News & Analysis as of

Education Tax

Read need-to-know updates, commentary, and analysis on Education issues written by leading professionals.

110th Tennessee General Assembly Session Ends for 2017

The Tennessee Legislature completed its first session of the 110th General Assembly this Wednesday. The flag flying over the Capitol, signifying the body is in session, was taken down. The General Assembly will reconvene on...more

Partial Victories to Two Universities in Their Motions to Dismiss Code Section 403(b) Fee Litigation

by McDermott Will & Emery on

Multiple large, class action lawsuits have been filed against prominent higher education institutions claiming fiduciary breaches under their Code Section 403(b) plans as a result of insufficient oversight of plan...more

NC Legislative Update: May 2017 #2

by Nexsen Pruet, PLLC on

This Week - The Senate budget dominated the NCGA this week. Senate leadership released their spending proposal late in the evening on Tuesday and held Committees throughout the day on Wednesday before second reading on...more

News from Second and State

Weekly Wrap - It was a busy week in Harrisburg, with both the House of Representatives and the Senate here for one of only two weeks of voting session scheduled for this month. On Monday, the legislature continued...more

For-Profit Schools Ruled Exempt From Michigan Personal Property Tax

by Miller Canfield on

In a departure from past interpretation, the Michigan Supreme Court issued a ruling on May 1, 2017 expanding the use of personal property tax exemptions available to for-profit institutions. In SBC Health Midwest, Inc. v City...more

If It Doesn’t Say So, It Aint So: Michigan Supreme Court Holds For-Profit Schools Entitled To Property Tax Exemption

by Fraser Trebilcock on

A unanimous Michigan Supreme Court decision this week will have big implications for for-profit schools and colleges – and even for-profit laboratories, research and development facilities, and test centers. On Monday,...more

Leading Tax Counsel For College Athletes Advise They May Not Realize How Good They Now Have It

by Ropes & Gray LLP on

In this interview with the LEAD Association, tax partner Lorry Spitzer examines the tax implications of paying college athletes....more

Final 2016 Cook County Equalization Factor Released

by Franczek Radelet P.C. on

Last Friday the Illinois Department of Revenue released the final 2016 Cook County equalization factor, which will be used to calculate the second installment property tax bills that are anticipated to be due in August 2017....more

FY2018 Massachusetts Budget Update: House Ways and Means Budget

On Monday, April 10th, the House Ways and Means Committee proposed a $40.3 billion budget for FY2018 that calls for increasing spending by 3.8 percent, or about $1.47 billion, above FY2017 levels. The spending increase is...more

New York State lawmakers pass final budget

by Dentons on

The weekend of April 9 saw the passage of the New York State budget after the state Assembly and Senate, respectively, closed out Saturday and Sunday legislative sessions at the state Capitol in Albany. The final passage...more

IRS to Notify 100,000 Taxpayers That Their Information May Have Been Obtained Through Misuse of FAFSA Retrieval Tool

On Thursday, Internal Revenue Service (“IRS”) Commissioner John Koskinen testified that the personal data of up to a 100,000 taxpayers could have been compromised as a result of criminal use of the Free Application for...more

Minnesota Weekly Legislative Update: What to Expect After Spring Recess?

by Faegre Baker Daniels on

The legislature heads into its spring recess today, Friday, April 7. The House and Senate have spent the last several weeks finalizing and debating their budget and tax bills. When they reconvene on April 18, 2017 they will...more

IRS is Hacked, Again!

The New York Times reported yesterday that identity thieves may have compromised up to 100,000 U.S. taxpayer accounts. The criminals apparently took advantage of a software tool that loaded information from tax returns onto...more

FAFSA Data Retrieval Tool Remains Down Over Security Concerns

Last week, the Internal Revenue Service (IRS) and Federal Student Aid (FSA) announced that the Data Retrieval Tool (DRT) on fafsa.gov and StudentLoans.gov will be unavailable until extra security protections could be added....more

Georgia Weekly Legislative Update - April 2017

by Dentons on

The Georgia General Assembly adjourned for the year in the early morning hours of Friday, sending to Governor Nathan Deal a major slate of bills, including a failing schools turnaround program, a pilot program for highly...more

North Carolina Legislative Update - March, 2017 #5

by Brooks Pierce on

This week at the Legislature, HB2 was repealed and replaced, Senate confirmation of Cabinet secretaries continued, and Legislators filed dozens of bills ahead of filing deadlines. HB2 “Reset” (HB142) - Thursday,...more

Window On Washington - This Week in the Nation's Capital - Vol. 1, Issue 2

by Clark Hill PLC on

Budget/Appropriations - April Deadline: The first deal Trump must cut is one to keep the government open past April 28, and here Republicans and Democrats mostly want him to get out of the way. Senate appropriators in...more

IRS Warns Schools of Dangerous Email Scam

by Shipman & Goodwin LLP on

On March 28, 2017, the IRS warned schools, universities, government entities and tax exempt organizations of a dangerous email scam currently circulating nationwide and targeting employers. According to the IRS, the scammer...more

Canada Federal Budget 2017

by Dentons on

The Government of Canada has released this year’s Federal Budget, and the Tax group at Dentons has prepared a Special Report providing a detailed analysis and concise summary of the changes featured in the Budget. The Report...more

Minnesota Weekly Legislative Update: Legislation Continues to Move as First Committee Deadline Nears

by Faegre Baker Daniels on

Today marks the first committee deadline in the legislative session. By midnight tonight, bills must be approved by policy committees in the House or the Senate. Next Friday is the second committee deadline, by which all...more

Georgia Weekly Legislative Update - March 2017

by Dentons on

The Georgia General Assembly will turn the page this evening on one of the session’s most frenzied legislative weeks, sprinting to the Crossover hard stop by which all non-budgetary bills must have cleared at least one...more

ABLE Accounts Begin to Spread Across Nation

A law signed by President Obama in 2014 allows people with disabilities who became disabled before they turned 26 to set aside up to $14,000 a year in tax-free savings accounts without affecting their eligibility for...more

Governor Baker Files FY2018 Budget

On Wednesday, January 25th, Governor Charlie Baker announced a $40.508 billion budget for FY2018 that increases state spending by a projected $1.65 billion, or 4.3 percent, over FY2017 levels. The budget proposal, Baker’s...more

IRS Warns Schools of Targeted W-2 Phishing Scams

by Shipman & Goodwin LLP on

Originally published in the IRS EO Update: e-News for Charities & Nonprofits newsletter - February 3, 2017. The Internal Revenue Service, state tax agencies and the tax industry issued an urgent alert today to all...more

Governor Kasich Releases $144 Billion State Budget Proposal - What You Need to Know

by Roetzel & Andress on

Yesterday, Governor Kasich released the executive version of the state’s two-year operating budget (Fiscal Years 2018-2019), which includes proposed spending of over $144 billion during the biennium. Similar to his previous...more

363 Results
|
View per page
Page: of 15
Cybersecurity

Follow Education Updates on:

"My best business intelligence,
in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign up using*

Already signed up? Log in here

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.

Feedback? Tell us what you think of the new jdsupra.com!