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Tucked into three of the 2,700+ pages of the Bill are two controversial provisions which represent the first attempt by Congress to exert direct legislative control over the digital space.

The House of Representatives passed the Build Back Better (BBB) reconciliation bill (H.R. 5376).

Foundations have established missions that clearly define the ways in which they would like to affect in a positive way the social and environmental challenges facing the world.

The Connecticut 2021 Tax Amnesty Program (Amnesty Program) has been launched. It offers taxpayers the opportunity to pay back taxes with a 75% reduction of interest owed, an elimination of civil penalties, and an elimination of any potential criminal prosecution.

The House of Representatives passed the Infrastructure Investment and Jobs Act (Act) on November 5, 2021.

As you will see from this month’s Cyber Roundup, each day bad actors hack systems in industries that range from media to candy companies.

This edition of Tax Notes contains a summary of the significant tax aspects of the Bill currently before the House of Representatives.

Plan sponsors should review the cost of living adjustments (COLAs) to determine what, if any, changes need to be communicated to employees by means of orientation meetings and enrollment forms.

The IRS continually includes the Federal Research Credit in the “Dirty Dozen” annual list of scams and other abusive arrangements.

The IRS Employee Plans Compliance Resolution System (EPCRS) permits retirement plan sponsors to correct certain plan failures so they can continue to provide their employees with retirement benefits on a tax-favored basis.

The legislation, originally passed in July, was vetoed by the governor in an effort to increase the refundable tax credit percentage.

In this bulletin, we address certain items that foundations and foundation managers should consider as well as some best practices to follow when it comes to director recommended grants.