A company’s treatment of bonus accruals may create IRS audit exposure for accrual method taxpayers. Under IRC Sec. 446, bonuses must meet an “all events test” to be accrued at year-end. The all events test… read more
Metropolitan Corporate Counsel, July 5, 2010 By: Dennis Minich Almost six years have passed since the nonqualified deferred compensation plan rules were enacted by the American Jobs Creation Act of 2004. The Act created new… read more
In December we featured an article on ROTH IRA conversions that covered the basics of conversion. This article discusses life after that conversion, including the benefits of annual conversions. All taxpayers are eligible… read more
As an employee of a corporation, what would you rather receive – stock options or restricted stock? The answer depends on many factors such as the potential change in the price of the company’s stock and the number… read more
In a set of proposed regulations and rulings, the Treasury Department and the Internal Revenue Service (IRS) have reduced the regulatory burdens for retirement plans and made it easier for retirees to choose retirement benefits… read more
Beginning with 2012, the aggregate cost of employer-sponsored health coverage must be reported on Form W-2 issued to an employee (on the Forms W-2 issued in January 2013). The aggregate reportable cost is reported on Form… read more