Employers (Including Municipalities) Still Required to File IRS Forms Despite Changes to Affordable Care Act Individual Mandate
March 3, 2020
by Craig R. Cockrell
If you watch the news, you may have heard that the requirement known as the “individual mandate” under the Affordable Care Act, which generally requires that individuals either obtain health insurance or pay a penalty, was repealed by the Tax Cuts and Jobs Act of 2017. Although the “Individual…
Digital Estate Planning – The E-Wills Act
February 10, 2020
by B. Wade Bowen
The year 2020 is upon us, and electronics are everywhere among us. Just three decades ago, in 1990, only 42% of U.S. adults said they used a personal computer at home or work, and emails could be sent only in plain text format. For somewhere between $2,500 and $3,500, one could buy the Motorola…
The SECURE Act and the RMD: Now's the Time to Review Your Retirement Account Trust Beneficiary Designations
February 10, 2020
by Christopher T. Rogers
The Setting Every Community Up for Retirement Enhancement Act of 2019 (the “SECURE Act”) was signed into law on December 20, 2019, with a January 1, 2020 effective date. Although mostly designed to provide additional flexibility in creating and administering retirement accounts, the SECURE Act’s…
Hindsight in 2020: The Biggest Reasons Relatives Wish Their Loved One Had An Estate Plan
We have all heard the phrase that hindsight is 20/20. Often, going through a situation is one of the best ways to learn how to navigate it, or help others, if one encounters a similar scenario in the future. But what about when the difficulty of a situation falls on others, who have no power to…
Syndicated Conservation Easement Transactions: Internal Revenue Service Announces Increased Enforcement Action
The Internal Revenue Service (“IRS”) issued a November 12th announcement titled: IRS Increases Enforcement Action on Syndicated Conservation Easements (“Memorandum”) See IR-2019-182. The Memorandum states that the IRS is increasing from an enforcement standpoint its focus on syndicated…