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200 POSTS!
We have now provided 200 posts aimed at keeping you informed of important legal and accounting updates that effect your business. Thank you to our readers!
Important Anti-Retaliation Update
In Kasten v. Saint-Gobain Performance Plastics Corp, the Supreme Court of the United States considered whether the anti-retaliation provision of the Fair Labor Standards Act (FLSA) applied to oral complaints. In Kasten, an employee orally complained to his company about an unlawful practice, for which he was subsequently fired. In addition to orally complaining to [...]
Demorest Law Firm, PLLC – Now on Facebook
Demorest Law Firm, PLLC is excited to announce that we have joined in the social networking fun. You can now find us on facebook. All of our posts will automatically feed to our facebook page. Please take a moment and visit our page, and don’t forget to “Like” us!
How to Choose a Tax Preparer
Due to recent IRS regulations it is more important than ever to choose the right tax preparer. Paid tax preparers who file Federal returns after January 1, 2011 must have a Preparer Tax Identification Number (PTIN). PTIN’S are issued by the IRS and subject the preparer to competency exams and continuing education requirements. Attorneys, CPAS [...]
Throughout the past year we have spent much time anticipating whether or not the Bush tax cuts would be extended; well as you all know they were. One consequence of the extensions happening so very late in the year is that the IRS can’t accept individual income tax returns for those who itemize until February [...]
Toxic Waste
I love this time of the year perhaps more than any other. From a business perspective we have moved well into our “busy season”, which actually starts during the third quarter of each year, and have done much of the planning to ensure its success. There is another layer of planning beyond the “plain vanilla” [...]
Tax Filing to be Delayed for Some Taxpayers
The IRS has issued Information Release (IR-2011-1) that specifies taxpayers with the following issues need to wait until mid to late February to file their 2010 individual income tax returns. Itemized deductions on Schedule A. Claiming higher education tuition and fees deductions. Teachers claiming the Educator Expense Deduction. To read IR-2011-1 please click the following [...]
Court of Appeals Interprets the Judgment Lien Creditor Act
A recent case decided by the Michigan Court of Appeals addressed the issue of whether a “judgment lien survives and can be foreclosed on after the judgment debtor’s conveyance of the encumbered real property to a vendee who has record notice of the lien, but where no available closing proceeds are distributed to the judgment [...]
New Law on Broker’s Commercial Real Estate Liens
In early October 2010, Governor Granholm signed into law the Commercial Real Estate Broker’s Lien Act (the “Act”). The intent of the Act is to remedy the concerns of commercial real estate brokers regarding their inability to collect payment for their brokerage work. The Act permits commercial real estate brokers to record a lien on [...]
