New IRS Proposed Regs Target Donor-Advised Funds
They could expand the number of accounts that qualify as DAFs and the pool of persons subject to applicable excise taxes.
Source: wealthmanagement.com
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Diving Into SECURE 2.0: New DOL Lost and Found, Updates to EPCRS, and Delayed Implementation of Roth Catch-up Requirement | Foley & Lardner LLP
The SECURE 2.0 Act of 2022 (SECURE 2.0) significantly changes the legal and administrative compliance landscape for U.S. retirement plans. Foley & Lardner LLP is authoring a series of...
Foley Lardner Revenue Service Revenue Service Employee Plans Compliance Resolution System Department Of Labor Compliance Program Internal Revenue Service
Source: jdsupra.com
No Tax Due on Transfer of Assets Between Private Foundations
Private letter ruling examines how to effectively consolidate through a Section 507(b)(2) transfer.
Source: wealthmanagement.com
My Insurance Doesn't Cover That? Agency Guidance on "Junk Insurance" | Seyfarth Shaw LLP
Seyfarth Synopsis: Fresh on the heels of the IRS Chief Counsel Memorandum on wellness and indemnity products, discussed in our prior post here, the agencies have weighed in with more...
Treasury Department No Per Service Payments Department Of Labor Human Services Seyfarth Synopsis Counsel Memorandum
Source: jdsupra.com
Significant Updates To DOE LPO Clean Energy Finance Programs Under Sections 1703 And 1706 - Oil, Gas & Electricity
On May 30, 2023, the U.S. Department of Energy's Loan Program Office (the "DOE LPO") released, for public comment by July 31, 2023, an interim final rule (the "IFR")...
United States Us Department Of Energy Loan Additional Federal Incentives Available For Clean Energy Program Under Section Community Benefits Plan Energy Projects Or Innovative Supply Chain
Source: mondaq.com
FAQs on the SEC's Prescribed Clawback Policy | Dorsey & Whitney LLP
Earlier this year, in connection with final rulemaking by the Securities and Exchange Commission (the “SEC”), Nasdaq, NYSE and NYSE American proposed listing standards requiring that...
United States Securities Exchange Exchange Commission Dorsey Whitney Securities Exchange Act Nasdaq Listing Rule
Source: jdsupra.com
Gage M. Maurer Attorney Labor Law Foley and Lardner Milwaukee
Gage M. Maurer is an associate with Foley & Lardner LLP. He is based in the firm’s Milwaukee office where he focuses his practice on employee benefits and executive compensation.
Source: natlawreview.com
IRS Gets Its Act Together For Forfeiture Rules | Jackson Lewis P.C.
The February 24, 2023, issuance by the IRS of proposed regulations on the use of forfeitures in qualified retirement plans provides some welcome clarity, regulatory house cleaning, and...
Source: jdsupra.com
IRS Issues Guidance for Energy Community Bonus Tax Credits – Notice 2023-29 | McGuireWoods LLP
The Inflation Reduction Act of 2022 (IRA) created several new tax incentives to encourage the development of clean energy projects that would benefit specific communities. Among these...
Energy Community Adder Interagency Working Group On Energy Communities Energy Community Inflation Reduction Act Internal Revenue Code Sections Interagency Working Group
Source: jdsupra.com
No Basis Adjustments for Assets in Irrevocable Grantor Trusts
Revenue Ruling 2023-2 confirms that taxpayers can’t have their cake and eat it too.
Jonathang Blattmachr Revenue Service Internal Revenue Service Internal Revenue Code Sections Tax Effects Grantor Trust Status
Source: wealthmanagement.com