You are invited to join us on October 19, 2010 for a special Employee Benefits and Executive Compensation webinar:
   

In Focus: IRS Employment Tax Audits

Getting Your Employee Plans and Policies in Order

Since being forewarned is being forearmed, organizations should review their legal compliance in certain key employee plan areas and develop appropriate correction strategies if potential compliance issues are detected.

Date | Time of Event:

Tuesday, October 19, 2010

12:00 p.m. to 1:30 p.m. CDT

Click here to add this event to your calendar.

   
To Make Your Reservations:

Click here to register for this event. Additional details will be provided to all participants. If you have questions, contact Stuart Smith at 816.572.4458.

About Our Program:

Six months into the IRS three-year audit initiative, it appears that this endeavor is designed to generate additional revenue for the government. Although the IRS Chief of Employment Taxes has said the desire is to make the audits "as least burdensome as possible," it is important to understand that the audit is not simply a review of the organizations' Form 941 for a given tax year (although that will be one aspect).

Mary K. Samsa and William P. Sweeney of Polsinelli Shughart’s Employee Benefits and Executive Compensation law group have analyzed the audit initiative and will share important implications for your organization in a complimentary ninety-minute webinar event on October 19.

The IRS is drilling down on the compensation that is generating withholding obligations and then further auditing those various compensatory components for reporting and tax compliance. Consequently, any benefits offered to an organization's employee population which are nontaxable are the focus of the audits and the IRS desires to ensure that those plans and policies are truly nontaxable. If not, then taxes can be collected.

Ms. Samsa and Mr. Sweeney will brief participants on:

About Our Presenters:

Mary K. Samsa represents a wide range of organizations including, but not limited to, Fortune 100 public companies, privately held companies, multinational organizations, not-for-profit hospital systems as well as educational institutions. Her primary practice focuses on executive compensation (for both taxable and tax-exempt entities) where she regularly advises on nonqualified deferred compensation arrangements, executive employment arrangements (including the rebuttable presumption of reasonableness for tax-exempt entities), equity compensation arrangements, SEC reporting, Section 162(m) compliance and change in control issues, to name just a few.

William P. Sweeney has a broad-based, comprehensive practice, which involves all areas of employee benefits law. He advises public, private and tax-exempt employers on the design, implementation and administration of all type of welfare plans and tax-qualified retirement plans (including defined benefit, 401(k), 403(b) and 457(b)). He has substantial experience working with multi-employer benefit funds, representing clients before the IRS and U.S. Department of Labor with respect to employee benefit plan audits and voluntary correction procedure filings, and drafting and negotiating terms of merger and acquisition agreements.

To learn more about our Employee Benefits and Executive Compensation group, click here.

About Polsinelli Shughart PC

With more than 500 attorneys, Polsinelli Shughart PC is a national law firm that is a recognized leader in the areas of business litigation, financial services, bankruptcy, real estate, business law, construction, life sciences, environmental and natural resources, health care, insurance coverage/bad faith, and labor and employment. Serving corporate, institutional and individual clients regionally, nationally and worldwide, Polsinelli Shughart is known for successfully applying forward-thinking strategies for both straightforward and complex legal matters. The firm can be found online at www.polsinelli.com.