Assisting employees who are struggling with student loan debt is an emerging priority for many employers.  Following the Internal Revenue Service’s release in August 2018 of a private letter ruling, widely thought to have been requested by Abbott Laboratories, that permits the employer to “match” student loan repayments in the company’s 401(k) plan, there have

Although Section 408(d)(8) has been part of the Internal Revenue Code (“IRC”) for more than 10 years, and provides for a popular benefit by enabling persons who are older than age 70 ½ to make charitable contributions (up to $100,000 for a taxable year) by directing that all or any portion of their required minimum

Connecticut is one of five states that, in recent years, has implemented an “auto-IRA” program, in which private employers automatically deduct a set amount from their employees’ paychecks and contribute that amount to an individual retirement account established through the state system. The Connecticut Retirement Security Exchange (the “Exchange”), along with similar programs in California,

According to recent reports, the much anticipated second set of Opportunity Zone proposed regulations should be released by the Internal Revenue Service within the next couple of weeks. Bloomberg News reported on Monday, March 18, 2019 that the Internal Revenue Service sent the proposed regulations to the White House’s regulatory review office on March 12,

Join Shipman & Goodwin exempt organization tax attorney Ray Casella for this informative webinar discussing the new UBTI rules applicable to employer-provided parking. He will address questions about UBTI including:

  • Why do we have it?
  • How do we comply with it?
  • How do we minimize it?

Who should attend: Non-Profit Tax Exempt Organizations

When:

As followers of this blog know, and as explained in our 2018 Connecticut Tax Law Update, Connecticut imposes sales tax economic nexus.

In Connecticut, the definitions of the terms “engaged in business in the state” and “retailer” have been modified so as to now subject to Connecticut taxing jurisdiction, to the extent not prohibited

On Friday, March 8, Bloomberg News published an article claiming that the IRS is likely to issue additional regulations regarding states’ efforts to circumvent the state and local tax deduction limitation put in place pursuant to the Tax Cuts and Jobs Act. Bloomberg News quotes Scott Dinwiddie, of the IRS’s Income Tax and Accounting Division