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Search OptionsInsightsHouse of Representatives Passes Historic MORE Act to Decriminalize Cannabis at Federal Level
On Friday, December 4th, 2020, the U.S. House of Representatives passed H.R. 3884, the Marijuana Opportunity Reinvestment and Expungement Act (MORE Act) by a vote of 228 to 164. If enacted, the MORE Act would end federal prohibition of cannabis,… IRS Deflates the Hope Balloon of PPP Borrowers
On November 18, 2020, the Internal Revenue Service (IRS) issued Revenue Ruling 2020-27 and Revenue Procedure 2020-51, which, respectively, provided additional guidance regarding the IRS position on the non-deductibility of expenses funded with… DOL Opinion Letter Addresses When Travel Time Between Work Sites is Compensable for Non-Exempt Employees
Employers with non-exempt employees who travel to and from various worksites should review and be aware of the impact of a recently issued opinion letter, FLSA 2020-16, from the U.S. Department of Labor’s (“DOL”) Wage and Hour Division (“WHD”),… Training and Compensable Time: The DOL's Opinion Letter on when an Employee Must be Paid
On November 3, 2020, the Department of Labor (DOL) issued an Opinion Letter addressing various situations in which an employee was engaged in training activities and opined as to whether or not such training was compensable time under the Fair… Don't Lose Focus on Your Compliance with Important COVID-19 Requirements
The HHS Office of Inspector General (“OIG”) published its intent to review some key measures the Federal government made in response to COVID-19. Those key measures include the Medicare program’s telehealth policy changes and oversight of funds… Animals Welcome? Legal Protections for Assistance Animals
“Our perfect companions never have fewer than four feet.” ~ Sidonie-Gabrielle Colette Over time, dogs and other animals have played many roles in society that span beyond being comforting companions in our homes. Of these roles, arguably one of the… IRS Announces Higher Estate and Gift Tax Rates for 2021...But....?
On October 26, 2020, the Internal Revenue Service (“IRS”) announced the official estate and gift tax limits for 2021. Currently, the estate and gift tax exemption equivalent is $11.58 million per individual (or $23.16 million for a married couple).… The Importance of Paying Attention to Notices Received in Bankruptcy Cases: Creditor Misses Proof of Claim Bar Date and Loses Claim for $2 Million
A recent decision from the United States Bankruptcy Court for the Central District of Illinois (“Court”) is a stark reminder of the importance of paying attention to notices received from bankruptcy cases and the need for creditors to consider… Indiana Supreme Court Further Extends Partial Protection of CARES Act Recovery Rebates
As noted in prior Alerts, in its order issued April 20, 2020, the Indiana Supreme Court exercised its emergency rule-making authority to order that all Indiana trial courts “shall issue no new orders placing a hold on, attaching, or garnishing funds… COVID-19 Webinars & Podcasts
Employment, Employee Benefits, and ESOP
OCC Issues Final "True Lender" Rule
On October 27, 2020, the Office of the Comptroller of the Currency (“OCC”) issued the final version of its “true lender” rule (the “Final Rule”). The Final Rule resolves uncertainty regarding which entity in a lending partnership between a bank and… |
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