In IRS Private Letter Ruling No. 201117011 released April 29, 2011 (not to be used or cited as precedent under IRC section 6110(k)(3)), the Commissioner granted a taxpayer a 120 day extension to make an election under section 469(c)(7)(a) of the IRC to treat all of his rental real estate..
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On April 20, 2011, The United States District Court for the Northern District of Illinois stated in Federal Deposit Insurance Corporation, as Receiver for Ravenswood Bank v. Republic Title Company (2011 WL 1526817) as follows:
Under 810 ILCS 5/9 et seq., goods sent from one party (consignor; often manufacturer) to another party (consignee; a merchant) will only qualify as a consignment under and be governed by Article 9 of the Uniform..
On July 1, 2011, the new Illinois Power of Attorney Act (755 ILCS 45/et seq.) (hereinafter “Act”) signed into law by Governor Pat Quinn in July of 2010 went into effect throughout Illinois providing principals more protection from abuse and fraud by agents.
By and large, the federal Family and Medical Leave Act of 1993 (hereinafter “FMLA”)(29 U.S.C. §2601, et seq.) applies to employers with fifty (50) or more employees for twenty (20) or more calendar workweeks in the current or preceding calendar year.
Starting in 2013, a special 3.8% Medicare surtax on unearned income of high-income singles with adjusted gross incomes over $200,000 and married couples filing jointly with adjusted gross income over $250,000.
On June 1, 2011, the Illinois Religious Freedom Protection and Civil Union Act (750 ILCS 75/1 et seq.) (hereinafter “Act”) signed into law by Governor Pat Quinn on January 31, 2011 went into effect throughout Illinois granting two persons of either..
Jostock & Jostock, P.C. – Attorneys at Law – Specializing in Estate Planning, Probate and Trust Administration, Corporate Representation, Real Estate Transactions, Tax Law, Labor and Employment, Wills and Trusts, Contracts and Succession Planning