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The seller usually wants assurances that a buyer will be able to fund an acquisition at the closing, particularly if the closing is subject to a lengthy interim period between signing and closing. If a...
A company that receives a warning letter from the Food and Drug Administration (FDA) is on FDA's radar screen. In addition to responding appropriately to any actual or potential violations indicated...
We just added Arbitration Q&A content to Practical Guidance’s State Law Comparison Tool! Compare state laws on arbitration both pre-dispute and once a dispute arises across five key arbitration...
Raising cash for the Fed, SECURE 2.0 offers two opportunities for plan contributions to be immediately taxed and characterized as designated Roth contributions to the plan. First, effective for tax years beginning after 2023, all employee catch-up contributions to 401(k) plans (and 403(b) and governmental 457(b) plans) for eligible employees whose wages for the preceding calendar year exceed $145,000 (indexed) must be made on a Roth basis. That leads to more taxable compensation for affected employees. Next, with the opportunity beginning now, SECURE 2.0 permits retirement plans to offer eligible employees the opportunity of characterizing fully-vested employer matching and nonelective contributions as designated Roth contributions—much like the existing in-plan Roth rollover opportunity. Pub. L. No. 116-94, Div. T, §§ 603, 604. More taxable compensation and more tax dollars.
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