In a recent decision, the Kentucky Court of Appeals sent a clear message to lending institutions. Namely, to carefully examine
The previous position of the IRS with respect to indirect rollovers changed late last year effective January 1, 2015. An
Do you have a written estate plan? If you do not have a written estate plan, including a will, power of attorney, and a healthcare surrogate designation/living will directive, now is the time to create one. If you have a written plan, perhaps it’s time for a review.
As the April 15 tax filing deadline approaches, it may be a good time to review your estate plan. If you do not have a written estate plan, including a will, power of attorney, and a healthcare surrogate designation/living will directive, now is the time to create one.
The IRS has issued some useful pointers regarding the treatment of taxable and non-taxable gifts. These tips may apply to
Close to one year after cell phones were removed from the “listed property” category of Code Sec. 280F, IRS has issued an audit memorandum which explains the practical consequences of the change. In sum, where an employer provides employees with cell phones primarily for noncompensatory business reasons, neither the business nor personal use of the phone results in income to the employee, and no recordkeeping of usage is required.
For most, having a will and other estate planning documents is a chore which no one enjoys. Once completed, there is a feeling of great satisfaction in completing the arduous task and the documents are placed in a special place for safe keeping and soon forgotten.
Congress has adopted the 2010 Tax Relief Act. The Act contains a two-year extension of the Bush-Era tax cuts that was negotiated by the President and Republicans, and significant estate tax relief, as well as a trove of other tax breaks for businesses and individuals.
This week Old Republic Title Insurance Company announced that it would no longer insure foreclosed homes. This was in response to several large mortgage companies suspending foreclosures while irregularities in foreclosure filings are being investigated.
In partnership with Huntington Bank and accounting firm Barnes Dennig, we are once again sponsoring our 11th Annual Manufacturer’s Seminar on November 3. Featured speaker is Dr. Barry Asmus, the senior economist for the National Center for Policy Analysis.
More and more people are purchasing second homes, many of which are located in states other than the state of
Whether purchasing a first home, a dream home, investment property or new office space, numerous questions and expenses arise which