Publications

4 Facts about Medicare that All Employers Should Know

Medicare is a government-funded health insurance program for elderly and disabled individuals.  Employers that offer group health insurance plans to their employees have an interest in learning how employees’ entitlement to Medicare benefits can affect the administration of those plans. This article discusses the coordination of benefits between the two plans.  In other words, it […]

The Drought Is Over: Recent Legislation Affecting Retirement Plans

BENJAMIN F. SPATER and SUSAN QUINTANAR, May, 2018   New legislation provides several significant modifications affecting retirement plans, effectively eliminating the legislative drought experienced in recent years. Bipartisan Budget Act of 2018 (the “Act”) Hardship Withdrawals Effective for plan years beginning after December 31, 2018, the Act liberalizes the hardship withdrawals provisions for plans that include […]

IRS Issues FAQs Clarifying New Employer Tax Credit for Paid Family and Medical Leave

JENNIFER D. TRUONG, May, 2018   In December 2017, the Tax Cuts and Jobs Act (the “Act”) created a federal tax credit for certain employers offering paid family and medical leave in 2018 and 2019. After much anticipation, the IRS finally posted a set of FAQs on April 9, 2018, clarifying the new tax credit. Background […]

Tax-Exempt Organizations Face New Tax Penalty on Excess Compensation — Due Diligence and Minimization

J. MARC FOSSE and SERENA AISENMAN, February, 2018   The “Tax Cuts and Jobs Act” added a new 21% tax penalty on “excess compensation” paid by most tax-exempt organizations to their top-five highest compensated employees. The penalty is found under section 4960 of the Internal Revenue Code (the “Code”) and it ties the amount of the […]

DOL Announces April 1, 2018 Applicability Date for Final Rule Amending Claims Procedure for Disability Benefits

YATINDRA PANDYA, February, 2018   On January 5, 2018, the Department of Labor (DOL) announced April 1, 2018, as the applicability date for the final rule which revises regulations governing disability benefit claims (the “Final Rule”). Published in the Federal Register on December 19, 2016, the Final Rule revised the claims regulations governing disability benefits […]

Providing Certain Fringe Benefits Now Results in UBIT for Tax-Exempt Organizations

FREEMAN L. LEVINRAD, February, 2018   The Tax Cuts and Jobs Act (the “Act”) contains a provision that requires tax-exempt organizations to recognize unrelated business income tax (UBIT) on certain fringe benefits offered to their employees. This change became effective January 1, 2018. It is important for tax-exempt organizations to understand how and why these fringe […]