HR White Papers

White Papers from leading HR experts provide great insight and research on timely relevant HR topics.

New IRS Tax Rules - 2017

April 6, 2017

Will you or your clients be affected by the new 2017 tax laws? Change is coming for standard and itemized deductions, personal exemptions, alternative minimum tax exemptions, and foreign earned income exclusions. Estates are also facing more complex tax planning as tax rates continue to increase. Review your tax planning strategy for income tax and asset protection benefits. Gary S. Wolfe has more than 34 years of experience, specializing in IRS tax audits and international tax matters including: international tax planning/tax compliance, and international asset protection.

Panama Papers Update - February 2017

April 6, 2017

New twist in Panama Papers case as founders of Panamanian law firm arrested and jailed in bribery case. On February 10, 2017 Juergen Mossack & Ramon Fonseca, founders of Panamanian law firm Mossack Fonseca were arrested and jailed following Panama probe into creating companies linked to Brazil corruption in the bribery case of Brazilian company Odebrecht. The Panama Papers consist of millions of Mossack Fonseca documents that show how the rich used offshore companies to avoid taxes. Gary S. Wolfe has more than 34 years of experience, specializing in IRS tax audits and international tax matters including: international tax planning/tax compliance, and international asset protection.

The Top 10 Labor and Employment Issues Retailers Will Face in 2017

March 14, 2017

It is a new year and a new administration. 2017 will bring change for retail employers but just how much and in what areas is yet to be seen. Employment issues are not new to retail employers. Each new year holds the potential for new rules and regulations to navigate. This year retailers are faced with many unknowns that could range from rolling back previous executive orders and rules to the uncertainty of the ever increasing state and municipal laws. No one knows what the future will hold but this author has compiled a list of 10 issues in labor and employment that all retailers will want to keep an eye on. Diane Saunders is a Shareholder in the Boston office of Ogletree, Deakins, Nash, Smoak & Stewart, P.C. Ms. Saunders is the co-chair of the firm’s Retail Practice Group, and a member of the firm’s Steering Committees for the Class Action Practice Group and Professional Development. She has been helping employers with their labor and employment issues and business disputes for over 20 years.

OSHA Whistleblower Update: Curious Case of Expanding Agency

January 12, 2017

Did you know that the Occupational Safety and Health Administration (OSHA) enforces and investigates claims under 22 different federal whistleblower laws, ranging from Section 11(c) of the OSH Act to the Clean Air Act, the Consumer Financial Protection Act of 2010, the Safe Drinking Water Act, Sarbanes-Oxley and the Surface Transportation Assistance Act? Given the number of laws that fall within OSHA's purview, it should come as no surprise that the agency has sought to expand its reach of late in ways that may leave employers scrambling to understand the risks and obligations they face when a whistleblower comes forward. In 2009, OSHA awarded $13.25 million in damages from whistleblower complaints. By 2013, that number exceeded $25 million – an 89% increase. In fiscal year 2016, the awards have been eye-popping: a Michigan janitor was awarded $193,139, an Alaskan aviation company was ordered to pay a pilot over $500,000 and a railroad conductor received over $250,000 in punitive damages alone. Download this white paper to continue reading … Elliot G. Cole is an Associate in the Chicago office of Vedder Price and a member of the firm’s Labor & Employment practice group. He focuses his practice on representing management in collective bargaining negotiations with public worker unions and ADA, FMLA and Title VII cases. He also administers client trainings on employee discipline and corrective action plans, hiring employees with disabilities and performance evaluations. Aaron R. Gelb is a Shareholder at Vedder Price and a member of the firm’s Labor and Employment practice area. He represents employers in all aspects of equal employment opportunity, wrongful discharge and labor relations litigation before federal and state courts and federal, state and local fair employment and administrative agencies such as the EEOC, Illinois Department of Human Rights, Cook County Civil Rights Commission, Department of Labor, National Labor Relations Board and OSHA.

Endorsements - ALTA Owners’ and Lenders’ Policies

December 8, 2016

Endorsements issued by the title insurer or title agent are designed to delete, add to, or modify any number of provisions of the commitment for title insurance and policies of title insurance. Endorsements are not available as stand-alone documents, but invariably refer to an underlying commitment or policy that predated or was issued simultaneous with the endorsement. Although it is usually the case that endorsements enhance or expand upon coverage, in some instances endorsements will be issued to reduce or revoke coverage. Several basic features of or considerations relating to endorsements should be mentioned: - Endorsements are of two types: Standardized and transaction specific. - Endorsements where standardized will be promulgated by the ALTA, the CLTA or other state title association or board, or designed by individual insurers. - Endorsements, where transaction-specific, will be issued to reflect or respond to requests (e.g.”Exception No. 14 is hereby deleted.”). - Endorsement availability will depend upon whether the endorsement form is, in the discretion of the title insurer, appropriate to owners, lenders or both. Download this white paper to continue reading … Duane H. Wunsch is the vice president and state counsel for Fidelity National Title Group, Inc.’s Wisconsin office. He has 30 years of experience as in-house underwriting and claims counsel. Mr. Wunsch is a frequent lecturer to both attorney and nonattorney customer groups. He regularly conducts training sessions for title and escrow staff.

Why Non-Taxpaying Entities Should Care About Allocations of Taxable Income

November 23, 2016

Even before the advent of P3s (public-private-partnerships), it was not uncommon for a governmental entity or a 501(c)(3) to enter into a joint venture with a for-profit, taxpaying entity. Sometimes these joint ventures take the form of either a state law partnership or a state law limited liability company (“LLC”). Most LLCs are taxed as partnerships for federal income tax purposes, which generally means that they are pass-through entities. In other words, the partnership itself does not pay tax on its taxable income (like a corporation would). Rather the taxable income flows through to the partners who are required to pick up their respective distributive shares of the partnership’s items of income and loss on their own separate federal income tax returns. Why would a non-taxpaying entity care about allocations of taxable income? Because the manner in which “taxable income” is determined, and its allocation among the various partners in the partnership could impact the amount of cash flow available to be distributed to the partners in the partnership. Download this white paper to continue reading … Cynthia Mog focuses her practice on federal income tax matters. She has experience working on corporate, partnership and real estate transactions including acquisitions, reorganizations, restructurings and tax-free exchanges.

