IRS Issues Additional Transition Relief Under Code Section 409A
On October 22, 2007, the Internal Revenue Service issued Notice 2007-86 which generally extends to December 31, 2008 previous transition relief that was scheduled to expire on December 31, 2007.
Employers in Forefront of Immigration Enforcement
Increased enforcement of existing immigration laws was one theme of this summer’s debate over comprehensive immigration reform. What many employers – even those who never deal with immigration officials – may not realize is they are on the front lines of that enforcement effort. More importantly, the federal government is stepping up both worksite enforcement and criminal prosecutions of employers, something that will impact virtually every employer.
Financial Institution Bulletin
In an era when gift cards have taken the place of gift certificates and cash as presents, Keith Gauer looks at a court decision holding that a law prohibiting dormancy fees on gift cards is enforceable. In addition, Bob Hayes examines the requirements for proper identification of a debtor’s name in financing statements under the Revised Uniform Commercial Code. Other topics examined in the latest financial bulletin include a look at how the designation of a significant part of eastern South Dakota as a “Regional Center” for dairy farm and heifer ranch operations has been a boon for foreign investors seeking to immigrate to the United States, comments filed by DEHS attorneys on possible rules in the financial services industry for unfair or deceptive practices, and the IRS extending the amendment deadline for deferred compensation plans.
January 2008 Issue
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