By Robin C. Gilden

IRS Notice 2013-54 provides that an employer’s reimbursement of healthcare insurance premiums paid by an employee on an individual health insurance contract of the employee on a pre-tax basis (an “employer payment plan”) may violate: Continue reading “Employer Reimbursement of Employee’s Individual Medical Insurance May Subject Employer to Penalty”

By Jeffrey D. Davine

Unfortunately, just about every employer has to deal with claims made by employees or former employees. These claims can be for a variety of alleged “wrongs” such as failing to pay overtime, age discrimination and sexual harassment. In most cases these matters are resolved between the parties without a trial. Continue reading “Tax Issues Related to Settling Employment-Related Claims”

A recent IRS ruling illustrates the application of the IRC § 4943 excise tax on excess business holdings, as well as the tax on unrelated business taxable income (UBTI), in the context of an apartment building owned by a private foundation. Continue reading IRS Rules on Private Foundation Ownership of Apartment Building

By Robin C. Gilden

People who do not think that Donald Sterling is being impacted sufficiently by the NBA fine and being forced to sell the Los Angeles Clippers are not taking into account the significant federal and California income taxes that the Sterlings are going to be required to pay on the sale of the team. Continue reading “Sale of Clippers Will Cost Sterlings Significant Income Taxes”