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While we all know that employers are required to withhold taxes from employees' pay, it's been unclear in California how that applies to settlements.

The IRS recently has reminded plan sponsors to verify and document that hardship distributions comply with their plan document and the law, according to a recent posting by IRS Director of Employee Plans Examinations Monika Templeman on the IRS website, "Examination Tips for Hardship Distributions."

On January 1, 2013, Congress approved the American Taxpayer Relief Act of 2012, the bill designed to avert the so-called "fiscal cliff."

Amanda Haverstick posted a new blog on Forbes.com discussing the Supreme Court's decision to review the case of U.S. v. Quality Stores Inc.—in which the Sixth Circuit ruled that severance payments made to involuntarily laid off employees are not subject to FICA tax.

Acknowledging "numerous unanticipated administrative and financial burdens," the IRS officially revoked its earlier attempt to lower the 2018 health savings account (HSA) contribution limits.

Tax-exempt employers face a matrix of tax and disclosure issues in designing an appropriate supplement retirement program.

The U.S. Department of Labor recently announced that it too will interpret the term "spouse" as including a same-sex spouse legally married in any state or foreign jurisdiction that recognizes the marriage, even if the couple resides in a state that does not permit or recognize same-sex marriage, for purposes of ERISA, the Internal Revenue Code and governing DOL regulations.

The need to take a "hardship distribution" is not uncommon for many people involved in a divorce.

On Friday, December 8, 2023, the Internal Revenue Service issued Revenue Procedure 2024-8, which contains a new list of qualified census tracts for single family Mortgage Revenue Bonds...

A prominent mandate of the New Jersey, New York City, and New York State action plans is the leveraging of Sandy CDBG grants with other federal programs and private funds.

Today the Pennsylvania Supreme Court issued a 59 page decision on a personal income tax issue. If you practice tax law, which I do not, the case will be of interest to you.

For individuals who must pay alimony, not being able to deduct alimony payments can be a substantial and expensive change and may lead to an even more contentious divorce.

The California Franchise Tax Board has issued a legal ruling that describes the circumstances in which taxpayers may claim the OSTC against income tax or a deduction for state taxes paid to another state.

Democrats have proposed a bill to tax carried interests at ordinary income rates.

As anticipated in our earlier post, Country-by-Country (CbC) reporting is finally here! On Wednesday, the US Department of the Treasury released final regulations for CbC reporting, effective June 30, 2016.

On April 28, 2011, New Jersey Governor Chris Christie signed into law Senate Bill No. 2753 (the "Bill").

On June 22, 2004, Richard Scruggs expanded his class action litigation against nonprofit hospitals. After targeting thirteen nonprofit hospitals in eight different states two weeks ago, Scruggs has now extended his assault against tax-exempt hospitals in Arizona, Colorado, Illinois, Missouri, and Texas.