News & Knowledge

PNR Newsletter.pdf

The IRS recently issued Notice 2022-36, which provides a potential opportunity for penalty relief to certain people and businesses who file certain 2019 and 2020 tax and information returns late. The relief applies to the failure to file penalty which is typically assessed at a rate of 5% per month and up to 25% of […]

Leslie Share recently presented “Making Changes to Irrevocable Trusts: What Can You Do?” for National Business Institute. This webinar reviews how practitioners may “fix” otherwise “broken” irrevocable trusts using techniques such as general and limited powers of appointment, Trust Protector amendments, substituting “outside” property, tax reimbursement clauses, judicial and nonjudicial modification, judicial reformation, settlement agreements […]

H-1B season is here! There are 65,000 H-1B visas available each year with an additional 20,000 allotted to foreign nationals with U.S. earned master degrees. Last year, there were more than 300,000 H-1B petitions filed, causing USCIS to conduct a lottery to determine which cases would be accepted for processing. For the third year in […]

U.S. Citizenship and Immigration Services (USCIS) has issued policy guidance confirming that, effective November 12, 2021, certain dependent spouses of individuals in H-4, E and L status will qualify for an automatic extension of work authorization up to 180 days. Employers should accept the following documents for I-9 Employment Eligibility Verification purposes during the automatic […]

This week, President Biden issued Presidential Proclamation 10294 which eliminates the geographic COVID-19 travel bans and adopts new COVID-19 vaccination requirements for all international air travelers to the United States. The new COVID-19 vaccination requirements for international air travel will take effect on November 8, 2021. With limited exceptions, Proclamation 10294 suspends entry of unvaccinated […]