Resource Center

An unfortunate, but increasing reality is that some charities are electing to file for bankruptcy to deal with creditors. Sometimes these creditors arise from unexpected litigation and others from declines in revenue and weakness in the economy. Unlike businesses, charities cannot be forced into bankruptcy by their creditors, they must […]

Over the last several years, Congress has extended the IRA qualified charitable rollover for another year. It is anticipated to extend it again this year. The IRA qualified charitable rollover permits a taxpayer over the age of 70 ½ to direct the IRA provider to distribute a portion of the […]

Laura Mossman, Hinkle Law Firm LLC Mitch Caddell, BKD With recent declines in oil and gas prices, owners of family-owned, closely held energy companies have the opportunity to transfer significant wealth to the next generation or to key employees at reduced prices. Whether you’re transferring entity interests and individual holdings […]

We have recently received a number of questions about the Medicare Part D notice requirement. Although this requirement is not new – it first took effect in November 2005 – we thought that, as we approach its ten-year anniversary, it might be worthwhile to review what is required. To view […]

Since the passage of the Affordable Care Act (“ACA”), many of the questions we have received from our clients focus on tricky issues that arise repeatedly with employers both large and small.  To help employers navigate the often rocky regulatory terrain of federal health care reform, we thought it would […]

Since the passage of the Affordable Care Act, many of the questions we have received from our clients focus on tricky issues that arise repeatedly with employers both large and small. To help employers navigate the often rough regulatory terrain of federal health care reform, we thought it would be […]

Earlier today, the Department of Labor announced that the definition of “Spouse” under the Family Medical Leave Act (FMLA) is changing, effective March 27, 2015.  The current definition of “Spouse” looks to the place of residence – i.e., where an employee lives – in determining whether an employee is married.  The […]

Well, it’s finally that time: On New Year’s Day, the Patient Protection and Affordable Care Act’s (“PPACA’s”) long-awaited (and, for some employers, dreaded) “pay or play” mandate went live.  This mandate – which is officially known as the “employer shared responsibility” mandate – requires employers with 50 or more “full-time” […]

To view this Alert in pdf, click here. On March 25, 2014, in the case of U.S. vs. Quality Stores, Inc., the U.S. Supreme Court held that severance payments to employees are “wages” that are subject to FICA withholding (i.e., withholding for Social Security and Medicare taxes). In our experience, it […]

On October 31, 2013, the Internal Revenue Service (“IRS”) issued guidance modifying the so-called “use it or lose it” rule for health flexible spending accounts (“Health FSAs”).  The timing of this new guidance (Notice 2013-71) – on Halloween – was actually fitting, as it is difficult for some to determine […]