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One effective way to assist hurricane victims is for employers to give employees the option of donating leave that can be converted into cash charitable contributions. For practical tips on how to set up this type of program, please read Hurricane Recovery Client Alert: Establishing a Charitable Leave Donation Program.
Join Morgan Lewis in September for these upcoming programs on a variety of employee benefits and executive compensation topics
A variety of tax-favored vehicles exist for employers and their employees to donate cash or even accrued leave to assist those impacted by Hurricane Harvey’s devastation. Our Hurricane Harvey Client Alert addresses four types of employer-sponsored relief programs that allow employers to provide assistance on a tax-advantaged basis.
Following recent changes to Securities and Exchange Commission (SEC) and NASDAQ Stock Market rules, most standard broker-dealer securities transactions will have to be settled within two business days after the trade date, effective September 5, 2017. A settlement cycle extending the trade date plus two business days is commonly referred to as a “T+2” settlement. Prior to the rule change, investors generally had three business days after the trade date to settle securities transactions, known as a “T+3” settlement cycle.

Join Morgan Lewis in June for these upcoming programs on a variety of employee benefits and executive compensation topics

In a previous post, we summarized a new Financial Accounting Standards Board (FASB) rule that allows increased share withholding for taxes under United States Generally Accepted Accounting Principles (GAAP).
Passed through a budget reconciliation process (which only requires a bare majority but limits the provisions to items that impact the budget), the AHCA now goes on to the Senate, which is expected to significantly modify if not fully replace the AHCA with its own legislative language.

Morgan Lewis has launched its Qualified Plan Opinion Program (QPOP). The program was developed in response to the void left by the discontinuance of the Internal Revenue Service’s five-year cycle retirement plan tax qualification determination letter program. Under the QPOP, we will offer opinions as to whether retirement plans satisfy current tax qualification requirements in form (i.e., the terms of the plan document). The QPOP is further described in this announcement.

The IRS has implemented new procedures—effective April 1, 2017—for information document requests for audits of Tax Exempt and Government Entities (TE/GE), including audits of qualified plans and 403(b) plans.