Page 3 - Tax Code Section News Today

Published in NH Bar News (2/17/2021) On December 27, 2020, President Trump signed into law the COVID-Related Tax Relief Act of 2020, part of H.R. 133, the Consolidated Appropriations Act, 2021, (the “Act”).  Although the initial political focus was whether the Acts $600 per individual direct payment was sufficient, the 5,593-page legislation contains numerous provisions that will impact employer sponsored benefit plans for years to come. The Act follows the 2019 SECURE Act and the 2020 CA...

Highly paid college sports coaches and hospital executives are among the nonprofit employees the Internal Revenue Service is targeting in the final version of a tax-law regulation.