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Legal experts from Groom Law Group examine whether mandatory contributions to retirement plans fall under the Internal Revenue Code Section 415 annual additions limit, clarifying the distinction between this limit and the Section 402(g) elective deferral limit. The analysis explores which types of contributions are excluded from annual additions calculations and how mandatory contributions are specifically treated under current tax law.

The Massachusetts Department of Revenue finalized its Technical Information Release regarding the tax implications of same-sex marriage in Massachusetts. While the Release focuses primarily on issues concerning personal tax items (e.g., joint tax returns and estate taxes), the Release does address certain employee benefit issues.

The due dates for many tax returns were changed in an unlikely vehicle — the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015.

If the pending federal tax legislation is approved and a reduced corporate tax rate becomes effective January 1, 2018, then corporations should consider whether the timing of a bonus payment ...

The global COVID-19 pandemic has fundamentally transformed how many of us live our lives. One of the most notable developments, perhaps, is how the outbreak has radically...

The ITC is a controversial topic. Arguably, and while this is probably not a popular opinion among readers of this page, the 30% ITC may have run its (very successful!) course.

The IRS issued Notice 2014-39 this week clarifying the effect of sequestration on section 1603 grant awards.

The American Jobs Creation Act of 2004 (the "Jobs Act"), which was signed by the President on October 22, 2004, includes far-reaching changes to the tax laws governing nonqualified deferred compensation. Last month, we sent out a brief Legal Alert describing these changes.

Under Section 501(r) of the Internal Revenue Code, the proposed rules issued in June 2012 require exempt hospitals to implement a financial assistance policy.

Legislation was introduced on January 23 that would adopt a click-thru nexus standard in Tennessee.

The speculative builder tax is imposed on the sale of "improved real property" if the improved real property is sold prior to completion or before the expiration of 24 months after the improvements are substantially complete.

Many not-for-profit organizations may be impacted by new policies coming from the Federal government as a result of the 2016 election.

Beginning January 1, 2016, all organizations that have a statutory exemption from the payment of Alabama sales, use or lodgings taxes...

IRS chief counsel advised in a recent memorandum, ILM 201517006 (October 9, 2014), that an MLP incentive distribution right (IDR) restructuring was not a taxable exchange.

On November 20, 2017, the Senate Finance Committee released legislative text of its version of the Tax Cuts and Jobs Act, which contains proposals modifying certain executive compensation provisions..

Congress is set to return from the August recess on Sept. 8 to a full agenda that includes big tax priorities such as extending expired tax provisions and attempting international tax reform.

The Tax Court has concluded in "Averyt v. Commissioner" that the actual deed conveying a conservation easement to a charitable organization constituted a contemporaneous written acknowledgement.