LawFlash/Client Alert | Tax-Exempt Organizations LawFlash
Celia Roady, Matthew Elkin, Edward Chaney, Kimberly Eney, Alexander Reid
New examples describe additional charitable purposes and investment structures for PRIs.
LawFlash/Client Alert | Tax-Exempt Organizations LawFlash
Celia Roady, Matthew Elkin, Edward Chaney, Kimberly Eney
Revisions to the District of Columbia Nonprofit Corporation Act affect the governance and internal operations of certain D.C. nonprofits.
LawFlash/Client Alert | Tax-Exempt Organizations LawFlash
Tax-Exempt Organizations Practice
The Financial Crimes Enforcement Network (FinCEN) of the U.S. Treasury Department issued final rules (RIN 1506-AB08) on February 24, 2011 regarding the requirements for certain U.S. persons to file Form TD F 90-22.1, Report of F... more
LawFlash/Client Alert | Tax-Exempt Organizations LawFlash
William Colgin, Jr., Barton Bassett
The Financial Crimes Enforcement Network (FinCEN) of the U.S. Treasury Department issued a Notice of Proposed Rulemaking (RIN 1506-AB08) on February 23 regarding the requirements for certain U.S. persons to file Form TD F 90-22.1... more
LawFlash/Client Alert | Employee Benefits LawFlash
Employee Benefits Practice
On January 5, 2010, the Internal Revenue Service (IRS) issued Notice 2010-6 (Notice), which establishes a document correction program for nonqualified deferred compensation programs under section 409A of the Internal Revenue Cod... more
LawFlash/Client Alert | Employee Benefits LawFlash
Employee Benefits Practice
On November 16, the Internal Revenue Service (IRS) issued final regulations with respect to options granted under an employee stock purchase plan (ESPP) under Section 423 of the Internal Revenue Code (the Code). The IRS also is... more
LawFlash/Client Alert | Employee Benefits LawFlash
Employee Benefits Practice
A prior Morgan Lewis LawFlash addressed the proposed changes by RiskMetrics Group (RMG) (formerly Institutional Shareholder Services, or ISS) to its proxy advisory policies to be in effect for the 2010 proxy season. more
LawFlash/Client Alert | Employee Benefits LawFlash
Employee Benefits Practice
On December 19, President Obama signed the Department of Defense Appropriations Act 2010 into law, and as a result, extended the COBRA American Recovery and Reinvestment Act of 2009 (ARRA) 65% assistance payment provisions adopt... more
LawFlash/Client Alert | Employee Benefits LawFlash
Employee Benefits Practice
On November 16, the Internal Revenue Service (IRS) issued final regulations relating to the reporting requirements under Section 6039 of the Internal Revenue Code (the Code) for incentive stock options (ISOs) and employee stock ... more
LawFlash/Client Alert | Employee Benefits LawFlash
Employee Benefits Practice
While it is still too early to tell whether the healthcare reform bills on Capitol Hill will ultimately become law-or collapse into bitter recriminations-it is already possible to pick out the core employer group health plan con... more
LawFlash/Client Alert | Tax-Exempt Organizations LawFlash
Tax-Exempt Organizations Practice
The Internal Revenue Service (IRS) recently released a new governance check sheet that its agents will use to collect data about the governance practices and related internal controls of 501(c)(3) public charities under examinat... more
LawFlash/Client Alert | Employee Benefits LawFlash
Employee Benefits Practice
While our nation's eyes are focused on Washington, D.C. and the continuing debate about healthcare reform, another year is drawing to a close-and there are many other developments that must be addressed by health and welfare pl... more
LawFlash/Client Alert | Employee Benefits LawFlash
Employee Benefits Practice
The following checklist describes important issues for consideration as 2009 comes ta close and we enter int2010. Though not exhaustive, this list is intended tprovide a reminder of some of the issues that will need tbe consider... more
LawFlash/Client Alert | Employee Benefits LawFlash
Employee Benefits Practice
On September 24, the Internal Revenue Service (IRS) issued Notice 2009-82, which provides for a November 30, 2009 deadline for defined contribution plan sponsors to finalize their required minimum distribution (RMD) waiver proc... more
LawFlash/Client Alert | Employee Benefits LawFlash
Employee Benefits Practice
Recently, RiskMetrics Group (RMG) (formerly Institutional Shareholder Services, or ISS) released proposed changes to its proxy advisory policies to be in effect for the 2010 proxy season. The comment period on the proposed poli... more
LawFlash/Client Alert | Employee Benefits LawFlash
Employee Benefits Practice
On October 27, the Employee Benefits Security Administration of the U.S. Department of Labor (DOL) released Advisory Opinion 2009-03A (Advisory Opinion), which could have implications for brokerage firms and other financial inst... more
LawFlash/Client Alert | Employee Benefits LawFlash
Employee Benefits Practice
On November 10, the IRS released Announcement 2009-82, which gives sponsors of cash balance and other hybrid pension plans additional time to bring their plans into compliance with the Pension Protection Act of 2006 (PPA) requir... more
LawFlash/Client Alert | Employee Benefits LawFlash
Employee Benefits Practice
On October 23, the U.S. Department of Labor (DOL) released its much-anticipated guidance on how to complete the new Schedule C to Form 5500. The new Schedule C must be used to report certain direct and indirect compensation rec... more
LawFlash/Client Alert | Employee Benefits LawFlash
Employee Benefits Practice
On October 15, the Internal Revenue Service (IRS) announced in a news release (IR-2009-094) the cost-of-living adjustments to be applicable to dollar limitations for defined benefit pension and defined contribution plans and oth... more
LawFlash/Client Alert | Employee Benefits LawFlash
Employee Benefits Practice
Sponsors of defined benefit pension plans are now required to post certain information from IRS Form 5500 on their internal company intranets. This posting requirement was added by the Pension Protection Act of 2006 (PPA) effec... more
LawFlash/Client Alert | Employee Benefits LawFlash
Employee Benefits Practice
The Internal Revenue Service (IRS) has quietly unveiled its most significant audit initiative in decades—an initiative the IRS confirmed last week with little fanfare even though its expansive scope will target the federal... more
LawFlash/Client Alert | Employee Benefits LawFlash
Employee Benefits Practice
New interim final regulations issued under the Genetic Information Nondiscrimination Act of 2008 (GINA) require employers to quickly evaluate and implement the new regulations before the 2010 plan year, especially with regard to... more
LawFlash/Client Alert | Employee Benefits LawFlash
Employee Benefits Practice
On September 5, the Internal Revenue Service (IRS) and the Department of Treasury issued new guidance as part of the Obama administration's initiatives aimed at retirement and savings. The guidance, issued in the form of four n... more
LawFlash/Client Alert | Employee Benefits LawFlash
Employee Benefits Practice
As fall approaches, it is important for plan sponsors to review whether any qualified plan action items must be addressed prior to year-end. The following checklist describes potential year-end amendments and notices that may b... more
LawFlash/Client Alert | Employee Benefits LawFlash
Employee Benefits Practice
On September 8, the U.S. Department of Labor (the DOL) issued EBSA Field Assistance Bulletin No. 2009-3, which addresses whether a plan fiduciary may use a mutual fund's summary prospectus to satisfy its prospectus delivery... more