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Not all employee parking lots are created equal

An employer will have to make some effort to document that the parking available at an employee parking facility has no value, many employers will find that this burden is worth bearing because it allows deducting the full expenses of operating and maintaining the facility.

Recent executive compensation and fringe benefit changes

The TCJA significantly affected the tax treatment of executive compensation and employee fringe benefits, amending deduction limitations in Sec. 240 and Sec. 162(m) and enacting a new excise tax under Sec. 4960 on excessive tax-exempt organization executive compensation.

CARES Act changes to retirement plans

A distribution that meets the definition of a coronavirus-related distribution carries several advantages and tax planning opportunities.