TRA MAKES NEWS HAPPEN

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  CASE OF THE WEEK – Hierarchy of Pay Deductions

  June 27, 2025 - If an employer does not have a policy regarding the hierarchy of payroll withholdings, a best practice is to put one in place with the help of a tax advisor and apply it consistently. Continue
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  CASE OF THE WEEK – Sole Proprietor and PT

  June 20, 2025 - Learn about the implications of prohibited transactions (PTs) for sole proprietors with solo 401(k) plans. Understand how ERISA Titles I and II apply, the tax penalties under IRC §4975, and the necessary IRS reporting. Continue
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  CASE OF THE WEEK – Nonresident Aliens (NRAs)

  June 13, 2025 - Including NRAs with U.S. source compensation in a U.S. retirement plan is necessary, despite an NRA exclusion. Statutory exclusions allow excluding certain employees without affecting nondiscrimination testing. However, plans must cover NRAs with U.S. source income to avoid disqualification. Continue
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  CASE OF THE WEEK – What Constitutes a Termination of Employment?

  June 6, 2025 - Discover key insights from the Mauer v. Pension Committee of the NBA Referees case on what constitutes a termination of employment. Learn how courts determine eligibility for plan distributions when an employment relationship is severed, regardless of ongoing litigation or potential reinstatement. Continue