The IRS issued Rev. Rul. 2025-4 on January 15, 2025, regarding the federal income and employment tax treatment and related reporting requirements of contributions to, and benefits paid under, a mandatory state paid family and medical leave (PFML) program. The ruling includes various tax treatment scenarios containing the IRS’ guidance
Continue Reading IRS Issues Ruling on Tax Treatment of Contributions and Benefits Under State Paid Family and Medical Leave ProgramsMontené Speight
Montené Speight is an associate in the firm’s New York office and is a member of the Corporate Practice Group. She advises clients in public and private transactions and other general corporate matters. She spends a significant amount of her practice advising clients on all aspects of employee benefits and executive compensation including in connection with employment, separation, and change-in-control agreements. Montené counsels clients on compliance with ERISA, the Internal Revenue Code, and agency regulations. She has experience drafting and advising on tax-qualified retirement plans, health and welfare plans, and cash and equity incentive compensation plans.
IRS Issues FAQs Addressing Tax Treatment of Work-Life Referral Services Provided to Employees
On April 16, 2024, the IRS issued fact sheet FS-2024-13 providing answers to frequently asked questions about the tax treatment of work-life referral services provided to employees under an employer’s work-life referral program. The FAQs clarify that, under certain circumstances, the value received from work-life referral services provided to employees…
Continue Reading IRS Issues FAQs Addressing Tax Treatment of Work-Life Referral Services Provided to Employees