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Jan 16, 2019

Medical Marijuana and Group Health Insurance Plans – Continued Legalization May Provide In-Roads to Coverage

As the legalization of medical marijuana becomes more prevalent both in New Jersey and nationwide, group health insurance plan administrators face the daunting task of keeping up with an ever-evolving legal landscape. One question, however, is likely familiar to all such individuals: “Can our group health insurance plan provide coverage for medical marijuana claims?”

Currently, the answer is no. » Read More

Nov 19, 2018

Time for Tax-Exempt Organizations to Prepare for and Prevent Excise Taxes

As the end of the year approaches, individuals responsible for the management of tax-exempt organizations need to review the operations of those organizations to prepare annual information reporting for this year, to plan potential excise tax payments, and in some cases prevent unnecessary excise taxes and penalties on organizations and individuals. » Read More

Oct 17, 2018

Treasury Department and IRS Further Shrink Deductible Executive Compensation by Publicly Held Corporations

Significantly less executive compensation than previously thought may remain tax deductible by publicly held corporations, beginning with the 2018 tax year, under recent governmental guidance implementing a change in law made by the Tax Cuts and Jobs Act (TCJA). Covered companies will need to promptly identify additional employees covered by the new limitations, as well as outstanding compensation arrangements that may be exempt from the limits. » Read More

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