News & Analysis as of

American Rescue Plan Act of 2021

Brownstein Hyatt Farber Schreck

The Future of eAPTCs

Income-based Advance Premium Tax Credits (APTCs) were established through the Affordable Care Act (ACA) to make health insurance more affordable for qualifying Americans purchasing coverage through the Marketplaces. However,...more

McDermott Will & Schulte

IRS roundup: October 23 – November 6, 2025

McDermott Will & Schulte on

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for October 23, 2025 – November 6, 2025. ...more

Holland & Knight LLP

Open Season Nears: Advanced Premium Tax Credits and Potential Paths Forward

Holland & Knight LLP on

The federal government is in the midst of a shutdown that is centrally focused on a dispute regarding the level of financial assistance that should be provided to individuals and families purchasing health insurance plans on...more

Groom Law Group, Chartered

Third Circuit Upholds PBGC Special Financial Assistance Regulations and Enforces an Employer’s Agreement Regarding Withdrawal...

On September 16, 2025, the United States Court of Appeals for the Third Circuit in In re Yellow Corp., No. 25-1421: (i) upheld regulations issued by the Pension Benefit Guaranty Corporation (“PBGC”) that partially exclude...more

A&O Shearman

Executive compensation and employee benefits provisions of the Budget Reconciliation Bill

A&O Shearman on

On July 3, 2025, Congress passed H.R. 1, “An Act to Provide for Reconciliation Pursuant to Title II of H. Con. Res. 14” (the “Act”), which was signed into law on July 4, 2025. The Act sets out a wide range of changes to U.S....more

Whiteford

Client Alert: The Employee Retention Credit and How to Handle Unprocessed Claims

Whiteford on

The Employee Retention Credit (ERC) was introduced as part of the March 2020 Coronavirus Aid, Relief, and Economic Security (CARES) Act to encourage businesses to maintain their workforce during the economic disruptions of...more

Goodwin

Internal Revenue Code Section 162(m): Proposed Regulations

Goodwin on

On January 14, 2025, the Internal Revenue Service and the US Treasury Department issued proposed regulations under Section 162(m) of the Internal Revenue Code (Code) to implement changes under the American Rescue Plan Act of...more

Eversheds Sutherland (US) LLP

Proposed regulations explain the expansion of “covered employees” under Code Section 162(m)

On January 14, 2025, the Department of the Treasury and the Internal Revenue Service issued proposed regulations (Proposed Regulations) relating to the expansion of the definition of “covered employees” under Internal Revenue...more

Troutman Pepper Locke

IRS Issues Proposed Regulations on the Expanded Definition of "Covered Employee" Under Code Section 162(m)

Troutman Pepper Locke on

On January 16, the Internal Revenue Service (IRS) published proposed regulations ( 90 FR 4691) under Section 162(m) of the Internal Revenue Code. Section 162(m) generally limits the deductibility of compensation paid in any...more

Nutter McClennen & Fish LLP

IRS Issues New Proposed Regulations Under 162(m)

On January 14, 2025, the Internal Revenue Service (the “IRS”) issued new proposed regulations under section 162(m) of the Internal Revenue Code (the “Code”), supplementing regulations already in effect. Under section 162(m),...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Water Affordability Needs Assessment: U.S. Environmental Protection Agency Issues Report to Congress

The United States Environmental Protection Agency (“EPA”) has announced the issuance of a December 17, 2024 report titled: Water Affordability Needs Assessment: Report to Congress (“Report”)....more

Stinson LLP

1099-K Reporting: More Time to Transition to the $600 Reporting Threshold

Stinson LLP on

In the American Rescue Plan Act of 2021, Congress and the Biden administration lowered the minimum reporting threshold for filing information returns relating to “reportable payment transactions” (a payment card is accepted...more

Eversheds Sutherland (US) LLP

IRS provides additional transition relief for third party settlement organizations reporting on Form 1099-K

On November 26, 2024, the IRS issued Notice 2024-85, providing a revised timeline for the transition to the $600 threshold in section 6050W(e), as amended by the American Rescue Plan Act of 2021, for third-party settlement...more

Fisher Phillips

Bankruptcy Court Upholds PBGC Rules, Says Massive Pension Fund Bailouts Can’t Reduce Employer’s Withdrawal Liability: Your 5 Key...

