Legal Briefs

Your update on the regulatory landscape.

Legal Briefs

Your update on the regulatory landscape.

IRS Issues Interim Guidance on Informational Reporting of Employer-Sponsored Health Coverage

The IRS emphasizes that this new reporting to employees is for their information only, and does not cause excludable employer-provided health coverage to become taxable.

Form 1099 Changes Just Need President’s Signature

A CUNA-supported bill going to President Obama would repeal an extension of IRS Form 1099 reporting requirements for certain purchases over $600.

Legal Briefs April 7, 2011

Your update of the regulatory landscape.

2011 HMDA Requirements Outlined by NCUA

The National Credit Union Administration in its Regulatory Alert No. 11-RA-02 is reminding credit unions that engage in residential mortgage lending of their 2011 reporting obligations under the Home Mortgage Disclosure Act.