Publications

The U.S. House of Representatives bill released last month proposes several changes to the current rules governing trusts where the grantor pays the income tax, but the value of which is not included in the grantor’s estate for federal estate tax purposes.

An overlooked provision of the new, sweeping tax bill currently under consideration by Congress as part of President Joe Biden’s $3.5 trillion infrastructure plan would substantially limit the qualified small business stock (QSBS) capital gain exclusion for certain taxpayers.

The Biden administration announced this week that it would mandate COVID-19 vaccinations (with exceptions for disabilities and sincerely held religious beliefs) for a staggering number of Americans.

One of the issues contributing to an increasingly volatile construction space for owners and developers is the cost and availability of insurance during and after construction of a project.

Chicago and Illinois employers should be aware of three recent changes affecting mandated sick leave benefits for employees.

Last week, the IRS issued additional guidance on the employee retention tax credit, including information regarding the expansion of the credit to certain wages paid during the third and fourth calendar quarters of 2021 and additional information on miscellaneous issues that apply to the credit for qualified wages paid in 2020 and 2021.

The CDC released new guidance last week in an effort to curb the spread of the Delta variant of COVID-19.

As we discussed in a previous article, the renewable energy industry is experiencing record growth. President Biden’s current initiatives are also expected to provide an additional boost to accelerate future growth in clean energy industries.

Employers seeking to impose restrictive covenants upon employees will face substantial new hurdles beginning January 1, 2022.

The Illinois Employee Sick Leave Act (ESLA) was recently amended to give workers more flexibility to care for their loved ones.