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On August 29, 2013, the Internal Revenue Service issued Revenue Ruling 2013-17, under which same-sex couples will be treated as married for all federal tax purposes, including income and gift and estate taxes, if their marriage was legally entered into, regardless of where they reside, even if they reside in a state that does not recognize same-sex marriage.

Revenue Ruling 2025‑15 (available here) provides guidance on withholding and reporting obligations when a plan participant or beneficiary...

Over the past few weeks, Special Agents from IRS Criminal Investigation (IRS-CI), working jointly with the Large Business & International Division (LB & I), have approached numerous participants...

The Internal Revenue Service (IRS) and Department of Labor (DOL) have announced new deadline filing extensions and tax relief measures to individuals and businesses affected by Hurricane Sandy.

Employers offering wellness program rewards should be aware that some medical insurance salespeople are recommending arrangements that fail to comply with applicable law.

By now we have all probably heard that the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, which seeks to pump an estimated $2 trillion into the economy, was signed into law on March 27, 2020.

The IRS recently released a memorandum advising taxpayers on the proper tax characterization of attorney's fee payments in connection with a settlement of or judgment in an employment dispute.

The Internal Revenue Service recently issued final regulations governing "safe harbor" hardship withdrawals from Section 401(k) plans.

Only employers with 20+, full-time employees within New York City are within the purview of this statute.

Before 2020, the IRS had long taken the position that an ESOP, and any other retirement plan for that matter, must be adopted no later than the end of the first tax year in which the employer wished to claim a deduction ...

On May 23, the U.S. House of Representatives passed the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) by a vote of 417 – 3.

In a March 3, 2021 Interim Final Rule ("IFR"), the U.S. Small Business Association ("SBA") recognized that the definition of "payroll costs"...

As you are probably aware, Congress has passed and President Obama has signed the American Taxpayer Relief Act of 2012 (ATRA), which avoided the "fiscal cliff."

Seyfarth Synopsis: On January 19, 2021, the Internal Revenue Service ("IRS") issued guidance (the "Guidance") in accordance with the recently enacted

On August 8, 2020, President Trump issued an executive order calling for a deferral of the employees' portion of the payroll tax (the 6.2% Social Security tax only)

Congress passed the American Taxpayer Relief Act of 2012 on New Year’s Day and the president signed the Act into law the next day.

Extenders for a series of key tax credits aimed at supporting the development of renewable energy generating facilities were passed today by the House 263 to 171 as part of the financial rescue bill, H.R. 1424 (the “Bill”), aimed at addressing the recent credit crisis.

The U.S. Department of the Treasury and the Internal Revenue Service have issued final regulations allowing tax-exempt entities that are partners in clean energy projects to elect to receive energy tax credits in cash.