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Employers that want to reward a key employee by promising to pay a bonus upon retirement need to examine 409A. Section 409A of the Internal Revenue Code sets strict rules for when employers may pay nonqualified deferred compensation to its employees or other service providers such as consultants or independent…
Continue reading →HousingWireHousingWire During a virtual speech at the World Economic Forum in Davos this morning, President Donald Trump said he would “demand that interest rates drop immediately.” This marks his second request for lower rates, which are key for his economic agenda. In his remarks, he also said other countries should…
Continue reading →HousingWireHousingWire Thursday marks the third full day of the second Trump administration, and the Consumer Financial Protection Bureau (CFPB) still has a director that was nominated and confirmed under President Joe Biden. How long that will last is anyone’s guess, but for right now, Rohit Chopra is continuing to work…
Continue reading →HousingWireHousingWire Economists predict the Los Angeles wildfires, which are claiming thousands of high-end residential properties, to be one of the most expensive natural disasters ever. But the luxury real estate market is still poised for significant future growth as new demographics take over. Sotheby’s International Realty released its 2025 Luxury…
Continue reading →HousingWireHousingWire The Senate Committee on Banking, Housing and Urban Affairs has advanced the nomination of Scott Turner to lead the U.S. Department of Housing and Urban Development (HUD) in the second administration of President Donald Trump. After clearing this hurdle, Turner’s nomination will now require a confirmation vote in the…
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