The IRS has announced the 2026 cost-of-living adjustments for retirement plan and health and welfare benefit plan limitations. The charts below set forth the applicable limitations for 2026 relative to the 2025 limitations.

Retirement Plans

The chart below represents some of the important changes the IRS has made to limitation requirements for retirement plans. The changed limitations are between the 2025 limits and the 2026 limits. If you would like to review a complete explanation of all limitation ...

Yes, you read that right, permanent.

Under the new law, individuals can now transfer up to $15 million tax-free during their lifetime or at death. For married couples, that amount doubles to $30 million. These exemption limits will also increase over time to account for inflation. This is a major shift from past rules that ...

Though Congress discussed renewing the statute prior to its expiration, CISA was not officially reauthorized by the federal government.

CISA was designed to encourage private organizations to share cybersecurity information with other private sector entities and the federal government through the Department of Homeland Security, aiming to strengthen overall monitoring capabilities and bolster collective defense against cyber threats. In particular, the statute ...

Recently, Michigan Attorney General Dana Nessel issued a consumer alert warning about fraudulent websites that impersonate real colleges and universities. These sites are designed to look convincing but have no connection to legitimate institutions. Instead, they trick students into sharing sensitive ...

The plan, titled American’s AI Action Plan (the “Plan”), is a 28-page document that outlines more than 90 federal policy actions under three strategic pillars: (1) accelerating innovation; (2) building American AI ...

Expanded Self-Correction Authority Now in Effect

Effective immediately and continuing until Rev. Proc. 2021-30 is formally ...

Closely held businesses vary widely in size, budget, legal and tax structure, sophistication, compensation philosophy, and risk tolerance. Incentive programs therefore also vary widely among closely held and ...

It is no surprise that generative artificial intelligence (“AI”) is changing the way companies all over the world operate. Some are embracing it with open arms and finding consistent opportunities to integrate AI into the workplace. Other businesses have found themselves at a standstill in terms of incorporating AI into their preexisting tools and technology, wondering whether embedding AI into their systems is a necessary step to stay relevant or one that may take them away ...

These notices arrive in plain white envelopes, bear no return address, and contain QR codes for payment of alleged past-due fees.

This scam is an attempt to collect money or sensitive information. While the notices appear official and reference actual business names, Michigan’s Department of Licensing and Regulatory Affairs (LARA) has confirmed that this is a scam. If you receive such a notice, shred it and do not engage with the ...

The United States Copyright Office (the “Office”) released the latest part in its Report on Copyright and Artificial Intelligence on January 29, 2025. Part 1, titled “Digital Replicas” was published on July 31, 2024 and discussed videos, images, and audio recordings that are manipulated to falsely depict individuals and information. This practice of creating ...