Fisher Phillips on

A bankruptcy court in Delaware recently upheld rules issued by the Pension Benefit Guaranty Corporation (PBGC) that severely impact how liability is calculated for employers withdrawing from multiemployer pension plans...more

Seward & Kissel LLP

Withdrawal Symptoms, Tupperware Party, and Gating Question

Seward & Kissel LLP on

Bankruptcy court clarifies Yellow Corp. owes pensions | WSJ - A Del. bankruptcy court stated Yellow Corp. is liable for some portion of the $6.5 billion in withdrawal liability claims, but the exact amount to be paid is...more

Cozen O'Connor

Cozen Cities - August 14, 2024

Cozen O'Connor on

Gig Economy & Technology NEW YORK — City Deploys Drones for Major Storm Warnings- New York City emergency management officials have deployed five teams with multiple drones to warn residents in basement or ground-floor...more

Ruder Ware

August Constitutional Referenda to Decide Who Spends Federal Funds

Ruder Ware on

Statewide ballot referenda are not new to voters in the Badger State. There are four scenarios in which a question may be directly asked of voters: whether to amend the state’s constitution; ratification of a law extending...more

Jackson Lewis P.C.

The End of Chevron Deference and the Anticipated Impact on Withdrawal Liability

Jackson Lewis P.C. on

The U.S. Supreme Court recently overturned the decades-old Chevron doctrine of judicial deference to a federal agency’s interpretation of an ambiguous statute. (See “Go Fish! U.S. Supreme Court Overturns ‘Chevron Deference’...more

Allen Barron, Inc.

"Selling Items Online? Is the IRS Watching?"

Allen Barron, Inc. on

Are you selling items online or receiving payment for goods and/or services on platforms such as PayPal, Venmo, eBay, Zelle, Etsy, or Cash App? Online platforms are the preferred method of shopping for most Americans. These...more

Ankura

The American Childcare Industry: Challenges and Opportunities in 2024

Ankura on

The childcare industry has long been a crucial pillar of the U.S. economy, enabling parents to work and contributing significantly to national stability. However, the past decade has seen unprecedented challenges,...more

Cozen O'Connor

Cozen Cities - June 5, 2024

Cozen O'Connor on

BALTIMORE — Visiting Tech Companies Want to Expand Baltimore Presence- The latest Techstars Equitech Accelerator brought several innovative companies to Baltimore, with founders expressing their commitment to expanding...more

Epstein Becker & Green

PRF Update: HRSA Sends Out “Audit Reporting Requirement Attestation” Notice Mandating Quick Action

HRSA’s “Audit Reporting Requirement Attestations” arrived in inboxes on Friday, March 22, 2024, and require a response by Friday, April 5, 2024.  The government is under pressure to show that the money distributed under the...more

Schwabe, Williamson & Wyatt PC

Tribal Governments’ Flexibility with SLFR Funds

On Friday, March 29, the U.S. Department of Treasury published new FAQs that address the eligible uses of State and Local Fiscal Recovery Funds by Tribal Governments. The American Rescue Plan Act provided $350 billion to...more

Mintz

Mintz IRA Update — Removal of AMP-Cap on Medicaid Rebates Causes Insulin Price Decrease

Mintz on

Insulin costs lowered to $35 dollars per month for many patients this year as three major insulin manufacturers — Sanofi, Novo Nordisk, and Eli Lilly — began offering price caps or savings programs.[1] This strategy was...more

Kohrman Jackson & Krantz LLP

USDA and ODA Resilient Food Systems Infrastructure Program Announcement

In January, the U.S. Department of Agriculture’s (USDA) and the Ohio Department of Agriculture (ODA) announced a new cooperative agreement to allocate $12.4 million in Resilient Food Systems Infrastructure Program (RFSI)...more

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