75 Best Questions to Close More Business

November 9, 2016

“Have you ever faced a situation where the sale seemed to be just about sealed, only to stall at the last minute? Or you had great rapport with your contact, but at the last minute another influence came in and derailed the whole thing? Or your prospects decide they simply don’t need change right now? How do you make them see the value of your service, not just the price tag? You do it by asking questions that expand your customer’s mindset, which in turn helps him to realize the value of your solution - BUT how will you know what to ask? Why do we ask questions, anyway? More to the point, why don’t we ask enough questions — important questions? Like many salespeople, you may be nervous about asking questions for fear of asking the wrong ones, or worse, getting answers you don’t want to hear. You don’t always know what to ask, and silence makes you even more nervous.” Download this white paper to continue reading … Paul Cherry is the founder and president of Performance Based Results ( He has worked with more than 1,200 clients including Johnson & Johnson, BlueCross, Philips, DOW, Hilton, Wells Fargo, US Department of Energy. 92% of clients realize a 10 times return-on-investment. Mr. Cherry is recognized as the leading authority on client engagement strategies.

ACA Information Reporting - Ensuring Big Data Analyses Do Not Lead to Big Penalties

October 21, 2016

“As employers prepare the Affordable Care Act information reporting filings for the 2016 year that will be due in 2017 (notably the 1094/1095 B&C), the good faith standard of compliance, and the potential for inaccuracies, is no longer available. In order to seek a waiver of penalties for the 2016 filings made in 2017, an employer will need to meet a standard of reasonable cause and no willful neglect. With this standard, an employer must show that there are significant mitigating factors or the failure was due to certain events outside their control and the filer acted responsibly. While “responsibly” remains subjective, the employer must be able to demonstrate that the same level of quality assurance and audit rigor that is applied to other governmental reporting must be applied to the 1095 and 1094 IRS reporting processes. Also, at this time, anticipate that the filings will need to be made with the government, and to the employees (and other recipients), under the regular schedule without extensions: (i.e., the disclosures to employees will be due the last day of January following the calendar year in which coverage was provided; forms must be filed with the IRS by the last day of February if filing on paper or March if filing electronically (which is required for employers with 250 plus returns)). Failure to timely file the Forms with the IRS and provide them to employees can lead to significant penalties (for example, currently large businesses are subject to a penalty of $260 per return up to a maximum of $3,178,500, as adjusting in successive years); this is not tax deductible.” Download this white paper to continue reading … Michelle Capezza is a member of Epstein Becker Green in the Employee Benefits and Health Care and Life Sciences practices, and co-leads the firm's Technology, Media, and Telecommunications (TMT) service team. She practices law in the areas of ERISA, employee benefits, and executive compensation.

The IRS and Offshore Tax Evasion - U.S. Foreign Grantor Trusts

September 18, 2016

Penalty Regime for Foreign Bank Account Filing, Tax Practitioners and Professional Responsibility “If a U.S. person willfully violates the reporting requirement, such person may be subject to a fine of not more than $250,000, or imprisoned for not more than 5 years, or both (31 U.S.C. § 5322(a)); and if a U.S. person willfully violates the reporting requirement while violating another law of the United States, or as part of a pattern of any illegal activity involving more than $100,000 in a 12-month period, such U.S. person may be subject to a monetary fine of not more than $500,000, or imprisoned for not more than 10 years, or both (31 U.S.C. § 5322(b)). If a U.S. person, with respect to Form TD F 90.22-1, (1) falsifies, conceals, or covers up by any trick, scheme, or device a material fact, (2) makes any materially false, fictitious, or fraudulent statement or representation, or (3) makes or uses any false writing or document knowing the same to contain any materially false, fictitious, or fraudulent statement or entry, such person may be fined, or imprisoned for not more than 5 years, or both (18 U.S.C. § 1001).” Download this white paper to continue reading … Our author, Gary S. Wolfe, has more than 34 years of experience, specializing in IRS Tax Audits and International Tax Planning/Tax Compliance, and International Asset Protection.

The IRS-Panama Papers - Money Laundering and IRS Offshore Tax Evasion

September 1, 2016

Criminal Matters, IRS Civil Tax Audits/Statute of Limitations “The IRS often requests a statute extension if the statute will soon expire. If the statute is not extended the IRS will assess tax which can be a bad result (i.e. the tax is due) but have a good benefit (i.e. the audit is then terminated with no further tax disallowance issues to be raised by the auditor) with the taxpayer entitled to file a Notice of Protest and seek an IRS administrative appeal (to a separate division of the IRS/Appeals) without paying tax and no IRS tax lien filed or IRS collection instituted on the assessed tax (i.e. no IRS levy). The only exception would be a jeopardy assessment if the IRS considers tax collection to be "at risk" (i.e. the Taxpayer hides assets, flees the US et al.) the IRS may seize the Taxpayer assets under a levy, "freezing these assets" pending resolution of the audit assessment. Taxpayers who elect to file amended tax returns face the following statute of limitations issues: 1. The amended tax return/claim for refund must filed within 3 years of the filing of the original tax returns” Download this white paper to continue reading … Our author, Gary S. Wolfe, has more than 34 years of experience, specializing in IRS Tax Audits and International Tax Planning/Tax Compliance, and International Asset Protection.