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. […]
Under our tax code, individuals have the right to “convert” all or part of a traditional plan or IRA to a Roth IRA–at the cost of paying income tax currently on the converted amount. Throughout the 20-year existence of Roth IRAs, the Roth converter has been granted a unique privilege–the option […]
Bankruptcy Court Holds S Corporation Status Is Not Property for Bankruptcy Purposes A bankruptcy court, in a case of first impression in the Fourth Circuit, held that a Chapter 11 debtor’s S corporation status was not property for bankruptcy purposes and that the shareholders’ pre-petition revocation of the S election could […]
