201909.130

Will the United States Enact a Federal Law on Privacy?

By Alex Rainville With corporate giants like Amazon, IBM, Citigroup, and 48 others pushing for federal legislation on privacy, will the United States Congress act? In a letter to Congress, dated September 10, 2019, these corporate giants are pushing for a “comprehensive consumer data privacy law” that will stabilize the myriad of state rules. In…

201908.280

Why Consider a Wrap Plan related to your Employee Benefits?

Employment

Why Consider a Wrap Plan related to your Employee Benefits? August 9, 2019 Vandenack Weaver LLC Benefits, Business Management, Qualified Retirement Plans, Tax & BusinessBenefit Plans, employee benefits, Employee Retirement Income Security Act, ERISA, Wrap Plan A Wrap Plan is a single welfare benefit plan that combines employee health and welfare benefit plans into one plan. A Wrap Plan can save employers time, filing costs,…

201806.220

U.S. Supreme Court Expands Rights of States to Collect Tax on Internet Transactions

Since the dawn of the Internet, online sellers have benefited from a line of United States Supreme Court precedent that prevented states from requiring out-of-state businesses to collect and remit sales tax on sales in states where the seller has no “physical presence.” On June 21, 2018, the Court discarded its longstanding “physical presence” test,…

201806.110

IRS Issues Notice on State and Local Tax Deductions

From: Vandenack Weaver LLC On May 23, 2018 the U.S. Department of Treasury and the Internal Revenue Service issued Notice 2018-54, which announced new  proposed regulations addressing state and local tax payment deductions for federal income tax purposes. The 2017 Tax Cuts and Jobs Act places limits on an individual’s deduction to $10,000 ($5,000 in…

201802.210

Passport Revocation for Seriously Delinquent Tax Debt

Tax

From Helsell Fetterman In 2015, Congress passed the Fixing America’s Surface Transportation (FAST) Act, which requires the State Department to deny an individual’s passport application and revoke or limit an individual’s passport if the IRS has certified to the State Department that the individual has a “seriously delinquent tax debt.” After several years of non-enforcement,…