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Adobe PDFThe IRS Announces New Retirement Plan Limitations for 2015
Antoinette M. Pilzner, Dale R. Vlasek, John M. Wirtshafter; McDonald Hopkins LLC;
Legal Alert/Article
November 11, 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.

 

HTMLOhio: The Tax Foundation Rates Ohio's Business Taxes as “Business Unfriendly”
David M. Kall, Susan Millradt McGlone; McDonald Hopkins LLC;
Legal Alert/Article
November 11, 2014, previously published on November 6, 2014
As we recounted recently, Gov. Kasich signed House Bill 483 (HB 483) over the summer, authorizing tax cuts and new tax relief for low and middle income Ohioans, among other things. It did so by cutting small business taxes in half and accelerating the 10 percent personal income tax reduction...

 

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...

 

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.

 

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.

 

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.

 

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.

 

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...

 

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...

 

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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