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The Compensation Connection
One Big Beautiful Benefit? What Employers Need to Know About Contributing to Trump Accounts
By Ligeia Donis, M'Alyssa Mecenas
Overview Under the One Big Beautiful Bill Act (Pub. L. 119‑21), §530A of the Internal Revenue Code (IRC) has introduced Trump accounts—a new, narrowly tailored savings vehicle for children under…
Larry's Tax Law
Senate Bill 1507 Was Passed by the Oregon Legislature and Will Likely Become Law – Breaking Down What It Means to Oregon Businesses
Senate Bill 1507 (“SB 1507”), which aims to disconnect Oregon’s state tax laws from a few provisions of the Internal Revenue Code (the “IRC” or the “Code”), was recently passed…
Larry's Tax Law
Senate Bill 1507 Was Passed by the Oregon Legislature and Will Likely Become Law – Breaking Down What It Means to Oregon Businesses
By Larry Brant
Senate Bill 1507 (“SB 1507”), which aims to disconnect Oregon’s state tax laws from a few provisions of the Internal Revenue Code (the “IRC” or the “Code”), was recently passed…
Compensation & Benefits Blog
What’s Old is New Again: The DOL’s 1975 Investment Advice Fiduciary Rule Five-Part Test is Officially Back and Here to Stay (For Now)
By Adam Scoll
On March 20, 2026, the U.S. Department of Labor (“DOL”) published guidance (the “2026 Guidance”) that formally reinstates the DOL’s original 1975 five-part test (the “Five-Part Test”) for purposes of…
ERISA Litigation & Compliance
Trump Account Guidance Part II: How to Open an Account, Claim the $1,000 Government Contribution
By Dominic DeMatties, Eric D. Slack, Katherine B. Kohn
As described in earlier Thompson Hine blog posts (here and here), Trump accounts provide a new private savings vehicle for eligible minor children. The Treasury Department and IRS recently released…
Nonprofit Law Prof Blog
CRS Report on Private Inurement, Private Benefit & Intermediate Sanctions
The Congressional Research Service published last week a report titled The Prohibitions on Private Inurement & Benefit by Tax-Exempt Organizations and Intermediate Sanctions. Here is the summary. One item of…
JURIST
US federal judge rules IRS violated federal law by disclosing thousands of taxpayers’ confidential information to ICE
A US federal district judge on Thursday ruled that the Internal Revenue Service (IRS) violated the Internal Revenue Code by inappropriately handing thousands of taxpayers’ confidential information over to Immigration…
Tax Talks
Federal Rulings Ease COVID‑Era Interest, Penalty and Filing Burdens
By Laura Gavioli, Abraham Gutwein, Amanda H. Nussbaum
Relief from underpayment interest, failure-to-file penalties, and failure-to-pay penalties—as well as relief from IRS filing deadlines that arose during the COVID-19 pandemic—may be possible under two recent federal cases from…
ML BeneBits
Where to Start with Trump Accounts
By Morgan Lewis
The One Big Beautiful Bill Act created “Trump accounts” under Section 530A of the Internal Revenue Code. While many questions remain unanswered, Trump accounts essentially operate as retirement saving accounts…
Hall Benefits Law Blog
Federal Agencies Propose Amended Rules Relating to Price Transparency Reporting Requirements
By Anne Hall
The Internal Revenue Service (IRS), the Employee Benefits Security Administration (EBSA), and the U.S. Department of Health and Human Services (HHS) have proposed rules on price transparency reporting requirements. The…