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Tuesday, December 18th, 2018

Overview This month, the Internal Revenue Service (“IRS”) issued eagerly-awaited proposed regulations regarding hardship distributions for 401(k) and 403(b) plans.  The recent passage of the Bipartisan Budget Act of 2017 (“BBA”) and the Tax Cuts & Jobs Act of 2018…

Friday, June 22nd, 2018

According to the U.S. Government Accountability Office, elder financial abuse and fraud costs older Americans $2.9 billion annually. This abuse ranges from scam emails and phone calls to loved ones pressuring elders into financial transactions they would not otherwise perform….

Sunday, June 3rd, 2018

The Department of Labor (DOL) issued final regulations this week to expand the usefulness and availability of “association health plans” by reducing the restrictions on the types of employers that may join together to form “associations” for the purpose of…

Friday, April 20th, 2018

As you probably know, the Tax Cut and Jobs Act of 2017 (the “Act”) was signed into law by President Trump on December 22, 2017. The Act made a wide variety of changes to the Internal Revenue Code, which affect…

Tuesday, April 10th, 2018

On March 28, 2018, Alabama joined the other forty-nine states by enacting a ground-breaking new data breach notification law – one of the most comprehensive in the nation. The Alabama Data Breach Notification Act of 2018, which will go into effect…

Tuesday, April 3rd, 2018

It’s that time of the year – a time for clearing out the clutter, fresh beginnings and new growth. Most people associate Spring cleaning with home, but the concepts are also quite applicable to businesses. It truly is the ideal…

Friday, March 23rd, 2018

On March 21, 2018, Alabama Governor Kay Ivey nominated 158 population census tracts (at least one in each of Alabama’s 67 counties) for designation as “qualified opportunity zones” (“opportunity zones”) pursuant to the Tax Cut and Jobs Act of 2017…

Thursday, February 8th, 2018

The Tax Cuts and Jobs Act that became law in December 2017 includes a tax benefit for certain employers that offer paid family and medical leave to their employees. The tax credit is available for the 2018 and 2019 tax…

Friday, January 26th, 2018

The Department of Labor (DOL) issued a proposed rule to expand the usefulness and availability of “association health plans” by reducing the restrictions on the types of employers that may join together to form “associations” for the purpose of offering…

Friday, December 29th, 2017

Friends and Clients: We wanted to pass along welcome news from the IRS regarding ACA reporting requirements under Code Sections 6055 and 6056 for the 2017 calendar year (to be completed in 2018). As with prior years, the IRS has…