Jennifer Hill
Subscribe to Jennifer Hill's PostsJennifer D. Hill focuses her practice on employee benefits and executive compensation matters. Jennifer routinely reviews qualified retirement plans, executive compensation and employment agreements and equity compensation to ensure conformity with Section 409A, ERISA and COBRA. Read Jennifer D. Hill's full bio.
How Employers Can Aid Employees Impacted by the LA Wildfires
By Brian Tiemann and Jennifer Hill on Jan 16, 2025
Posted In Employee Benefits, Employment
Over the past two weeks, wildfires have caused substantial loss and damage to homes and communities in Los Angeles, California, and the surrounding areas. In the wake of such devastation, employers may seek opportunities to provide financial assistance to impacted employees. Fortunately, the Internal Revenue Service (IRS) has outlined various ways for employers to provide...
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Soaring to New Heights: The IRS’s Crackdown on Aircraft Usage by Corporations and High-Income Earners
By Andrew Liazos, David Fuller and Jennifer Hill on Mar 1, 2024
Posted In Executive Compensation, Fiduciary and Investment Issues
The Internal Revenue Service (IRS) has announced plans to initiate dozens of new audits this spring in an attempt to ground high-flying taxpayers and their personal usage of corporate aircrafts. These audits will focus primarily on “highest risk” corporations and large partnerships, IRS Commissioner Danny Werfel stated. Werfel added that audits of high-income earners will...
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Employers Be Forewarned and Forearmed: Recent IRS Announcements Require Action on ERTC Claims
By David Fuller and Jennifer Hill on Nov 9, 2023
Posted In Employee Benefits, Employment
Asserting that many employers have improperly claimed Employee Retention Tax Credit (ERTC) refunds, the Internal Revenue Service (IRS) released two new announcements that address ERTC claims. Following these new IRS announcements, most employers should consult their legal and tax advisors and consider filing protective refund claims to preserve their employment and income tax positions and to...
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DOL Proposes Significant Changes to VFCP Program
By Jennifer Hill, Jacob Mattinson and Patrick Ryan on Dec 22, 2022
Posted In Employee Benefits, Retirement Plans
On November 21, 2022, the US Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) released a proposed amendment and restatement of the Voluntary Fiduciary Correction Program (VFCP), along with a proposed amendment to the Prohibited Transaction Exemption (PTE) 2002-51. The VFCP allows plan sponsors to voluntarily correct certain fiduciary breaches to avoid civil enforcement...
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The DOL Has Issued New Proposed Independent Contractor Classification Rules. What Now?
By Chris Braham, Joseph K. Mulherin, David Fuller and Jennifer Hill on Nov 2, 2022
Posted In Employment, Labor
On October 11, 2022, the United States Department of Labor (DOL) issued its Notice of Proposed Rulemaking (NPRM) seeking to undo the Trump administration’s 2021 independent contractor regulations and revert to the six-factor economic realities test. While the test factors remain the same (for the most part), the DOL’s NPRM advances interpretations of the various...
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Department of Labor Exemption Impacts Investment Advice Fiduciaries
By Jennifer Hill, Todd Solomon and Brian Tiemann on Jul 21, 2021
Posted In Employee Benefits, Fiduciary and Investment Issues, Retirement Plans
The US Department of Labor (DOL) recently issued guidance concerning a new exemption under the prohibited transaction provisions of the Employee Retirement Income Security Act of 1974 (ERISA) in connection with the provision of investment advice. PTE 2020-02, Improving Investment Advice for Workers & Retirees (the Exemption), became effective on February 16, 2021. On April...
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