Update: This tax was repealed on March 21, 2014. The information below is preserved for archival purposes. It is no longer in effect. 2014 Law (Repealed) Starting April 1, 2014, business-related …
READ MORE →Introduction A criminal trial isn’t the only time you may need to “plead the Fifth.” You may need to assert your Fifth-Amendment right against self-incrimination in a civil lawsuit, even the middle of …
READ MORE →Installment Sales (See footnote 1.) IRC Section 453 defines the appropriate accounting method for reporting income from an “installment sale.” (See footnote 2.) An installment sale is generally …
READ MORE →Get Started: Licensing Requirements & Other Considerations The 21st Amendment to the United States Constitution ended prohibition in 1933. That year, all 50 states adopted some form of three-tier …
READ MORE →Can a broker be liable for tax consequences arising from an ill-advised annuity liquidation? Yes. What about other bad tax advice? Absolutely. In short, a broker can be liable. You may have a claim …
READ MORE →Before entrusting a brokerage firm with your life savings, or any significant portion of it, spend some time evaluating the firm’s financial health. You’ll be glad you did if the firm ultimately …
READ MORE →It depends but ordinarily not. The United States Supreme Court has held that an employer does not violate the Age Discrimination in Employment Act, 29 U.S.C. §§ 621-634, by acting on the basis of a …
READ MORE →I. Jurisdiction i. Whether a claim that an employer interfered with its employees’ rights under Railway Labor Act falls within the jurisdiction of the adjustment boards or federal courts. The Railway …
READ MORE →Sample Franchise Disclosure Document Does failure to provide mandated disclosure documents vitiate a subsequent franchise agreement? Yes. Under Minnesota law, a franchisee is entitled to rescind the …
READ MORE →Licensing and Filing Information Inside this booklet Need help with your taxes? Information on: We’re ready to answer your questions! Getting a license Filing your monthly return Minnesota Department …
READ MORE →This post has been adopted from a Minnesota Department of Revenue document: (2013 Regular Session) Bulletin Date: May 31, 2013 MINNESOTA REVENUE Appeals and Legal Services Division 600 North Robert …
READ MORE →Detective and Security Services Detective and security services, armored car services, and burglar and fire alarm services are taxable. Sales tax applies to the total charge to the customer. The …
READ MORE →This post has been adopted from a Minnesota Department of Revenue Fact Sheet. This fact sheet describes the definition of prosthetic devices and provides a summary of how Minnesota sales and use tax …
READ MORE →This post has been adopted from a Minnesota Department of Revenue Fact Sheet. This fact sheet describes the definition of durable medical equipment and provides a summary of how Minnesota sales and …
READ MORE →Starting a General Partnership in Minnesota A general partnership is a business that is owned by two or more persons who associate to carry on the business of the partnership for profit. General …
READ MORE →Many believe that creditors can’t touch their retirement savings. But in many states (including Minnesota) that’s frequently not true. If you have an ERISA-qualified 401(k) or pension plan, your …
READ MORE →When my clients consider selling their settlement for a lump sum payment, I work with them to determine if the offer is in their best interests, applying the same fiduciary discipline reflected in …
READ MORE →A person obtains a trademark by being the first to use it in commerce on a good or service. It must be something that may be validly trademarked. Descriptive marks and generic marks generally may not …
READ MORE →Corporations are run, in large part, by Officers and the Board of Directors. Individual Directors make up the Board of Directors. A vast amount of decision making related to the everyday affairs of a …
READ MORE →Schools, Sales and Purchases This fact sheet explains how sales tax applies to sales and purchases made by schools and school districts. Types of schools School districts are public school entities …
READ MORE →This post has been adopted from a Minnesota Department of Revenue Fact Sheet. Aircraft When you acquire complete or partial ownership of an aircraft, or when you first bring an aircraft into Minnesota …
READ MORE →A nonsolicitation agreement is a type of agreement that typically restricts an individual (usually a former employee) from soliciting either employees or customers of the company where the individual …
READ MORE →2013 Tax Law Changes Overview: Estate TaxTax TypeStatuteBrief DescriptionEffective DateEstate Tax289A.10 Sub 1Estate Tax: Modifies the filing requirements for the estate tax to provide that federal …
READ MORE →Does a Judgment Lien Against a Homestead Exempt Property Take Priority Over a Later-Recorded Mortgage? A judgment becomes a lien against the judgment debtor’s real property at the time of …
READ MORE →Yes. You can protect your home from the judgment of creditors. Minnesota Statutes Section 510.01 provides an exemption that protects a judgment debtors’ homestead from seizure or sale under legal …
READ MORE →The Minnesota Workers’ Compensation Act, Minnesota Statutes Chapter 176, requires employers to provide workers’ compensation insurance to its employees. Similarly, the Act provides for four separate …
READ MORE →The material change doctrine is a legal theory that developed in Massachusetts. (See footnote 1.) Under Massachusetts’ law, each time an employee’s employment relationship with the employer changes …
READ MORE →Can I Protect My Home From the Claims of Creditors? Yes, Minnesota Statutes Section 510.01 provides an exemption that protects a judgment debtors’ homestead from seizure or sale under legal process. …
READ MORE →Related disclosure document posts: Franchise Rule Disclosure Compliance Obligations Ways of Furnishing Disclosure Documents Sample Franchise Agreement / Disclosure Document When Must Disclosure …
READ MORE →The following is the current (updated July 2023) Fact Sheet for Minnesota Sales Tax Guide for Selling Candy & Sweets. The following post has been adopted from the Minnesota Department of Revenue’s …
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