by Leif Jensen | Jun 26, 2012 | General |
The IRS has finally issued guidance for handling the portable estate tax exemptions. After the passing of the first spouse, the surviving spouse can absorb any unused exemptions allowing for larger tax free lifetime gifts or bequeath additional assets free of estate...
by Leif Jensen | Jun 17, 2012 | General |
Apparently some states are looking at extensive job licensing requirements and rethinking the logic behind them. There are those that argue that burdensome industry-backed rules keep people from working. The careers under scrutiny are: cosmetologists, auctioneers,...
by Leif Jensen | Jun 17, 2012 | General |
Publicly financed space exploration is winding down in coming years due to budget cuts at NASA. Fortunately there are some private initiatives, as well as probes by China, the United Kingdom and Russia, are in the works, but some are decades away from being launched....
by Leif Jensen | Jun 17, 2012 | General |
New York City’s Mayor Michael Bloomberg declaration against Coca-Cola and Pepsi’s jumbo sized drinks in his fight against obesity is unlikely to become a federal strategy. Lawmakers in both parties see Bloomberg’s proposed crackdown as a giant overreach of power. So...
by Leif Jensen | Jun 17, 2012 | General |
The evils of cell phones usage in Illinois. It is currently not illegal to use your cell phone except for the following: school zones, highway construction zones; novice drivers or the city of Chicago. But more and more employers are prohibiting workers from using...
by Leif Jensen | Jun 11, 2012 | General |
It appears that the IRS has changed their policy on issuing tax ID numbers. This change is vexing tax professionals. The agency has decided that it will issue only one FEIN per day to requesters, down from prior five. This announcement came last month from the IRS....
