As We Go to e-Press--A Few Items from the Editors of the EBC Newsletter
As is the custom, the editors have identified a few recent items worthy of mention but perhaps not extensive discourse. That does not mean these developments are unimportant but rather that they are, to a large degree, self-explanatory or both too important and too new to address fully. It is also the case for those in "Well, what about . . . .?" mode that our criteria for inclusion are relatively loose and we make no effort to track every development across the spectrum of concerns covered by JCEB in real time. We are however very interested in what interests you so please let us know what we left out and whether you know someone who might be interested in developing the omitted item for later article treatment.
In that spirit we offer the following for consideration:
- Hobby Lobby Stores Inc. v. Sebelius and Conestoga Wood Specialties Corp. v. Sebelius. The Court agreed to hear this pair of cases probing whether corporations can exercise religious rights to refuse to provide health insurance that would include certain forms of birth control.
- Fifth Third Bancorp v. Dudenhoeffer. The U.S. Supreme Court granted certiorari to address the presumption of prudence that some federal courts have applied in suits brought against fiduciaries of employer stock plans when share value declines.
- CMS posted "Medicare Program: Revisions to Payment Policies under the Physician Fee Schedule, Clinical Laboratory Fee Schedule and Other Revisions to Part B for CY 2014" (opens in separate window) 1,369 pages of holiday reading for those so-inclined.
- IRS released final regulations on reduction or suspension of 401(k) safe harbor matching contributions (opens in separate window).
- IRS also released 2014 Standard Mileage Rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2014, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
- 56 cents per mile for business miles driven
- 23.5 cents per mile driven for medical or moving purposes
- 14 cents per mile driven in service of charitable organizations
- The business, medical, and moving expense rates decrease one-half cent from the 2013 rates.