Publications

SBCA’s Extensive Collection of Small Business Articles


Most tax practitioners are aware of the general provisions of Sec. 409A as they are applied to nonqualified deferred compensation arrangements (NQDC plans). 1 With the downturn in the economy and increasing rates of bankruptcy and insolvency, both employers and employees have given second thought to the wisdom and future viability of existing NQDC plans. This article reminds readers of Sec. 409 A ’s general parameters and provides...

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by ALVIN D. LURIE Foreword by Paula Calimafde, SBCA Chair: Read this excellent article by Al Lurie, SBCA Special Counsel, former Assistant Commissioner of Internal Revenue and renown speaker and writer, on why the new IRS Tax Code Section 1411 (adding a tax on net investment income – NIIT) should be repealed. Mr. Lurie makes the case that this new code section is the most complex tax provision in our already complex tax code. He...

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Setting The Scene The final days of the first Obama Administration provided him and the Democratic and Republican leadership of the Congress with a unique challenge to resolve what had by then become the most critical domestic problem of the Nation: averting the fiscal cliff. To do so required them to achieve what they had been unable to accomplish in the President’s entire initial term in office, namely, overcoming the...

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Bismarck is famously quoted as comparing the making of legislation to the making of sausages: “it’s something you don’t want to see,” he said. Whatever he saw in the late 1800s was as nothing compared to what we’ve witnessed in the six months ending last March, as Democrats and Republicans in Congress and the White House engaged in a fierce donnybrook over the health care legislation introduced by the Democrats late in 2009 to fulfill...

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