Deferred Compensation Plans
Kerry M. Lavelle and guest Steve A. Schoenbrun • September 19, 2024
Owners of closely held businesses can learn about deferred compensation plans that provide opportunities to increase their tax-deferred retirement contributions. Steven A. Schoenbrun of Midwest Benefit Consultants, Ltd. discusses different plans that are IRS-approved and provide owners with the chance to increase their contributions. Attorney Kerry Lavelle adds insight into how these plans can be of benefit to owners and executives.
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Lavelle Law News and Events
Attorney Nataly Kaiser shares stories from trust administration disputes, plus red flags of a fiduciary breach and how to protect yourself. Register today for "Tales from the Trenches on Trust Administration" - a Lavelle Law Breakfast Briefs Seminar
Federal Banking Regulators Clarify What Financial Institutions Can Tell Customers About Fraud Investigations and Account Closures
Taxpayers should watch for the following OBBB-related scams and take steps to protect their personal and financial information.
Thinking of selling your business ahead of retirement? Business owners should begin preparing when they enter the “red zone” before retirement - not wait until they’re ready to retire. Kerry Lavelle explains this and more in the Lavelle Law Minute video, "Options and Tips for Selling Your Business."
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On August 20, 2026, the Internal Revenue Service announced a digitally authenticated Tax Compliance Report available through IRS Individual Online Accounts.
Taxpayers can securely obtain and download the report when applying for a job, a loan, a government benefit, or another service that requires tax compliance info.
FinCEN update: Condo, HOAs, and other common interest community associations no longer have to file BOI reports with FinCEN. Volunteer board members are no longer required to report their personal information to the federal government simply because they sit on an association’s board of directors.
Discover the latest tax law updates and planning opportunities that can help you reduce taxes, protect wealth, and prepare for the future.
On August 5, 2026, the Internal Revenue Service issued Notice 2026-28 providing guidance on the employer credit for paid family and medical leave (“PFML”) under the Working Families Tax Cuts (“WFTC”). The WFTC makes permanent and expands eligibility and coverage for employers offering PFML benefits to employees.
Many litigators are familiar with Federal Rule of Civil Procedure 68, but few fully appreciate its strategic value in the defense arsenal. Rule 68 can be a powerful tool for influencing settlement negotiations, and in some cases, limiting a plaintiff’s ability to recover post-offer attorneys’ fees.
