Washington has avoided the Fiscal Cliff for the time being with the passing of the American Taxpayer Relief Act (“Act”).  While this Act addresses various tax issues, the below focuses on several key issues of the Act: The top marginal income tax rate will increase from 35% to 39.6% for individuals with taxable income above...Read More

In the wake of the recent Presidential election, the focus of many politicians in Washington has turned to the fast-approaching “fiscal cliff,” a combination of federal spending cuts and tax increases designed to combat the growing federal deficit.  While it is still uncertain as to whether Congress will enact subsequent measures to avoid the “fiscal...Read More

On July 16, 2012, the Indiana Court of Appeals issued an opinion in  M & M Investment Group, LLC v. Ahlemeyer Farms, Inc. and Monroe Bank declaring the pre-sale notice provisions of the tax sale statute to be unconstitutional.  In this case Monroe Bank challenged the constitutionality of Indiana Code section 6-1.1-24-3(b), which provides that...Read More

With the Supreme Court recently upholding the Patient Protection and Affordable Care Act (PPACA) employers and individuals need to be prepared to comply with PPACA.  The following summarizes some of the key provisions and effective dates relating to individuals: Beginning in 2014, individuals will be required, with some exceptions, to maintain minimum essential health insurance...Read More

With the Supreme Court upholding the Patient Protection and Affordable Care Act (“PPACA”), employers and individuals need to be prepared to comply with the PPACA.  The following summarizes some of the key provisions and effective dates relating to businesses: For months beginning after December 31, 2013, large employers may be subject to a “shared responsibility...Read More