Every day, retailers across the country issue refund to customers. The reasons range from a bad fit to the wrong colour to a changed mind. The transactions are generally simple — the customers get money or a credit card refund and the store gets merchandise that it needs to resell. How Cons Work Refund fraud can […]
The success of your business depends to a great extent on the quality of the contracts you sign. A good contract protects everyone, while a bad contract could ruin you. Every time you promise to exchange services or property, you create a contract — either written or unwritten. Oral contracts present several problems. They can be […]
Many people are familiar with tax credits for individual taxpayers, such as the credits for higher education expenses or the child tax credit. But businesses and business owners also may be eligible for some valuable credits that can lower their tax bills. Here are seven credits for small business owners to consider this tax year […]
When someone dies, there may be outstanding legal and financial claims for or against the individual. This article will discuss some of the procedures regarding claims involving an estate. If an individual is involved in a lawsuit and then dies, the proceeding is automatically stayed (or temporarily delayed) until an estate representative is substituted for […]
On February 26, 2020, the National Labor Relations Board (“NLRB”) published its final joint employer rule in the Federal Register, which tightens the test used to analyze whether workers are jointly employed by affiliated businesses. The final rule is intended to roll-back the stricter Obama-era standard that business interests have longed to overturn. History of Joint Employer […]
Roughly 15 million individual taxpayers filed for an automatic six-month extension for the 2018 tax year, according to the IRS, compared with about 10 million people in previous years. Why did the number of extensions surge last year? Most changes under the Tax Cuts and Jobs Act went into effect in 2018. So, many people […]
Follow links to the IPB Tax, Trusts & Estates Newsletter In This Issue: Anti-Clawback Regulations by Kasey Place – IRS final regulations confirm that a decedent will not be inappropriately taxed for making gifts using the new federal estate tax and gift tax exemptions from the 2017 Tax and Job Cuts Act. Cryptocurrency Developments by Robert Daily – Form 1040 […]
Private equity funds offer a way to get a capital infusion for your company for a period of time while maintaining a role in its operation and avoiding a sale or a merger. It’s called equity recapitalization and it typically involves selling a minority or majority stake in your company to a private equity fund. […]
Tax season is well under way. Have you filed (or extended) your individual federal tax return for 2019 yet? You may still have time to make some moves between now and the April 15 filing deadline to lower your 2019 tax bill. Here some last-minute tax-saving options to consider. State and Local Income Taxes vs. […]
What happens if you’re involved in a contract dispute and there’s an arbitration clause in the contract? Most people realize that the parties must enter into arbitration. But what if the other party refuses to arbitrate? Or what if you want to enforce the award, modify it or appeal it? This article addresses these and […]
We now have two years of the Tax Cuts and Jobs Act (TCJA) changes under our belts: 2018 and 2019. Are your taxes lower than before the law went into effect? Not surprisingly, the answer depends on your specific situation. Perception vs. Reality After most people filed their 2018 tax returns, only 40% believed that they […]
Excerpted from an article by Jody Godoy in the February 6, 2020 issue of Law360 A former prosecutor at the U.S. Department of Justice’s Fraud Section alleged in an internal complaint that prosecutors abused foreign evidence requests, raising questions about whether enough is being done to protect defendants’ rights in cross-border cases. In a memo […]