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Search OptionsInsightsIRS Announces Higher Estate and Gift Tax Rates for 2021...But....?
On October 26, 2020, the Internal Revenue Service (“IRS”) announced the official estate and gift tax limits for 2021. Currently, the estate and gift tax exemption equivalent is $11.58 million per individual (or $23.16 million for a married couple).… The Importance of Paying Attention to Notices Received in Bankruptcy Cases: Creditor Misses Proof of Claim Bar Date and Loses Claim for $2 Million
A recent decision from the United States Bankruptcy Court for the Central District of Illinois (“Court”) is a stark reminder of the importance of paying attention to notices received from bankruptcy cases and the need for creditors to consider… Indiana Supreme Court Further Extends Partial Protection of CARES Act Recovery Rebates
As noted in prior Alerts, in its order issued April 20, 2020, the Indiana Supreme Court exercised its emergency rule-making authority to order that all Indiana trial courts “shall issue no new orders placing a hold on, attaching, or garnishing funds… COVID-19 Webinars & Podcasts
Employment, Employee Benefits, and ESOP
OCC Issues Final "True Lender" Rule
On October 27, 2020, the Office of the Comptroller of the Currency (“OCC”) issued the final version of its “true lender” rule (the “Final Rule”). The Final Rule resolves uncertainty regarding which entity in a lending partnership between a bank and… COVID-19 Resources
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SBA Introduces Necessity Questionnaires for PPP Forgiveness
On October 30, 2020, the SBA released two additional questionnaires that will need to be submitted by for-profit and non-profit PPP borrowers as part of their loan forgiveness applications. This follows a notice issued by the SBA on October 28 in… Take Five: Post Election
1. 5th Congressional District ONC Extends Information Blocking Deadlines
The U.S. Department of Health and Human Services’ Office of the National Coordinator for IT (“ONC”) announced a much-anticipated interim final rule with comment period (“Interim Rule”). As expected, the ONC extended various compliance dates and… COVID-19, Faith, and 'Technical Assistance' from OCR
Patients treating at hospitals during the ongoing public health emergency face a number of challenges with respect to access to on-site and virtual support from family and friends. Compounding the stress, some hospitals have denied patients… Take Five: Pre-Election
Early voting for the 2020 Election began in Indiana on Tuesday, October 29, and the early vote turnout is already three times higher than in 2016. According to data from the Indiana Secretary of State, just over 1.1 million Hoosiers have voted so… |
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