Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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Regional Vice President of Sales The Retirement Plan Company
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Qualified Disaster Relief Payments by Employers Not Taxable Income to Employees
McGuireWoods [Guidance Overview] Sept. 13, 2017 "[S]ection 139 of the Internal Revenue Code allows [employers] to make qualified disaster relief payments to affected employees that are not includable in these employees' gross incomes. Employers may deduct any qualified disaster relief payments even though the payments are not included in employees' gross incomes. An employer need not obtain detailed receipts and documentation for qualified disaster relief payments so long as the payments reflect a reasonable estimate of the employee's losses and expenses attributable to the disaster." |
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