April 21, 2020 We are posting this red alert purely as an FYI. We received the following article Wednesday night from Politico Pro, which we believe to be accurate and
A critical to all Council member firms and their clients, the majority (if almost all) of whom could be beneficiaries of this action.
The “Phase 3,” $2 trillion stimulus/COVID-19 response legislation advanced in the Senate.
The IRS announced that high-deductible health plans (HDHPs) may cover COVID-19 testing and treatment pre-deductible.
House and Senate appropriators agreed to a $1.4 trillion spending package that includes major implications for our member firms.
January 18, 2019 This afternoon, the U.S. Treasury and the IRS released their final regulations on the Qualified Business Income Deduction for pass-through entities under the Tax Cuts and Jobs
January 18, 2019 Provision providing benefits to insurance agency/brokerage: “(x) Meaning of services performed in the field of brokerage services. For purposes of section 199A(d)(2) and paragraph (b)(1)(ix) of this
The U.S. Treasury issued regulations on December 13 excluding non-cash value property/casualty insurance premiums from regulations implementing the Foreign Account Tax Compliance Act (FACTA).
December 13, 2018 Under §1.1473-1(a)(1), a withholdable payment generally includes any payment of U.S. source FDAP income, subject to certain exclusions, such as for “excluded nonfinancial payments.” Excluded nonfinancial payments
There are impacts for commercial brokerage from Congress all the way down to thousands of state legislative seats.
