Welcome to TaxBlawg, a blog resource from Chamberlain Hrdlicka for news and analysis of current legal issues facing tax practitioners. Although blawg.com identifies nearly 1,400 active “blawgs,” including 20+ blawgs related to taxation and estate planning, the needs of tax professionals have received surprisingly little attention.
Tax practitioners have previously lacked a dedicated resource to call their own. For those intrepid souls, we offer TaxBlawg, a forum of tax talk for tax pros.
Chamberlain Hrdlicka Blawgs
- Posts by Katherine Patton NollShareholder
Katherine is a shareholder in the Tax Planning and Business Transactions and the Tax Controversy Section of Chamberlain Hrdlicka. She represents clients in a broad range of federal and multi-state tax planning and tax controversy ...
As the nation responds to COVID-19 and a world pandemic, IRC §139 may be one more tool in an employer’s toolkit to help their employees with fighting this silent war.
Under the Internal Revenue Code (“IRC”) §139(a), “qualifying disaster relief payment" from an employer to an employee are excluded from gross income, the opposite of normal tax law.
IRC §139 applies after the President of the United States declares a disaster. On March 13, 2020, President Trump made an emergency declaration under the Robert T. Stafford Act, evoking the protections of §139.
Importantly, an ...
The COVID-19 pandemic has raised several interesting issues for employers and employees under the Affordable Care Act (ACA). This client alert will address the challenges employers are facing due to the pandemic and their effect on ACA compliance, as well as potential exposure to employer mandate penalties.
General overview of the ACA rules and ESRPs
The ACA added Section 4980H to the Internal Revenue Code (IRC), which applies to applicable large employers (ALEs). An employer is an ALE for a calendar year if, on average, it employed at least 50 full-time employees during the previous ...
2018 Capital Gain Deferral Opportunity through June 29, 2019
An important deadline is approaching on June 29, 2019 for taxpayers looking to defer 2018 capital gains by investing in a Qualified Opportunity Zone (“QOZ”). Investments of capital gains in a Qualified Opportunity Fund (“QOF”) generally require the investments to be made within 180 days from the date(s) of sale giving rise to capital gain. However, the 180-day period is extended for capital gains earned through a partnership or pass-through entity. This exception to the 180-day contribution rule for ...