The letter from the Social Security Administration arrives and, on its face, it looks innocent enough. When you read its contents, however, your first reaction may be one of alarm. The Social Security Administration has determined that the names of several of your employees and the social security numbers they…
After the holidays, I have found there is nothing more exciting than taxes and tax season in general. Everyone already has a good working knowledge about ad valorem and non-ad valorem property taxes. I thought it would be interesting (or, in the alternative, sleep inducing) to summarize the other types…
For many years, Florida imposed an annually recurring tax on intangible personal property (such as stocks, limited liability company membership interests, bonds, and promissory notes) owned, managed, or controlled in the state. Although the tax featured higher rates in the past, it was most recently imposed at the rate of…
The Pension Protection Act of 2006, signed by President Bush on August 17, 2006, includes the following provisions that may be of interest to our estate planning clients: Direct Contributions of Individual Retirement Accounts to Charity During calendar years 2006 and 2007, a person age 70½ or older may make…
The heated real estate market that existed over the past few years brought numerous specific performance lawsuits to our litigation department. A suit for specific performance is one in which a party to a contract demands that the opposing party continue with the contract and asks the court to force…