Dan Morgan

Employers Get a 2-Year Breather on Complying with the Secure 2.0 Change to Catch-Up Contributions blankrome.com/publications/e…

#ERC The #IRS has published a memorandum alerting employers that, in the absence of a specific governmental order applicable to an employer's suppliers, a business can't rely upon supply chain problems during the pandemic to claim the #employeeretentiontaxcredit

When a company terminates an executive's employment, the company often pays severance in exchange for the executive signing a separation agreement that releases the company from claims the executive may have. My article in @law360…lnkd.in/e63qRXji lnkd.in/ebgsgJxz

#employeeretentioncredit #IRS #erctaxcredit Having placed employee retention tax credit scams at the top of its "dirty dozen" list, the IRS issued a news release today telling businesses and tax-exempt organizations of what to be…lnkd.in/e-YjRbcV lnkd.in/ejMXPwae

#401k #departmentoflabor #ERISA #form5500 #businessowners Business owners, understandably, flinch whenever anyone mentions ERISA or anything related to complying with the seemingly endless rules and regulations that govern 401(k)…lnkd.in/ek__8wZd lnkd.in/eTBFhXPS

#IRS #nonfungibletokens #nfts #IRAs The IRS is looking into whether nonfungible tokens (NFTs) are "collectibles" if they are held in an individual retirement account. This characterization has not-so-nice tax implications. An IRA's acquisition of a c…lnkd.in/e_xNEbDq

#IRS #employeeretentioncredit #ERC Every year, the IRS announces "The Dirty Dozen", what it refers to as "the worst of the worst tax scams." Not surprisingly, headlining this year's list are "blatant attempts by promotors to con…lnkd.in/eH5rnrCk lnkd.in/e7DxUebB

#IRS #medicalexpenses #HSA ##FSA The IRS has issued new FAQs explaining when nutrition, wellness and general health expenses qualify as medical expenses for tax purposes. Although the guidance doesn't cover new ground, it is a helpful guide for decidin…lnkd.in/dvCDjR7s

#IRS #employeeretentiontaxcredit #ERTC #tax New IRS has issued a new warning about the risks of improperly claiming the employee retention tax credit - from today's news release: The IRS and tax professionals continue to see third…lnkd.in/emQSGnRg lnkd.in/e9UZKcuC

Congratulations to @CustFirstRenew, Alan Zang and the rest of the Coho, an ERM Group company team on the recent acquisition of Coho by ERM lnkd.in/e9HmKa6M

Congratulations to Welvie on becoming a part of Paradigm. lnkd.in/ewxpsh_Y

This is in the category of what can go wrong when Congress passes a very complicated law. The recent SECURE 2.0 legislation made a number of changes to the rules applicable to retirement plans and IRAs. One of those changes impacts so-called "catch-up"…lnkd.in/eJMhSMM9

#noncompete #FTC #unfaircompetitio Today, the FTC proposed a rule that would eliminate all noncompete agreements except those entered into in connection with the sale of a business. The FTC cautioned that noncompetes entered into in connection with the…lnkd.in/gvgEx7M4

#401kplans #403b #retirementsavings The spending bill passed by Congress at the end of last year included Secure 2.0, which makes extensive changes to the rules governing retirement savings. Here is our summary of the key provis…lnkd.in/eZRxYtbX lnkd.in/ebQ3bpNx

@Mia56708794 @AtlantaTax To be clear, this is a deferral of the reporting obligation by the third party payment platform. The deferral by the IRS does not change the tax treatment of income earned on the transactions. That income still has to be reported on the tax return of the person who earned it.

@DanMorganEsq @AtlantaTax Does this mean the threshold limit currently does not exist for the year? Or until decided? Meaning people will end up not reporting any self employment income??

🚨BREAKING 🚨 IRS announces all 1099 reporting suspended indefinitely. Move to save countless hours and $$ in shredding costs later.

The #IRS has delayed implementation of $600 reporting threshold for third-party payment platforms’ Forms 1099-K until 2023. This reporting obligation was added in 2021 & has received much criticism. For 2022, the prior threshold of 200 transactions exceeding $20K remains in place

Pointing to the recent collapse of #FTX, 3 US Senators sent a letter yesterday to Fidelity asking them to reconsider allowing 401(k) plans that Fidelity administers to offer #bitcoin as an investment. chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/…lnkd.in/dQBpgnMA

#EEOC #Dobbs #abortionaccess #employeebenefits @BloombergLaw is reporting this morning that EEOC Commissioner Andrea Lucas has initiated Commissioner Charges to have the EEOC investigate 3 companies that are paying abortion trave…lnkd.in/eTwvH_Wu lnkd.in/e4zpxuFN

#401k #401kplans #IRS #costofliving The IRS just announced the 2023 cost of living adjustments that impact contributions and benefits to 401(k) and other employer tax-qualified retirement plans lnkd.in/gVJduWm7