…Because Compensation Is More Than Wages
Some people are under the impression, and several articles have indicated, that the final Roth catch-up regulations issued on September 14, 2025 extended the deadline for complying with the Roth catch-up rules. This is not true.
Final Regulations. The final regulations are effective for taxable years beginning after December 31, 2026. However, this does…
Another one of my favorite guitarists is Eric Clapton who released an album titled “August” in 1986. Recent guidance from the IRS providing certain relief for retirement plans as a result of the COVID-19 Pandemic brings this album to mind as it emphasizes action by the end of August. Last month the IRS issued two…
As the Tax Cuts and Jobs Act wound its way through the legislative process last year, it morphed several times. Many provisions that were originally proposed were dropped along the way and others were added. This was certainly true with respect to provisions affecting employee benefits. Readers should remember that originally the House Bill contained…
