Insights

Treasury recently finalized regulations clarifying the application of the bankruptcy and insolvency exceptions to cancellation of debt income involving a debtor partnership with one or more partners that are disregarded for income tax purposes. Section 108(a)(1)(A) and (B) exclude cancellation of debt from income if the cancellation or discharge occurred…

The Internal Revenue Code prescribes minimum imputed interest rates and time-value-of-money factors applicable to certain loan transactions and estate planning techniques. These rates are tied formulaically to market interest rates. The Internal Revenue Service updates these rates monthly. These are commonly applicable rates in effect for July 2016: Short Term AFR…

For the first time in over forty years, the Department of Labor is publishing new sex discrimination regulations for federal contractors to reflect the current state of the law. The final rule updates the sex discrimination regulations of the Office of Federal Contract Compliance Programs (OFCCP) and makes explicit the…

Title VII of the Civil Rights Act of 1964 and other civil rights statutes require that covered employers post notices describing equal employment opportunity laws and how employees and applicants can file a complaint for perceived violations of those laws. The required notice “Equal Employment Opportunity is the Law” poster…

The Equal Employment Opportunity Commission (“EEOC”) recently issued two final rules regarding employer-sponsored wellness programs. The rules arose as a result of the interplay between several federal statutes which touch upon wellness programs, including the Health Insurance Portability and Accountability Act (HIPAA), the Affordable Care Act (ACA), the Americans with…