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Month: July 2013

The city of Detroit announced on Thursday that it plans to file for bankruptcy–making it the largest American city ever to take such a course. The city’s debt is likely to be $18 billion and perhaps as much as $20 billion. It is reported to be the largest municipal bankruptcy filing i Read More

The IRS issued a formal notice that officially delays the employer shared responsibility provisions of the Affordable Care Act, also known as the employer mandate, for a year and postpones the information reporting requirements. The announcement gives larger employers until January 2015 to co Read More

Today, the retail environment is a tough, competitive business.  According to the 2007 Economic Census, there were 1,122,703 retail establishments in the United States and a total of 14.2 billion square feet of retail space. Retail is at the core of America’s economy. An estimated two-thir Read More

Oops…The Internal Revenue Service has made a pretty big mistake. It has been reported that they posted the Social Security numbers of tens of thousands of people on the internet before taking down the information when a whistleblower pointed out the mistake. One estimate put the figure as h Read More

DOMA IS UNCONSTITUTIONAL – WHAT NOW?       TAX & ESTATE PLANNING OPPORTUNITIES FOR SAME-SEX MARRIED COUPLES AFTER THE SUPREME COURT HAS CLEARED THE WAY On June 26, 2013, the Supreme Court ruled on United States v. Windsor, declaring that part of the Defense of Marriage Act ( Read More

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