Many questions are being raised by the new IRS Form 1099-NEC. Beginning with tax year 2020, Form 1099-NEC (rather than Form 1099-MISC) should be used to report most nonemployee compensation…
Heather K. Brickman
Updated January 27, 2021 Beginning with tax year 2020, Form 1099-NEC (rather than Form 1099-MISC) should be used to report most nonemployee compensation of $600 or more in a year,…
In a binding opinion, the Illinois Attorney General’s Public Access Counselor found that the Board of Trustees of the Village of Roanoke violated the OMA when it muted the livestream…
On September 22, 2020, President Trump issued Executive Order 13950, Combating Race and Sex Stereotyping. The stated purpose of the Executive Order is to discourage the promotion of “race or…
On August 28, 2020, the Treasury Department issued Guidance implementing an August 8, 2020, Presidential Memorandum directing the Secretary of the Treasury to defer the withholding, deposit and payment of the employee portion…
The Illinois Appellate Court recently upheld the dismissal of a lawsuit filed by Invenergy Nelson, LLC, a power company, against a school board to enforce a property tax abatement issued…
Effective May 12, 2020, ISBE changed its rules for accounting for Tort Immunity and Judgement Funds and Student Activity Funds, and added a new category of Fiduciary Funds by amending…
Are you conducting a remote Board meeting this week? If so, read this. New Open Meetings Act (“OMA”) requirements were signed into law on Friday. We recently shared these requirements with…
As expected, on May 29, 2020, the Governor issued a new Disaster Proclamation, which extends through June 27, 2020. He also issued Executive Order 2020-39, which extends the suspension of the physical quorum requirement…
As previously reported, the IRS announced in Revenue Procedure 2017-18 that the last day of the remedial amendment period for IRC Section 403(b) plans is March 31, 2020. What Does…