Federal Article Feeds Week In Review (August 24, 2007)
Most Popular Federal Law Article
New Commandments to Live By: After More Than 20 Years, IRS Issues New Proposed Cafeteria Plan Regulations (pdf).
On Monday, August 6, 2007, after an almost 20-year gestation period, the IRS issued long awaited proposed cafeteria plan regulations under Internal Revenue Code (“Code”) Section 125 (the “New Proposed Regs"). The New Proposed Regs withdraw the previously issued proposed cafeteria plan regulations, 1.125-1 and -2 (the “Old Proposed Regs”), replace them with a fresh set of proposed regulations that restate much of the Old Proposed Regs and incorporate both formal and informal guidance issued over the last 23 years. The New Proposed Regs also provide detailed guidance on a host of nagging cafeteria plan administration issues and even include a few surprises relating to enrollment and discrimination testing. The New Proposed Regs are generally effective for plan years beginning on or after January 1, 2009; however, taxpayers may rely on them now.
Located On: Alston & Bird LLP
Most Popular State Law Article
Wage and Hour Laws Redux.
One thing is clear about California wage and hour laws: The rules governing law firms (and all businesses) in California are too numerous to be summarized in just one column. The first installment on this topic ran on July 27, 2007 and is available online at http://www.dailyjournal.com. In that piece, I discussed potential pitfalls, such as mis-classification of employees as independent contractors or “exempt” employees, minimum wage and overtime laws, independent contractor status, exemptions from overtime, payroll practices and deductions from paychecks. If those topics are not complex and confusing enough, there are many others applicable to California employees.
Located On: Shaw Valenza LLP
Most Popular Headlines
Test your workplace boredom
Sun Sentinel - August 20, 2007