By John Lutz, William R. Pomierski, Andrew Granek and McDermott Will & Emery on Sep 8, 2022
Posted In Employee Benefits, Employee Stock Ownership Plans (ESOPs), Retirement Plans
On June 7, 2022, Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) introduced the highly anticipated Responsible Financial Innovation Act (the bill), which sets out to create the first complete regulatory and bipartisan framework for digital assets. The bill is intended to establish some legal clarity for regulators and the industry and to protect consumers...
By John Lutz on Aug 12, 2021
Posted In Employee Benefits, Health and Welfare Plans
On April 9, 2021, the Internal Revenue Service (IRS) released PLR 202114001 (PLR), which provides guidance on the deductibility of medical costs under Section 213 of the Internal Revenue Code relating to fertility expenses for same-sex couples. The PLR disallows most of the costs incurred by a same-sex couple wishing to have a child. However,...