By

Ashley Hollen
Recently enacted changes which may affect your business regarding IRS audits of partnerships and limited liability companies (LLCs) have gone into effect for tax years beginning on or after January 1, 2018.  Under the new Rules regarding partnership adjustments and audits, the IRS is no longer required to proceed against an individual partner but instead...
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Having to cope with an unwanted tree that sits directly on one’s property line is an understandable frustration.  However, a property owner should exercise caution before taking matters into their own hands because longstanding legal principles do not favor an adjoining neighbor cutting down a tree that sits on the boundary between parcels. When the...
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Are you thinking of expanding your business into another state? There are many tasks to complete in this process, such as choosing a location, purchasing property or signing a lease, hiring new employees, and many others. When preparing to transact business in a new state, it is important not to lose sight of several important documents...
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Buying a home is a huge decision – and a major investment.  “Back in the day,” a couple would only purchase a home after getting legally married, and their joint ownership of the property was relatively clear cut from a legal perspective. These days, a growing number of home-buying couples are unmarried.  It is important...
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On Monday, April 27, 2015, the Evansville City Council passed G-2015-11, an ordinance amending Chapter 15.15 of the City of Evansville Code of Ordinances.  This ordinance prohibits the construction or erection of fencing and retaining walls within a drainage easement. The ordinance gives the Building Commissioner or Code Official the authority to order the removal...
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Two federal appeals court issued conflicting rulings today on whether the government could offer subsidies in the form of tax credits on health insurance premiums for people in approximately 36 states who purchased insurance on federally-run exchanges under the Affordable Care Act. U.S. Court of Appeals for the District of Columbia Circuit:  Government CANNOT Subsidize...
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Under Indiana law, newly-formed entities are generally required to designate a registered agent for the purposes of receiving service of process in Indiana.  However, business entities formed after June 30, 2014, will face new formation and organization requirements as a result of recent legislative changes. For example, effective July 1, 2014, newly-formed entities including limited...
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On December 13, 2013, U.S. District Court Judge John Gleeson approved a $5.7 billion settlement between Visa, MasterCard and U.S. merchants over allegations that the two companies were fixing the fees charged to merchants each time customers used their credit or debit cards.  Visa and MasterCard were also accused of preventing merchants from steering customers...
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In April 2012, Congress passed the Jumpstart Our Business Startups Act (“JOBS Act”).  Section 201(a)(1) of the JOBS Act directed the Securities and Exchange Commission (“SEC”) to remove the prohibition on general solicitation and general advertising for securities offered under Rule 506 of Regulation D, provided that such sales were limited to accredited investors and...
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The Obama Administration made a surprise announcement yesterday that implementation of the new employer and insurer reporting requirements under the Affordable Care Act (ACA) has been postponed. Planned to commence on January 1, 2014, implementation of the large employer penalty and related employer mandate have been pushed back one year. This means that employers and/or...
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