Accountants across the country are struggling to interpret a new tax deduction intended to create jobs and benefit U.S. manufacturers. And, if it’s puzzling to those who prepare taxes professionally, some question how the average business owner will grasp it. ...
Read More »Buyer beware? Not if you have a pro on your side
Kimberly Senior, an associate broker at Prudential Douglas Elliman, a few months ago helped a Canadian family realize their American dream. With the family of four in tow, she toured neighborhood after neighborhood, gave them the lowdown on school districts, ...
Read More »States race to respond to Supreme Court takings case
In a surprising twist, the most controversial decision from the U.S. Supreme Court’s recently ended term has turned out to be a takings case. The decision, which allowed a local municipality to use its power of eminent domain to seize ...
Read More »Internet service spring up to help owners sell homes themselves
When Michael and Kimberly Bahr decided to sell their two-bedroom condo, instead of hiring a real estate broker, they opted to advertise their home through For Sale By Owner’s Web site. Bohemia, N.Y.-based For Sale By Owner charges upfront flat ...
Read More »Interest-only mortgages can be a problem
Federal Reserve Chairman Alan Greenspan is the latest to pan interest-only mortgages. Speaking in front of Congress, Greenspan said that many homeowners could be in for an “individual disaster” if home prices come down from record highs. He singled out ...
Read More »Missouri levee dispute spills over into appeals court
A flurry of contentious letters between the U.S. Army Corps of Engineers and several Missouri landowners created such a rift that it even split the 8th U.S. Circuit Court of Appeals, with the majority finding the corps did not harm ...
Read More »Means test means shift to Chapter 13
The means test for Chapter 7 filings is seen as one of the most significant elements of the Bankruptcy Reform Act. Failure will result in a case being converted to Chapter 13 or dismissed. One aspect of that test is ...
Read More »USGBC applies to national standards certification group
The U.S. Green Building Council, with hopes of bolstering support for its LEED rating system, has applied with a national certification group to become an accredited developer of green building standards. The council on Tuesday submitted an application for its ...
Read More »Minn. nonpartisan judicial elections unconstitutional
The 8th U.S. Circuit Court of Appeals last week struck down as unconstitutional campaign rules prohibiting candidates for judicial office in Minnesota from engaging in partisan political activities and soliciting funds in front of large groups or by letter. The ...
Read More »Recent surveys highlight pay for paralegals
Paralegals, like lawyers, know that it pays to specialize. Paralegals who are experts in a particular field will reap the reward for their expertise. Recent salary surveys confirm this common-sense observation. Corporate paralegals lead the pack, according to a salary ...
Read More »ABA supports reporters' shield statute
The American Bar Association House of Delegates today supported a federal reporters’ shield law to protect the public’s access to information and to promote the fair administration of justice. “Our action today acknowledges the important role of journalists and the ...
Read More »