Question: My spouse and I recently loaned our daughter and her husband the full amount needed to purchase a home. None of this was documented. Is there anything we should be doing?
Tax and Other Considerations for Home Loans to Children
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Insights
EEOC Guidance Allows Employers to Require Employees to Receive COVID-19 Vaccination
On December 16, 2020, the Equal Employment Opportunity Commission (“EEOC”) issued new guidance for employers regarding the recently approved COVID-19 vaccines and the implications under applicable equal employment opportunity laws, including the Americans with Disabilities Act (the “ADA”) and Title VII of the Civil Rights Act of 1964, as amended (“Title VII”).
Governor Pritzker Extends Modified Moratorium on Residential Evictions Through January 9, 2021
On December 11, 2020, Governor Pritzker extended the moratorium on residential evictions, but only as to a “Covered Person” which is defined as a person who (1) expects to earn no more than $99,000 in annual income for 2020 (or no more than $198,000 if filing a joint tax return) or was not required to report any income in 2019 to the Internal Revenue Service or received an Economic Impact Payment pursuant to the Federal Cares Act…
Year-End Planning with Tax Law Changes on Horizon
Question: With the 2020 calendar year coming to a close, can you provide some suggestions for tax planning moves to make before year-end?
Home Office Deductions During Covid
Question: I have been working from home since the onset of Covid in March of 2020. Am I entitled to an income tax deduction for the business use of my home office?
Toying with Rep Over Post-Termination Commissions Ends in ‘Game Over’ for Opportunistic Principal
Tech 4 Kids Inc. makes toys but was unable to play to U.S. retailers.
So T4K reached an oral agreement with Northern Group Inc., an independent sales representative with offices in the Midwest, to promote its toy products.
Trial in the Time of Covid
Fresh off a four-week bench trial with my partner, Norm Finkel – conducted entirely on Zoom – I want to share some of my impressions that will hopefully help inform clients’ decisions as we navigate our way through this new COVID-era legal environment.
Deferring Payroll Taxes on Earned Income
Question: I own and operate a small business. Is it true that the new tax law enables me to defer all of the payroll taxes incurred on the wages I pay to my employees?
Small Business Bankruptcies: Subchapter V isn’t Just for the Smallest Businesses
The CARES ACT Expands Eligibility For Subchapter V Providing More Businesses a Viable Option to Reorganize.
Earlier this year, the Small Business Reorganization Act of 2019, which created the new Subchapter V of the Bankruptcy Code (11 U.S.C. §§ 1181-1195 “Subchapter V”), went into to effect.
Hell Hath No Fury Like a Principal Scorned
In the lengthy annals of sales rep-principal relationships ending badly, the shabby treatment Eliot Essagof received from his principal deserves exceedingly prominent mention.