What Credit against Nebraska income, deposit or premium tax equal to 20 percent of “eligible expenditures” on “improvements” to a “historically significant real property,” up to $1,000,000 in credit per project. $15,000,000 in credits allocated and available in each of 2015, 2016, 2017 and 2018. Unused credits carry over to […]
Publications
My Bank Issued a Form 1099-C to a Defaulted Borrower…Can it Still Collect the Debt?
When a borrower defaults on its loan obligations, a lender must decide how to collect the debt and whether to write down or write off the loan. The IRS has added another layer of complexity to these decisions by requiring a lender to report a debt discharge by issuing a […]
Transitional Relief Provided in Final Affordable Care Act Pay-or-Play Regulations
The Internal Revenue Service recently issued Final Regulations for the employer pay-or-play mandate under the Affordable Care Act. The Final Regulations, which include both clarifications and changes to the Proposed Regulations, address the extension of the transition rules, full-time employees, hours-of-service determinations, affordability safe harbors and applicable large employer status. […]
A Higher Standard for Bank HR Departments (Part 1)
With an additional overlay of state and federal regulation, employment law issues at financial institutions take on an additional level of complexity. Whether it is the new regulations affecting permissible compensation practices for mortgage loan originators, state and federal licensing requirements or complex rules applicable to insider transactions, human resource […]
OCR Announces First HIPAA Settlement with County Government
On March 7, 2014, the Department of Health and Human Services, Office for Civil Rights (OCR) announced that it reached a settlement with Skagit County, Washington over potential violations of the Health Insurance Portability and Accountability Act of 1996 (HIPAA). Skagit County agreed to pay $215,000 and enter into a […]