Can a Group Health Plan Add an Annual Dollar Limit on Benefits?
QUESTION: Can we make a design change to our self-insured group health plan to impose a $1.5 million annual dollar …
FASB Urged to Strengthen Disclosure Rules for Banks’ Credit Risk Transfers
A former senior U.S. bank supervisor has sounded the alarm on the lack of transparency in U.S. banks’ reporting of …
Michigan Explains Tax Treatment of Non-Fungible Tokens
By Peter G. Pupke The Michigan Department of Treasury has issued information regarding the state’s sales and use tax treatment …
Treasury Proposes Rules for New Clean Electricity Low-Income Communities Bonus Program
The Treasury Department and IRS have proposed requirements for facilities to participate in the Clean Electricity Low-Income Communities Bonus Credit …
US judge Blocks Biden Rule on H-2A Farmworker Union Organizing
By Daniel Wiessner A federal judge in Georgia has blocked the Biden administration from enforcing a rule that bars employers …
IRS Provides Tax Relief to Victims of Tropical Storm Ernesto in US Virgin Islands
The IRS has provided tax relief for individuals and businesses affected by Tropical Storm Ernesto that began on August 13, …
Seventh Circuit Addresses Plan Limitations on Treatment for Autism Spectrum Disorder
Midthun-Hensen v. Grp. Health Coop. of S. Cent. Wis., Inc., 2024 WL 3646149 (7th Cir. 2024) Available at https://media.ca7.uscourts.gov/cgi-bin/OpinionsWeb/processWebInputExternal.pl?Submit=Display&Path=Y2024/D08-05/C:23-2100:J:Easterbrook:aut:T:fnOp:N:3244881:S:0 A …
FASB Urged to Revamp Personal Financial Statement Rules Amid Trump Case Controversy
The Financial Accounting Standards Board (FASB), the primary standard-setter for financial accounting in the U.S., is being pressed to overhaul …
Tax Orgs Push Back on Retroactivity in Abusive Partnership Transaction Guidance
Applying proposed rules addressing abusive basis-shifting practices in transactions between related parties of partnerships retroactively would create significant administrative burdens, …
Hawaii Issues Revised PTET Guidance
By Krista A. Cohane The Hawaii Department of Taxation has issued a revised Tax Information Release providing guidance on changes …