues
Recently HHS issued a memorandum announcing the maximum annual limitation on cost sharing (a/k/a out-of-pocket maximum) for 2026 and the IRS issued Rev. Proc. 2024-40 announcing the cost-of-living adjustments to certain...more
11/18/2024
/ Compensation & Benefits ,
Cost-Sharing ,
Department of Health and Human Services (HHS) ,
Employee Benefits ,
Employer Group Health Plans ,
Flexible Spending Accounts ,
Fringe Benefits ,
Health and Welfare Plans ,
Health Insurance ,
Healthcare ,
Internal Revenue Code (IRC) ,
IRS ,
Out-of-Pocket Expenses