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HTMLNew Jersey: A Single Sale Price of a Contaminated Property Can Establish Market Value for Tax Assessment Purposes
David M. Kall, Susan Millradt McGlone; McDonald Hopkins LLC;
Legal Alert/Article
November 11, 2014, previously published on November 6, 2014
In the case Orient Way and Red Roc Realty v. Township of Lyndhurst, a New Jersey appellate court held that a single sale price of a contaminated property was the best evidence of a true market value for tax assessment purposes.

 

HTMLOver/Under: States Set Interest Rates for Under and Over Payments of Taxes for 2015
Susan Millradt McGlone; McDonald Hopkins LLC;
Legal Alert/Article
November 11, 2014, previously published on October 28, 2014
Michigan’s Department of Treasury issued Revenue Bulletin 2014-16 establishing the annual rate of interest due on underpayments and overpayments for the period beginning on Jan. 1, 2015 and ending on June 30, 2015. A daily interest rate of .0001164, based on an annual adjusted rate of 4.25...

 

HTMLMichigan: Professional Gambler Allowed to Deduct Her Gambling Losses
David M. Kall, Susan Millradt McGlone; McDonald Hopkins LLC;
Legal Alert/Article
November 11, 2014, previously published on October 30, 2014
In 2012, national gross gaming revenues reached $37 billion, the second-highest annual total behind only 2007 (just before the recession hit), according to the 2013 State of the States report by the American Gaming Institute (AGA report). Companies returned $8.6 billion in taxes to state and local...

 

HTMLWaiting to Analyze Your Data Vulnerabilities? Do So at Your Own Risk
Richard H. Blake; McDonald Hopkins LLC;
Legal Alert/Article
November 11, 2014, previously published on October 28, 2014
Still debating whether to conduct a serious analysis of your company’s data security vulnerabilities? Well, consider this...

 

HTMLOhio Statewide Election Results Anticlimactic, Speculation Begins
Rebecca M. Kuhns, Aaron M. Ockerman, Todd A. Snitchler; McDonald Hopkins LLC;
Legal Alert/Article
November 11, 2014, previously published on November 5, 2014
In what amounted to an anticlimactic night, all of the Ohio statewide offices remained in Republican hands by wide margins of victory. In the Governor’s race, which seemingly had been decided after the campaign of Ed FitzGerald imploded in August, the only thing in question was the final...

 

HTMLSenate Wrap Up
McDonald Hopkins LLC;
Legal Alert/Article
November 11, 2014, previously published on November 7, 2014
Unlike the House, there was a question about control of the Senate. Republicans needed to pickup a net of six seats to take control of the Senate. After Tuesday's election, it appears Republicans will likely net eight seats once the dust settles. Republicans, as expected, picked up seats in West...

 

HTMLMaryland: Candidates for Governor Offer Opposing Strategies for Taxing Income
David M. Kall, Susan Millradt McGlone; McDonald Hopkins LLC;
Legal Alert/Article
November 11, 2014, previously published on October 30, 2014
Maryland voters are paying close attention to the governor candidates’ ideas on taxes. In a recent Washington Post-University of Maryland poll, 30 percent of likely voters declared that taxes are the single most important issue in deciding which candidate for governor they would support on...

 

HTMLHouse Wrap Up
McDonald Hopkins LLC;
Legal Alert/Article
November 11, 2014, previously published on November 7, 2014
Control of the House of Representatives was never in question - Republicans were expected to not only hold the House but to actually expand on their majority.

 

HTMLThe IRS Announces New Retirement Plan Limitations for 2015
Antoinette M. Pilzner, Dale R. Vlasek, John M. Wirtshafter; McDonald Hopkins LLC;
Legal Alert/Article
October 31, 2014, previously published on October 23, 2014
On October 23, 2014, the IRS announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for the Tax Year 2015. Many of the limitations have changed from the limits that are in place for 2014.

 

HTMLObama Unlikely to Shake Up Staff after Election
McDonald Hopkins LLC;
Legal Alert/Article
October 31, 2014, previously published on October 24, 2014
Midterm elections, particularly the notorious six-year itch midterms in a President's second term, often lead to losses for the party in control of the White House. It is not surprising then that Presidents often respond to losses in the midterms by shaking up their staff. White House watchers,...

 


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