Jeffrey Holdvogt said that an Internal Revenue Service private letter ruling allows an employer to add a 5 percent contribution to a participant’s 401(k) account if that participant verifies sufficient student loan repayments. “The benefit does not directly pay down an individual’s loan debt,” he clarified. Mr. Holdvogt and Sarah Engle recently authored an On the Subject on this private letter ruling.

Jeffrey Holdvogt and Sarah Engle authored an On the Subject on an Internal Revenue Service private letter ruling that allows an employer to provide a tax-free student loan repayment option through a 401(k) contribution.

Jeffrey Holdvogt and Sarah Engle authored an On the Subject on an Internal Revenue Service private letter ruling that allows an employer to provide a tax-free student loan repayment option through a 401(k) contribution. Mr. Holdvogt said that “the principles described by the IRS in the private letter ruling could be applied to other employer designs that provide different benefits.”

Stephen Kranz and Diann Smith said that they would oppose a decision to impose penalties on late or underpaid taxes on repatriated income, after recent guidance by the Vermont Department of Taxes left open such a possibility. “There is no cause for it, and we hope Vermont will revisit the decision and broadly announce that penalties will not be imposed,” Mr. Kranz said.

John Calandra, M. Miller Baker, Stephen Kranz, Diann Smith, Sarah Hogarth and Eric Hageman represent a Virginia trade association for pharmaceutical wholesale distributors in filing suit in the US District Court for the Southern District of New York seeking to strike down a New York law that imposes a surcharge on the business they do in the state.

Christina Martini joined the Firm as a partner in the Chicago office. She focuses her practice on domestic and international trademark and copyright law, as well as domain name, internet, advertising, unfair competition and entertainment law. The firm is “particularly delighted to welcome such an extraordinary role model and effective champion for gender and racial and ethnic diversity,” said Firm Chairman Ira Coleman.

Stephen Kranz, Diann Smith and M. Miller Baker represented corporate taxpayers in settlements with the District of Columbia’s Office of Tax and Revenue (OTR) in cases involving $9.2 million in assessments based on transfer pricing analyses conducted by Chainbridge Software LLC. “We remain very pleased that OTR has discontinued its contract with Chainbridge for audit services,” Mr. Kranz said.

Michael Wilder, Daniel Zucker and Kevin Hall co-authored a McDermott On the Subject, “Section 1202 Post-TCJA,” cited here. With the reduced corporate income tax rate of 21 percent under the Tax Cuts and Jobs Act, section 1202 provides another incentive for businesses to seriously consider operating as C corps, Mr. Hall said.

McDermott Will & Emery Studio Legale Associato assists Private Equity Monitor – PEM® of LIUC – Università Cattaneo in monitoring risk capital investment activity in Italy.