ShawnCoulson: US Law Alert

William H. ShawnCo-Managing Partner, ShawnCoulson

 

Many corporations are focusing attention on the disclosure and accounting provisions of the Sarbanes-Oxley Act, but the law also contains new protections for employees and others who report suspected wrongdoing. Click “Full Article” for the rundown on what the law requires publicly traded firms to do — and what is prohibited — when someone blows the whistle.
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Don’t have children? Married and unmarried couples without children need to take special care to ensure that their assets pass to each other — and not members of each others’ families if that is not what they want. Here are examples of how estate distribution could go awry without proper planning — and some planning ideas to consider.

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The deadline for you to file your 2019 individual federal income tax return is April 15, 2020. With that deadline fast approaching, you may be searching for ways to lower your personal income tax liability. Fortunately, there’s still time to consider making one (or more) of these tax-saving elections on your 2019 return.
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What are the rules for deducting medical expenses on your personal tax return? First, you must itemize deductions, rather than take the standard deduction. Second, you must exceed the current percentage-of-AGI threshold. Finally, your expenses must qualify as “medical care” under current tax law. Here’s what you need to know to benefit from this tax break in 2019 and beyond.
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The information provided in our U.S. Law Alert may not be used as a substitute for consulting with qualified legal, tax, accounting, or other advisors. Before acting or seeking any advice, you should consult with a qualified professional advisor provided with all pertinent facts. We thus assume no responsibility for your action or inaction in reliance upon information in or linked through our U.S. Law Alert.

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