The disclosure threshold for financial institutions is now increased for international money transfers, which exempts a greater number of institutions from the rule. Additionally, impacted banks and credit unions now…
Recent Insights
Payroll Guide to COVID-19 Tax Relief
Editor’s note: For a comprehensive guide to all four pandemic relief acts, download the COVID-19 Relief Summary for Employers, which tracks the evolution of certain provisions and introduces new benefits….
IRS Issues Proposed Regulations to Clarify Treatment of Excess Deductions on Termination of an Estate or Trust
While the Tax Cuts and Jobs Act of 2017 eliminated many personal itemized deductions, the IRS subsequently clarified that expenses unique to an estate or non-grantor trust would still be…
COVID-19 Notification and Reporting Requirements for Nursing Homes
Nursing homes now have clearer guidance on how to report and notify residents, families and staff around the presence of COVID-19 in their facilities. On May 8, 2020, the Centers…
CARES Act Impacts to Retirement Plans and Six Considerations for Plan Sponsors
Job loss, reduced hours, illness, caretaking responsibilities and more – coronavirus continues to produce a raft of economic uncertainties and financial hardships for individuals. The Coronavirus Aid, Relief and Economic…