Worker Misclassification: Getting Right with the IRS

About a year ago, I wrote an article on Virginia’s new initiative to address worker misclassification regarding employment and income taxes. The Virginia program is an enforcement initiative backed by substantial penalties. Nationally, the IRS has a Voluntary Classification Settlement… Read more

Neil V. Birkhoff
Principal

September 15, 2022 | Labor & Employment | Tax

IRS Announces Another Compliance (Audit) Pilot Program. Oh joy!

In the June 3, 2022, issue of the IRS Employee Plans News, the IRS Employee Plans group announced it is piloting a pre-examination retirement plan compliance program beginning in June 2022. Under this program, the IRS will notify a plan… Read more

Neil V. Birkhoff
Principal

June 6, 2022 | ERISA & Employee Benefits | Tax

Virginia Tax Department Focus on Worker Misclassification

Introduction to the New Initiative Effective January 1, 2021, Virginia’s General Assembly added several new provisions to the Virginia Tax Code, Title 58.1 of the Code of Virginia (the “Code”), to address concerns raised by the Virginia Department of Taxation… Read more

Neil V. Birkhoff
Principal

August 23, 2021 | Tax

Like-Kind Property Exchanges Under the 2017 Tax Act

IRS Releases Proposed Regulations to Clarify Rules On Thursday, June 11, 2020, the IRS released proposed rules to clarify the 2017 Tax Act’s limit on the kinds of property that can be traded for other property with no immediate income tax… Read more

Neil V. Birkhoff
Principal

June 11, 2020 | Tax

Paycheck Protection Loan Borrowers Should Consider Funding 401(k) and other Defined Contribution Retirement Plans Now (Coronavirus and the Law)

During times of economic strain, many companies will be faced with a decision to reduce or defer payments of employee benefit costs. Many companies around the country have applied for an SBA Paycheck Protection Program (PPP) loan to obtain needed… Read more

Fourd Kemper
Principal

April 16, 2020 | COVID-19 Legal Updates | Employee Benefits | Tax

New Temporary Regulations Entitle Employees to Keep Group Healthcare Benefits During COVID-19 Leave (Coronavirus and the Law)

The Department of Labor issued temporary regulations describing the requirements for group health plan coverage of employees who take leave under the Emergency Paid Sick Leave Act (EPSLA) or Expanded Family and Medical Leave Act (EFMLA). These acts are separate… Read more

Darryl D. Whitesell
Principal

April 14, 2020 | COVID-19 Legal Updates | Employee Benefits | Labor & Employment | Tax

The IRS Announces the Extension of More Tax Filing and Payment Deadlines (Coronavirus and the Law)

New Notice of Extended Deadlines In a further response to the COVID-19 pandemic and its effects on taxpayers, on April 9, 2020, the IRS released Notice 2020-23, 2020-18 IRB, 04/09/2020, extending more tax deadlines to cover individuals, estates, corporations, and… Read more

Neil V. Birkhoff
Principal

April 10, 2020 | COVID-19 Legal Updates | Tax

Employee Benefits Considerations for Employers During the COVID-19 Pandemic (Coronavirus and the Law)

The COVID-19 pandemic has many employers making tough choices including reductions in force, reducing hours, and reducing compensation for employees. Employment decisions, in turn, affect employee benefit plans and policies. Employers need to review their employee benefit plans and policies,… Read more

Neil V. Birkhoff
Principal

Joshua C. Wykle
Of Counsel

April 8, 2020 | COVID-19 Legal Updates | Employee Benefits | Tax

Employee Retention Credit: IRS & Treasury Guidance on the CARES Act (Coronavirus and the Law)

In response to the COVID-19 pandemic, the federal government enacted laws designed to relieve the payroll tax burden on employers. Eligible employers may be entitled to refundable tax credits under both the Families First Coronavirus Response Act (FFCRA) and the… Read more

Joshua C. Wykle
Of Counsel

April 2, 2020 | COVID-19 Legal Updates | Tax

Gift Tax and Generation Skipping Transfer Tax Deadlines Extended (Coronavirus and the Law)

Any person owing federal gift tax or generation-skipping transfer tax on April 15 will now have until July 15 to make that payment without interest or penalties. The IRS, in Notice 2020-20 (pdf), released on Friday, March 27, announced that… Read more

Neil V. Birkhoff
Principal

March 30, 2020 | COVID-19 Legal Updates | Tax

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