Eric Allen Kauk, Esq., LL.M., Author at Catholic Benefit Plans

Employers Should Take Advantage of This Tax Credit to Combat Employment Struggles

Ahead of tomorrow’s July Job Reports from the Bureau of Labor Statistics, concerns are looming over global recession and economic crisis fears. Although unemployment rates have been steadily recovering since the height of the Covid-19 pandemic, employers and employees alike are still facing difficulties in maintaining consistency and security in employment. Fortunately for employers, and members of […]

U.S. Court of Appeals Rules Against Covid-19 as a Natural Disaster Under the WARN Act

July 9, 2022
Eric Allen Kauk, Esq., LL.M.
article, breaking, court, covid-19, journalism, news, update

The last two and a half years have been riddled with uncertainties and tragedies due to the Covid-19 Pandemic. One of the foremost and problematic issues for many Americans is job security throughout the pandemic. With many businesses closing during the heat of the pandemic and continued social distancing guidelines, mask mandates, and general Covid-19 […]

Connecticut Is Trying to Gain Abortion Businesses from Other States:

Governor Ned Lamont of Connecticut issued a letter on July 1st encouraging abortion businesses to consider moving to Connecticut due to Connecticut’s laws. Since Roe v. Wade was overturned by the Supreme Court, many states have banned abortions, but Connecticut has not and apparently will not. In Governor Ned Lamont’s letter, he said he is reaching […]

Be Aware That Not All Non-Profit Organizations Will Be Tax-Exempt:

Many people are intrigued by the tax-exempt status of certain clubs and organizations desire to also be tax-exempt. However, not all organizations can be tax-exempt, and most business ventures cannot be tax-exempt, like the Social Club that the IRS just informed they didn’t qualify for the exception. The Social Club leased out and received […]

501(c)(3) Organization Loses Tax-Exempt Status from Insufficient Activity

Organizations classified under Section 501(c)(3) of the Internal Revenue Code—often known as nonprofit charitable organizations or a 501(c)(3)—are recipients of several tax benefits and exemptions. One of the most significant tax benefit awarded to such organizations is the ability to accept donations and contributions to their organizations that are tax-deductible from the donor. This arrangement […]

IRS Advises on Minimum Coverage Requirement Tests

In response to an email inquiry, the IRS delivered a detailed summary of the two tests used for the minimum coverage requirements under Section 410(b) of the Internal Revenue Code for a plan that does not qualify under Section 401(a). The most simple and preferable test is called the Ratio Percentage Test. There is also […]

Church’s Acquired Property Qualified by the IRS for the Neighborhood Land Use Exemption

The IRS ruled in favor of a Section (b)(1)(a)(i) church to classify their recently acquired land under the Neighborhood Land Use Exemption as provided in Section 514(b)(3) of the Code. The church originally acquired three plots of adjacent residential land (with the use of a 20 year mortgage) with the intentions of demolishing the existing […]

Can A Church Qualify For An Exemption For Purchased Land?

On Friday, June 24, 2022, the IRS released a response to a letter from a church requesting an exemption for land it purchased. The IRS granted the exemption and decided that the parcels of land the church purchased qualified for a neighborhood land use exception and therefore would not be treated as debt-financed property. […]

Affordable Care Act Tax Subsidies Might Be Staying:

In 2021 the American Rescue Plan Act (“ARPA”) eligibility of people to qualify for tax credits to taxpayers whose income was above the federal property level by up to 400% more. The ARPA greatly reduced the cost of annual premiums which led to over 14.5 million families receiving coverage in 2022. However, the tax credits […]

Best Practices for Employer’s Mid-Year Re-Strategizing Efforts

As we have recently approached the midway point in 2022, companies and employers should begin re-strategizing and realigning important goals for the remained of the year and transition into 2023. A primary goal for many of these employers and companies should be to assess and evaluate their employee benefit packages and health plans. However, before […]