by Leif Jensen | Oct 15, 2018 | General |
The threat of an IRS levy doesn’t let you tap your retirement plan penalty-free, according to the court informed a couple under age 59½ who withdrew more than a million dollars from their plan to help pay outstanding tax debts. After IRS assessed the 10% penalty, the...
by Leif Jensen | Oct 10, 2018 | General |
California has recently enacted a new privacy law. This law will set the tone as the toughest-ever U.S. privacy decree. While hastily signed into law in June, the sweeping policy will affect hundreds of thousands of U.S. businesses when it takes effect Jan. 1, 2020....
by Leif Jensen | Oct 9, 2018 | General |
We recently met with a couple looking to create a new Not for Profit, they were a referral from a center of influence. They are proceeding slowly and are looking for the right team to be put in place before they truly get started. I was impressed with the due...
by Leif Jensen | Oct 8, 2018 | General |
A couple in bankruptcy can sue IRS for damages for emotional distress. They owed taxes, which IRS tried to collect. Even after they filed bankruptcy, IRS sent them repeated letters demanding payment and threatened enforcement action. This was improper. The couple sued...
by Leif Jensen | Oct 3, 2018 | Uncategorized |
Let the buyer beware, definitely something to keep in mind when you are purchasing a business. I have a client that was working through the due diligence for the purchase of a competitor for months, only to have the business sold to an employee right before the...
