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Corporate Law

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2016-10-19 Employment Law - Exempt employee and tips:

Skye,    The answer to your questions is - as an exempt managerial level employee you should probably not be sharing in tips, particularly if this is a one-off type of event. By doing so, you are creating

2016-10-17 Tax Law (Questions About Taxes) - Taxes after death:

Michael,    Thanks for your question.    Any assets owned by the deceased would go to help pay the debt, including any life insurance, retirement plans or the like. If any assets had been recently transferred

2016-10-14 Employment Law - It's Confusing:

Once you are no longer working with him he has no obligation of any kind toward you.  The only thing you can do is heed your attorney's advice and send letters too your clients.  You can ask him to give

2016-10-10 Tax Law (Questions About Taxes) - Personal tax:

Jay,    Thanks for your question.    Yes, that would be taxable income. Since the underlying property (the condo) is a capital asset, the buyout would be a capital gain, reported on Schedule D. There may

2016-10-07 Tax Law (Questions About Taxes) - taxes on outstanding 401k loan on death of participant:

Freida,    Thanks for your question.    Any time an employee takes out a loan against his 401(k) and terminates from service or dies, the balance of the loan is considered a distribution. Since you were


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