Proposed Regulations published by the Treasury Department last month provide helpful clarifications regarding the application of the excise tax under Section 4960 of the Internal Revenue Code of 1986, as amended (the “Code”)....more
Tax-exempt employers whose 403(b) plans have failed to comply with the “once in, always in” eligibility rule in the past should be well on their way to compliance by now. IRS Notice 2018-95 granted limited relief from this...more
IRS Notice 2019-09 provides guidance intended to help “applicable tax-exempt employers” determine whether compensation paid to their most highly compensated employees will be subject to the 21 percent excise tax imposed under...more
3/28/2019
/ Controlled Groups ,
Covered Employees ,
Employee Benefits ,
Excise Tax ,
Executive Compensation ,
Golden Parachutes ,
Highly Compensated Employees ,
Interim Guidance ,
Internal Revenue Code (IRC) ,
IRS ,
New Rules ,
Severance Pay ,
Tax Cuts and Jobs Act ,
Tax Exempt Entities ,
Wage and Hour
Corporate entities under common control are generally treated as a single employer for purposes of applying the core rules that govern employee benefit plans and executive compensation arrangements. For that reason, a...more
2/20/2018
/ 501(c)(3) ,
Anti-Abuse Rule ,
Bylaws ,
Churches ,
Controlled Groups ,
Defined Benefit Plans ,
Defined Contribution Plans ,
Employee Benefits ,
Equity Plans ,
Executive Compensation ,
IRS ,
IRS Commissioner ,
MEWAs ,
Parent Corporation ,
Pension Funds ,
Plan Administrators ,
Retirement Plan ,
Single Entity Rule ,
Subsidiaries ,
Tax Exempt Entities ,
Treasury Regulations