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Much has been written about the new CARES Act distribution that allows impacted COVID-19 participants to access up to $100,000 in their tax-qualified defined contribution plan penalty-free and with income taxes...

Once the President declared the COVID-19 pandemic a national emergency on March 13, 2020, in addition to opening access to billions of federal dollars, it also allowed employersto offer financial...

The charitable contributions at issue were made by Hob-Lob LP, which in turn owns more than 99% of Hobby Lobby Stores, Inc.

Despite the soaring summer temperatures in the deserts of Nevada, it appears that hell has finally frozen over in the Silver State.

Last week, House Republicans released an initial draft of their tax reform bill, the Tax Cuts and Jobs Act...

This week on Legal Visionaries our host Mary Vandenack and her guest, Mike Weaver, Managing Member at Vandenack Weaver discuss some techniques using trusts that business owners should consider when selling.

Late last week, the Internal Revenue Service (IRS) issued guidance on Section 603 of the SECURE 2.0 Act with respect to catch-up contributions. The guidance includes a two-year administrative...

The Internal Revenue Service (IRS) has released the 2014 version of Form 8839 (Qualified Adoption Expenses), as well as updated instructions.

Groom Law Group associate David Block discusses his experience practicing at a boutique employee benefits law firm, where he tackles cutting-edge tax issues while building strong professional relationships. The article explores how this specialized environment enables attorneys to work on highly technical matters early in their careers while benefiting from close collaboration and mentorship.

Prior to the enactment of the Tax Increase Prevention Act of 2014, mass transit commuters were only able to contribute a maximum of $130 per month on a pre-tax basis toward their transit expenses.

In a Frequently Asked Question ("FAQ"), the Departments of Health & Human Services, Labor, and the Treasury (the "Departments") stated that group health plans are not required to comply with the Summary of Benefits and Coverage and Uniform Glossary requirement until final regulations are issued.

Employers considering President Trump's plan to allow deferred payment of payroll taxes face a series of costs, uncertainties and headaches. The president wants employers

The Small Business Jobs Act of 2010 added a provision that 401(k) plans that have a Roth deferral option can permit in-plan conversions of non-Roth funds to the Roth account.

On October 18, 2022, the Internal Revenue Service announced cost-of-living adjustments to the applicable dollar limits for certain account-based health and welfare plans...

The New Jersey Department of Labor and Workforce Development ("NJDOL") has issued a new 6-page notice regarding an employer’s obligation to maintain and report records on wages, benefits, taxes, and other contributions and assessments pursuant to state wage, benefit, and tax laws.

The "Families First Corona Response Act" ("FFCRA") signed into law on March 18, 2020, requires employers with 500 or fewer workers to provide up to two weeks of sick leave at full pay up to a $511-per-day cap...

In the latest installment of our Payroll Brass Tax podcast series, Victoria Vish (shareholder, Dallas) and Stephen Kenney (associate, Dallas) discuss the implications of the recently signed "One Big Beautiful Bill,"...

President Joe Biden focused on work-related initiatives in his third State of the Union speech. He proposed raising $500 billion over the next decade by establishing a minimum 25% income tax...