I recently had lunch with a non-lawyer friend who, like me, has been married over 30 years (34 years for me; 31 for him). He was having some doubts about long-term marriage and found it odd that a divorce attorney (like me) could be happily married and content for so long. He wanted to know …
F Drops: It is Not a Profane Concept for S Corporations!
While partnership vehicles (particularly multi-member LLCs) are ordinarily the flow-through entity of choice, many businesses – especially long-standing closely-held businesses and healthcare businesses – opt for S corporations status. S corporations can present tax efficiency challenges, particularly on the exit of a business. Purchasers rarely desire to acquire an historic corporation (which may end up …
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What Happens with Parenting Time and Custody if I Have to Move After my Divorce?
So you’ve gone through a divorce. You have survived the mental anguish of the process and a court order has been entered regarding custody and parenting time. Eventually, life has settled back down, you and your ex-spouse are complying with the court order and everything is going as it should. But what happens to custody …
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Ohio Enacts Sweeping Energy Legislation: HB 6 Bails Out Nuclear, Coal Rolls Back Renewables and Energy Efficiency Opponents Pursue Referendum
Ohio’s longstanding energy policy debate came to a (temporary) conclusion on July 23, 2019, when Governor Mike DeWine (R) signed House Bill (HB) 6 into law. The bill will have significant consequences for existing electricity resources in the region, as well as Ohio’s renewable portfolio standard and energy efficiency programs. Of course, that’s only if …
Obtaining an Order of Protection Without Filing for Divorce
As part of any divorce proceeding, it is possible to obtain exclusive possession of the former marital residence if circumstances indicate that there are safety concerns. However, if you are not ready to file for divorce, talk to your attorney about obtaining an order of protection if you are concerned about your safety, your children’s …
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The Effect of Canada’s Revised Anti-Money Laundering Rules on Casino Operators
On July 10, 2019, the Regulations Amending Certain Regulations Made Under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the “Amending Regulations”) were formally released in the Canada Gazette. The formal release follows the June 2018 release of draft Amending Regulations. The Amending Regulations affect several regulated entities, including casinos. As such, casino …
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There’s Nothing Like the Feelings of a New Pencil for School: Michigan’s Proposed Tax Holiday for Back-To-School Supplies
House Bills 4824 and 4825 were introduced and referred to the Tax Policy committee early August. These house bills propose what will be, if passed by the Michigan Legislature and signed by the Governor, the only annual tax holiday in Michigan. The proposed tax holiday provides an exemption on certain school supplies from the state …
10 Tips for Reducing the Expenses of Getting a Divorce
Litigation of any kind can be expensive, and a divorce is no exception. The good news is that there are many ways that you can help control the expense. Here are 10 tips for reducing the expenses of your divorce. Put It in Writing. If you need to relay information to your attorney that is …
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Three Common Questions and Answers When Considering Divorce
Do I have to get divorced in the same state I was married in? No. Regardless of where you were married, you may seek a divorce in Arizona if the jurisdictional requirements of residency are met and the marriage is not considered void in Arizona. The law that will be applied is Arizona law, not …
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IRS Notifying Owners of Virtual Currency to Report Transactions
The IRS has recently began sending letters to certain owners of virtual currency (e.g., Bitcoin, Ether, etc.) regarding requirements for reporting transactions involving such virtual currencies. See IRS Information Release 2019-132. The IRS is concerned that taxpayers have been entering into virtual currency transactions and failing to properly report them. The letters are an offshoot …
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