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Results:1-10 of 59

Tax-Exempts May Limit Fund Investments Pursuant to New IRS Guidance on UBTI
  • Proskauer Rose LLP
  • USA
  • August 30 2018

On August 21, 2018, the Internal Revenue Service ("IRS") released Notice 2018-67 (the "Notice"), addressing issues relevant to tax-exempt


Like-kind exchange of life insurance policies PLR 201304003
  • Proskauer Rose LLP
  • USA
  • May 1 2013

The IRS privately ruled that the exchange by an irrevocable trust of a second-to-die life insurance policy for a new first-to-die policy would


McGowen v. Comm’r, 2011 U.S. App. Lexis 18407 (10th Cir., Sept. 2, 2011)
  • Proskauer Rose LLP
  • USA
  • November 15 2011

The Tenth Circuit has affirmed a Tax Court decision finding that a taxpayer who borrowed against the cash value of an insurance policy must realize income under I.R.C. 72 when the policy was terminated by the carrier.


IRS releases guidance on Form W-2 informational reporting requirement
  • Proskauer Rose LLP
  • USA
  • April 4 2011

On March 29, 2011, the Internal Revenue Service ("IRS") released Notice 2011-28, which provides guidance to employers on the requirement under the Affordable Care Act (the "Act") to report the cost of employer-sponsored health coverage on employees' annual Forms W-2.


State tax issues under the Affordable Care Act
  • Proskauer Rose LLP
  • USA
  • February 14 2011

In general, coverage under a group health plan for an employee, spouse, and other "eligible tax dependents" is excludable from the employee's gross income for federal tax purposes.


IRS defers application of nondiscrimination rules for insured group health plans
  • Proskauer Rose LLP
  • USA
  • December 23 2010

On December 22, 2010, the Internal Revenue Service ("IRS") released Notice 2011-1, which defers application of certain nondiscrimination requirements applicable to insured group health plans under the Affordable Care Act (the "Act").


FSA to strengthen Remuneration Code
  • Proskauer Rose LLP
  • United Kingdom
  • December 23 2010

On December 17, 2010, the UK Financial Services Authority (the "FSA") published its final revised Remuneration Code rules which comes into force on January 1, 2011 (and covers bonus payments with respect to the 2010 fiscal year).


New informal guidance issued on various health reform mandates
  • Proskauer Rose LLP
  • USA
  • September 24 2010

On September 20, 2010, new important guidance relating to the Patient Protection and Affordable Care Act ("PPACA") was issued by the U.S. Department of Labor (“DOL”) and the Internal Revenue Service (“IRS”).


Health coverage for children to age 26: interim final regulations
  • Proskauer Rose LLP
  • USA
  • May 11 2010

On May 10, 2010, the Departments of Labor and Health and Human Services published interim final regulations (the "Regulations") implementing the requirements regarding dependent coverage of children who have not attained age 26 for group health plans and health insurance issuers under the provisions of the Affordable Care Act (the "Act").


Important IRS guidance on tax treatment of health coverage for children under age 27
  • Proskauer Rose LLP
  • USA
  • April 28 2010

On April 27, 2010, the Internal Revenue Service (the "IRS") issued Notice 2010-38 (the "Notice"), which provides important guidance regarding the tax treatment of employer-provided health coverage to employees' adult children.