Employee retention tax credits (ERTC) are a form of financial incentive offered by the government to businesses that retain and continue to pay their employees during the COVID-19 pandemic. These credits are designed to help businesses cover the costs of keeping their employees on payroll, even during periods of economic hardship. […]
The IRS ruled privately that because a decedent had designated his estate as his IRA’s beneficiary at the time of his death, the IRA had no “designated beneficiary” for purposes of Code Sec. 401(a)(9) and the assets had to be paid out over the applicable distribution period in Reg. Sec. 1.401(a)(9)-5. […]
