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Voluntary Correction Program: How to Correct 401(k) Plan Loan “Failures”

“To err is human; to forgive is divine,” as the familiar saying goes. But the IRS will forgive errors involving …

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Electing directors: Why board election methods matter

The system your company uses to elect directors can significantly affect whether the board is truly responsive to the shareholders …

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SEC Rules Charitable Contribution Violated FCPA

For years, the Securities and Exchange Commission (SEC) and Department of Justice have warned companies about potential Foreign Corrupt Practices …

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How Private Foundations Can Avoid Accusations of Self-Dealing

IRS rules governing private foundations are complex and include many exceptions, which is why your foundation needs to write and …

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It’s All Good(will) — FASB Simplifies Goodwill Impairment Testing

Accounting for goodwill just got a lot easier for public companies. In recently finalized guidance, the Financial Accounting Standards Board …

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Using Your ESOP as a Corporate Finance Tool

The employee stock ownership plan (ESOP) is best known as a valuable qualified retirement plan. But an ESOP can also …

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IRS vs. Corporate Inversions

Final regulations target related-party debt In October 2016, the IRS issued the final and temporary Section 385 regulations providing for …

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Conflicts of Interest in M&A Transactions

Let’s Talk   What’s your board’s role? When a company is acquired, its board of directors should take an active …

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Who’s to Blame? Court equitably apportions fiduciary misdeeds

When a fiduciary breach occurs, some fiduciaries may be more culpable than others. And when that’s the case, the court …

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