With surprisingly little fanfare, Governor Pritzker recently signed into law amendments to the Illinois Freedom to Work Act (the “Act”), with the potential to impact all restrictive covenant agreements entered into on or after January 1, 2022.
Question: What is the most tax efficient way for me to put away a large sum for my grandchildren’s college education?
Akstrom Imports Inc. raised several interesting arguments in defense of the claims brought by Minnesota sales representative Kinneberg Management Group (KMG), including that, as a Canadian distributor, it was not subject to the jurisdiction of a Minnesota federal court. Even if it was, Akstrom continued, Canadian law still controlled, not Minnesota’s pesky sales rep statute.
Question: Can I still make qualified charitable distributions from my IRA after the recent legislative changes?
You get a notice of deposition via email. The notice provides that the deposition will be taken remotely through a Zoom videoconference.
The day of the deposition arrives and as your witness is testifying, you notice the red blinking light in the upper left corner of the screen designating that the deposition is being recorded.
Question: Given the possibility that the Federal estate tax exemption will decrease, should I make gifts now before the law changes?
Question: My company sponsors a 401(k) plan to which many of our highly paid employees are unable to contribute as much as they would like. What alternatives are available to avoid or minimize this problem?
Paycheck Protection Program loans, commonly referred to as PPP loans, have been a godsend for millions of small businesses and their employees. As originally envisioned, the purpose of the PPP loans was to provide low interest, forgivable loans to small businesses that have been adversely affected by the Covid-19 Pandemic to cover payroll and other expenses including interest, rent and utilities.
Those who remain skeptical about the COVID-19 vaccine or are refusing to get inoculated against the virus will soon discover that, in most cases, their employer can require vaccination as a condition of continued employment.
Question: My husband died leaving me as the sole beneficiary of his individual retirement account. Should I roll over these funds to my own IRA to defer income taxes?