If you feel you have been injured by Raptiva please consider and complete the questionnaire below. Please telephone, email or fax your answers to: Attorney Wayne Hassay Maguire & Schneider, LLP 250 Civic Center Drive, Ste 500 Columbus, OH 43215 phone: 614-224-1222 or 800-600-1222 fax: 614-224-1236 *protected email* Name: ________________________________________________ Address: ________________________________________________ ________________________________________________ E-mail Address:________________________________________________ Home Phone:______________________ Work Phone:____________________________ Social Security #:_______-_______-________ Date of Birth:______-_______-______ Date of Death (if applicable):___________________ Employer:________________________________ Job Title:____________________________ Employer Address: _______________________________________ _______________________________________ Number of Years Employed:___________________ Salary:_________________ Marital Status: Spouses Name:___________________________ Spouse’s Social Security #:______-____-_______ Date […]
M&S Staff Attorney
Amy has the experience and connections. Betty has the money. Together they open a little shop. The grand opening of A&B is a dream come true. They have properly incorporated, hired a CPA, drafted a business plan, carefully selected employees, obtained insurance, and got a great deal with suppliers. When the honeymoon is over and the real work of developing a small business begins, Betty the minority shareholder is ignored or worse. Amy, the majority shareholder, runs the store on a day to day basis but does not keep good […]
Converting a sole proprietorship into a corporation seems like a simple matter of filing Articles of Incorporation, issuing stock certificates and adopting By-laws. No need to pay the lawyers or CPAs more money, right? You risk some serious tax consequences by failing to plan your transaction appropriately. A conversion from a sole proprietorship to a corporation raises several serious tax issues. As a sole proprietor, you are transferring assets (equipment, inventory, goodwill, etc.) to your new corporation in exchange for corporation stock. Internal Revenue Code Sec. 351 provides that an […]
The Small Business and Work Opportunity Tax Act of 2007 was signed into law on May 25, 2007. Included int eh Act are various small business tax incentives and a few revenue raisers such as new and enhanced penalties and broadening of the kiddie tax. Previously, a child subject to the kiddie tax pays tax at his or her parents’ highest marginal rate on the child’s unearned income over $1,700 if that tax is higher than the tax the child would otherwise pay on it. In the alternative, parents could […]
The Internal Revenue Service released a publication further explaining the Attributed Tip Income Program (ATIP), a voluntary alternative tip reporting program for the food and beverage industry. For calendar year 2007 only, employers are allowed until June 30,2007 (rather than Feb. 28, 2007 when they timely filed Form 8027 information return) to begin the tip attribution process and make an election to participate in ATIP. As long as employers notify IRS that they would like to participate in the program by filing Form 8027, the safe-harbor protection will begin the […]
The Tax Court upheld IRS practice of using bank deposit reconstruction to determine self-employed internet entrepreneur’s unreported income. Bank deposits are prima facie evidence of income. The taxpayer failed to keep adequate records of his business receipts and other income. All bank deposits were considered regular taxable income without regard to their origin where no other evidence was available. In the same case, the Taxpayer failed to keep records of payments to Internet uplink service in the amount of $47,000 which was claimed as an expense. The expense was disallowed. […]
Your credit card bill just arrived in the mail and you notice a $500 charge for a lawnmower from a home improvement store in Illinois. Wait a minute…you don’t have a lawn and you certainly don’t live in Illinois! It’s identity theft. Quick! What do you do next? Step 1 – 10 minutes Call the creditor to notify them of the fraud right away. The creditor should reverse the fraudulent charges and lock your account. You should have photocopies of your credit cards and credit contact numbers stored in a […]
On Aug. 8, 2005, the President signed the Energy Tax Act which could provide homeowners with a $500 credit for non-business energy property (a one time credit) and the 30% of cost credit for residential energy efficient property (up to $2000). Not surprising, given their subject matter, both are fairly complex. While the many energy related technicalities related to these credits will hopefully be easily resolved with the help of manufacturers certification/labeling, the average person should be aware of this tax saving opportunity. A homeowner may take advantage of these […]
For 2005, a taxpayer can make a Roth IRA contribution equal to the lesser of (1) $4,000 (up to $4,500 if he is age 50 or older), or 100% of the compensation that痴 includible in his gross income for that year. The maximum Roth IRA contribution is reduced by amounts contributed to non-Roth IRAs and is phased out if modified AGI exceeds $150,000 for joint filers. The deadline for establishing and making a contribution to a Roth IRA is the unextended tax return due date for the tax year to […]
In recent years, many businesses have started to include mandatory arbitration provisions in contracts with suppliers, customers, and consumers. While mandatory arbitration provisions may be advantageous in certain transactions, their benefits must be analyzed on a case by case basis. Arbitration is a private dispute resolution process in which a neutral third party renders a decision resolving the dispute after both parties have had an opportunity to be heard. Mandatory arbitration provisions, which are usually included within the terms of a written agreement, require the parties to resolve any dispute […]