By Mary E. Vandenack
The Tax Cuts and Jobs Act of 2017 included a 20% deduction for “pass-through” businesses. This deduction was intended to provide a benefit to owners of flow-through entities that has an impact similar to the reduction in tax rates for C corporations.
Section199A is an interesting maze of rules, definitions, and limitations. There are specific limitations with respect to...Read More
Commercial real estate transactions occur regularly, but most real estate regulations and statutory protections apply in residential real estate, and not commercial real estate. For example, the Real Estate Settlement Procedures Act (RESPA) provides guidance and consistency for residential transactions to ensure both buyers and sellers operate on equal footing. However, it is presumed...Read More
Commercial real estate transactions are often complex and usually require more time to close than residential real estate transactions. The differences between a residential and commercial real estate purchase include the responsibilities of the buyer and seller. In a residential real estate transaction, the agents and lenders are subject to the Real Estate Settlement Procedures Act (RESPA)....Read More
Sanitary and Improvement Districts (SIDs) provide a unique economic advantage to developers and a potential long-term investment opportunity for the local government. A SID is formed when a developer receives tax-exempt government financing (warrants and bonds) from the city, which covers the original expenses of a new community. These items include sewers, electrical systems, common grounds,...Read More
What Is Intellectual Property?
Intellectual property is a general term that refers to creations of the mind and human intelligence. The term intellectual property includes inventions, literary and artistic works, designs, symbols, names, images, product packaging and other elements that are used to in commerce to promote a product or service. Intellectual property can be a manufacturing...Read More
A new “Fiduciary Rule” (“Rule”) took effect on June 9, 2017, related to investment advice provided with respect to employee benefit plans (“Plans”) subject to the Employee Retirement Income Security Act of 1974 (“ERISA”) and also to individual retirement accounts (“IRAs”).
If you are a sponsor of at least one Plan — and are, therefore, a “Plan Sponsor” – it is important to consider the...Read More
Social media has become so engrained in people’s lives that they may not realize that they may be subject to different expectations when they enter the workplace. As a result, an employer should set clear expectations at the beginning of the employment relationship to minimize risk of future conflict or even litigation.
Indeed, studies now indicate that a majority of employers have implemented...Read More
The WRNewswire is created exclusively for AALU Members by insurance experts led by Steve Leimberg, Lawrence Brody and Linas Sudzius. WRNewswire 16.04.29 was written by Mary E. Vandenack, Esq., founding and managing member of Vandenack Weaver LLC, Omaha, Nebraska.
The AALU WRNewswire and WRMarketplace are published by the Association for Advanced Life Underwriting® as part of the Essential...Read More