Recent guidance issued by the IRS and DOL may affect the design and structure of some of your benefits arrangements.
The Internal Revenue Service has announced the 2014 cost-of-living adjustments (COLAs) for retirement plans. Most of the limits related to retirement plans are increased.
Now that the federal government shutdown has ended, all E-Verify features and services are now available. Employers should resume regular use of E-Verify. Notably, the Form I-9 requirements were not affected by the federal government shutdown, and all employers must complete and retain a Form I-9 for every person hired to work for pay in the United States during the shutdown.
As of today, October 1, 2013, the government began a partial shutdown of its agencies. Listed below are several agencies that will be affected:
Changes to Minnesota Investment Adviser Regulation for Investment Advisers and Private Fund ManagersCategory: Legal Update, News
New legislation effective August 1 changes the registration requirements and exemptions for investment advisers and representatives in Minnesota, and will likely affect managers of private funds. Investment advisers and fund managers who have less than $100 million in assets under management, or who advise only private funds with less than $150 million in assets under management, will need to comply with new state exemptions or register with Minnesota.
Everyone knows the adage “the best defense is a good offense.” That adage can now be applied to the field of patent procurement. United States patent laws recently underwent a radical transformation from a first to invent system to a first to file system.
A new tax tool has been added to our transaction tool kit. It may prove useful in certain bank transactions where the acquired bank (or holding company) is an S Corporation. These new rules have been languishing in the wings since their addition to the Internal Revenue Code in 1986. Twenty-two years later, in 2008, Proposed Regulations provided a preview of the intended scope and detail of the provisions. The Proposed Regulations were finalized on May 15, 2013, and 27 years after Congress acted, the Code provisions have now become applicable. The Code Section was not self-executing and was therefore unusable until final regulations were adopted.
The Internal Revenue Service recently issued guidance in how the Federal Tax Code will tax employee benefits with respect to married same-sex couples. Same-sex couples who are legally married in a state or foreign jurisdiction will be treated as spouses under the Code, even if the couple currently resides in a state that does not recognize same-sex marriage.
Recent high-profile insider trading cases brought by the SEC and the DOJ have resulted in hefty prison sentences, fines and settlements. The SEC has made it clear that insider trading continues to be a high enforcement priority and that it will pursue criminal trading aggressively. In particular, the SEC says it will continue to scrutinize trading around significant corporate transactions, such as a merger.
Fredrikson & Byron was named one of 50 “Best Law Firms for Women” by Working Mother & Flex-Time Lawyers for the third consecutive year. This award recognizes firms nationwide that are leaders in attracting, retaining and promoting women lawyers. Firms were measured by their workforce representation; time off and leaves; child care; flexibility; leadership, compensation and advancement of women; and development and retention of women. The recipients of the 2013 Best Law Firms for Women award were announced in the August/September issue of Working Mother magazine.