Federal and state laws have been designed to protect disabled individuals from discrimination. Notably, the Americans with Disabilities Act (ADA) and its subsequent amendments provide legal recourse to aggrieved parties. Frequently, the Equal Employment Opportunity Commission (EEOC) pursues litigation on behalf of individuals when it believes their rights have been violated. Here’s what employers should know, […]
We have been closely following the new 21% excise tax under Section 4960 for highly compensated non-profit employees. Although targeted to non-profits, the tax can affect corporations who are “related” to non-profits, including corporations with company foundations, VEBAs or PACs. Attached are the alert we sent out last month and a comment letter we will […]
You have probably heard by now that the IRS has reversed course and is allowing pension plans to offer lump sums to retirees in pay status. Under IRS Notice 2019-18, a lump sum offer would give current retirees the opportunity to switch from a monthly annuity to a single lump sum payment. Many plan sponsors […]
Credit reports can help your company make a wide range of decisions, from extending credit to offering employment. And regardless of how you use the reports, the Fair Credit Reporting Act requires you to tell applicants the reason if the data results in an application being denied. A case before the Federal Trade Commission illustrated the point and […]
In This Issue: Tax-Efficient Planning for Large Retirement Accounts – Qualified charitable contributions, the satisfaction of charitable bequests with IRAs, spousal beneficiary rollovers, and certain trusts may provide tax savings. Primer on Traditional IRA, Roth IRA, and Roth 401(k) Accounts and Distribution Rules – Income tax, penalties, and/or RMDs may apply to an account while […]
On September 13, 2018, a series of gas explosions and resulting fires devastated The communities of Lawrence, Andover, in North Andover, Massachusetts. The gas fires and explosions killed a Lawrence teenager, injured two dozen others and left more than 100 homes damaged or destroyed, and displaced thousands. Lawyers from Lawrence reached out to Bailey & […]
U.S. Department of Justice official John C. Demers, who heads the Department’s National Security Division, announced yesterday that Brandon Van Grack will now lead the team that enforces the Foreign Agents Registration Act (“FARA”). Mr. Demers described the appointment as signalling a shift “from treating FARA as an administrative obligation and regulatory obligation to one […]
Washington Governor Jay Inslee announced late last week that he is running for President, making him the first sitting governor in the 2020 presidential field. Inslee’s entrance into the presidential race while simultaneously holding his gubernatorial office represents a new risk for investment advisers subject to the Securities & Exchange Commission’s “Pay-to-Play” Rule. The SEC’s […]
Bailey & Glasser, LLP is pleased to announce the election of Kate Charonko, Cary Joshi, and Mary Pat Statler as partners in the firm. “We are especially proud to welcome Kate, Cary, and Mary Pat as partners,” said John Barrett, the firm’s President and COO. “Each of them has distinguished themselves in their practices – […]
Michael Cohen’s testimony on February 27, 2018, before the U.S. House Committee on Oversight and Reform featured several heated exchanges, including one particular line of questioning about the Foreign Agents Registration Act (“FARA”) from Mark Meadows (R-NC). Congressman Meadows suggested during the hearing that Mr. Cohen’s work for several foreign companies obligated him to register […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Jonathan Deem of Bailey & Glasser LLP. Jonathan has joined IR as our exclusive Mergers & Acquisition Member in US – Washington DC. Jonathan is a transactional lawyer in the firm’s Washington, DC, and Charleston, WV offices. His practice areas include […]
On the last day of 2018, the IRS issued Notice 2019-09 clarifying how the new 21 percent tax on “excess” compensation impacts nonprofits. The tax is effective for compensation paid in tax years beginning after December 31, 2017.[1] For most nonprofits, the biggest impact will be the need to keep track of whether they […]