LexisNexis® Legal Newsroom
Small Business Jobs Act of 2010 Allows Elective Deferral Plan Rollovers to Designated Roth Accounts

For tax years beginning in 2005 or later, a Section 401(k) or Section 403(b) employee retirement plan may also include a "qualified Roth contribution program." Under a standard 401(k) or 403(b) plan, a participant employee decides to defer a portion of income into a company's sponsored...

Small Business Relief! Expanded 1099 Reporting Repealed

On April 14, 2011, President Obama signed into law the Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 ( P.L. 112-9 ) which repeals the expanded Form 1099 reporting requirements for businesses that resulted from the enactment of the Patient Protection...

Taxation of Employer-Provided Cell Phones: Who Benefits?

When I was practicing law in the 1990s, the large private law firm I worked for decided to follow the lead of the technology-based Silicon Valley firms and issue what was likely the first generation of Blackberry smartphones to associates and partners. It seemed like such a perk initially: A firm-provided...

Taxation of Employer-Provided Cell Phones: Who Benefits?

When I was practicing law in the 1990s, the large private law firm I worked for decided to follow the lead of the technology-based Silicon Valley firms and issue what was likely the first generation of Blackberry smartphones to associates and partners. It seemed like such a perk initially: A firm-provided...