The IRS recently issued guidance and transition relief with Notice 2015-13 for those employers claiming the WOTC through December 31, 2014. The WOTC is a Federal credit for employers that hire individuals from specific targeted groups.
IRS, DOL, HHS issue further guidance on certain health coverage reimbursement arrangements – including guidance on rules around employers increasing employee compensation to allow employees to purchase their own health insurance.
Private foundations face a challenge that other foundations and not-for-profit organizations do not. Perhaps the most significant of these is the requirement that private
foundations distribute 5% of the fair market value of their assets each
|You’ve probably heard this before, but valuation is both an art and a science. The type of asset, the nature of the valuation, and the purpose of the valuation will dictate how much of that blend is weighted towards art or science.