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HTMLOver/Under: States Set Interest Rates for Under and Over Payments of Taxes for 2015
David M. Kall, Susan Millradt McGlone; McDonald Hopkins LLC;
Legal Alert/Article
October 31, 2014, previously published on October 23, 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...

 

HTMLMcCarthy Memo Highlights House GOP Agenda
McDonald Hopkins LLC;
Legal Alert/Article
October 31, 2014, previously published on October 24, 2014
This week, House Majority Leader Kevin McCarthy (R-CA) released a memo that highlights some of the House GOP's agenda for 2015.

 

HTMLMinnesota: Ranked #7 in Cigarette Excise Tax Rate in 2014 and #14 in Smuggled Cigarettes, Will Increase Cigarette Tax Rates in 2015
David M. Kall, Susan Millradt McGlone; McDonald Hopkins LLC;
Legal Alert/Article
October 31, 2014, previously published on October 23, 2014
Sales and excise taxes are slightly different animals. A sales tax is one that the government imposes at the point of sale on retail goods, like clothing. The retailer collects the tax and passes it on to the state. In contrast, one pays an excise tax on purchases of specific goods, such as...

 

HTMLSeveral States Respond to U.S. Supreme Court Decision on Same-Sex Marriage
David M. Kall, Susan Millradt McGlone; McDonald Hopkins LLC;
Legal Alert/Article
October 31, 2014, previously published on October 23, 2014
On June 26, 2013, in U.S. v. Windsor, the United States Supreme Court ruled that the Defense of Marriage Act, which defined marriage as between one man and one woman, was unconstitutional. This was significant for tax purposes because the subsequent Internal Revenue Service Revenue Bulletin...

 

HTMLReading the Tea Leaves on Executive Action on Immigration
McDonald Hopkins LLC;
Legal Alert/Article
October 31, 2014, previously published on October 24, 2014
Some are claiming that recent solicitation by the Citizen and Immigration Service (USCIS) is proof that President Obama is preparing for sweeping executive action on immigration after the November midterm elections.

 

HTMLRubio Proposes Visa Ban in Response to Ebola
McDonald Hopkins LLC;
Legal Alert/Article
October 31, 2014, previously published on October 24, 2014
Amid growing panic about the Ebola outbreak in West Africa, Republicans in Congress are shifting away from calling for a blanket travel ban from countries affected by the disease, and moving instead toward wanting to limit visas for people from those countries.

 

HTMLDon't Make the $1.5 Billion Mistake
Jeffrey S. Grasl, Stephen M. Gross; McDonald Hopkins LLC;
Legal Alert/Article
October 31, 2014, previously published on October 24, 2014
In what is many times considered a ministerial task, the careful preparation and review of UCC-3 termination statements in transactions between debtors and lenders should not be taken lightly. Secured creditors and their professionals would be wise to make sure that the identification of security...

 

HTMLOhio: The Tax Impact of House Bill 483
McDonald Hopkins LLC;
Legal Alert/Article
October 23, 2014, previously published on October 16, 2014
In 2011, in an effort to make Ohio’s government smaller, more efficient, and more effective, Gov. Kasich worked with the General Assembly to enact his fiscal year 2012-13 budget. This budget cut taxes, streamlined regulations, and reformed government.

 

HTMLOklahoma: District Court Invalidates Obamacare Subsidies
McDonald Hopkins LLC;
Legal Alert/Article
October 23, 2014, previously published on October 16, 2014
One of President Obama’s key initiatives, the Patient Protection and Affordable Care Act (ACA), has taken a beating since the president signed it into law on March 23, 2010.

 

HTMLObama to Wait On Attorney General Nominee
McDonald Hopkins LLC;
Legal Alert/Article
October 23, 2014, previously published on October 17, 2014
This week, sources in the White House confirmed that President Obama will wait until after the November mid-term elections to announce his choice to succeed Eric Holder as Attorney General.

 


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