The Federal Reserve Board and U.S. Department of the Treasury Secretary Steven Mnuchin on April 9, 2020, announced new and expanded measures aimed at providing up to $2.3 trillion in relief to U.S. businesses, states and...more
Congress has completed three rounds of legislation in response to the COVID-19 pandemic and resulting economic crisis. These include an $8.3 billion supplemental appropriation (round 1) signed into law on March 6, as well as...more
President Donald Trump on March 27, 2020, signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), providing $2.2 trillion of emergency appropriations. The CARES Act provides a wide range of...more
Congress has completed two rounds of legislation in response to the coronavirus (COVID-19) pandemic and resulting economic crisis. These include an $8.3 billion supplemental appropriation (round 1) signed into law on March 6,...more
Following President Donald Trump's signing of round two legislation, the Families First Coronavirus Response Act, into law, all eyes are on the quickly developing round three legislation that is currently being negotiated....more
Following Senate passage of the Families First Coronavirus Response Act (round two), the Administration and Senate are already busy finalizing measures to be included in round three, which will be focused on economic distress...more
The House of Representatives has passed a corrections bill for H.R. 6201, the Families First Coronavirus Response Act. The bill will now be considered by the Senate. Key provisions that have attracted significant attention...more
3/17/2020
/ Coronavirus/COVID-19 ,
Department of Labor (DOL) ,
Emergency Response ,
Employer Responsibilities ,
Family and Medical Leave Act (FMLA) ,
HDHPs ,
Paid Leave ,
Pending Legislation ,
Sick Leave ,
State of Emergency ,
Tax Credits ,
Unemployment Insurance ,
Wage and Hour
After passing $8.3 billion in supplemental appropriations for federal agencies to respond to the coronavirus (COVID-19) outbreak earlier this month, Congress is moving forward with its second legislative response, the...more
3/17/2020
/ Coronavirus/COVID-19 ,
Emergency Response ,
Employer Responsibilities ,
Family and Medical Leave Act (FMLA) ,
HDHPs ,
Paid Leave ,
Pending Legislation ,
Sick Leave ,
State of Emergency ,
Tax Credits ,
Unemployment Insurance ,
Wage and Hour
The Federal Insurance Contributions Act (FICA) imposes a tax on employee wages, and requires contributions from employers in order to fund Social Security and Medicare. Currently, the Social Security portion of FICA tax...more
World health officials are responding to an outbreak of a new respiratory disease called coronavirus disease 2019 (COVID-19). The virus that causes COVID-19 was first detected in China in the final days of 2019, and has now...more
The U.S. House of Representatives' Committee on Education and Labor on March 11, 2020, held a hearing on The Healthy Families Act (H.R. 1784). The bill, which was introduced in early 2019, requires employers to provide at...more
• Based on a new review of nonprofit hospitals by Senate Finance Committee Chairman Charles Grassley (R-Iowa), a congressional investigation is expected that directly requests a number of specific hospitals to answer...more
2/25/2019
/ 501(c)(3) ,
Affordable Care Act ,
Charitable Organizations ,
Congressional Investigations & Hearings ,
Congressional Oversight ,
Enforcement Actions ,
Health Care Providers ,
Internal Revenue Code (IRC) ,
IRS ,
Non-Profit Hospitals ,
Section 501r ,
Senate Finance Committee ,
Tax Exempt Entities ,
Tax Liability
• The Internal Revenue Service (IRS) released IRS Notice 2019-09 (Notice) offering guidance under Section 4960 of the Internal Revenue Code as added by the Tax Cuts and Jobs Act.
• Section 4960 applies to certain...more
2/4/2019
/ Comment Period ,
Compensation & Benefits ,
Corporate Taxes ,
Employee Benefits ,
Excise Tax ,
Executive Compensation ,
Golden Parachutes ,
Interim Guidance ,
Internal Revenue Code (IRC) ,
IRS ,
Public Comment ,
Tax Cuts and Jobs Act ,
Tax Exempt Entities ,
Tax Exemptions ,
Tax Planning