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NEW BUSINESS REPORTING REQUIRMENT

August 23, 2024

MANDATORY NEW BUSINESS COMPLIANCE REPORTING       In 2021, the Corporate Transparency Act (“CTA”) was enacted. The CTA created new requirements for certain entities to report to the

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Connelly v. United States

July 25, 2024

  CONNELLY v INTERNAL REVENUE SERVICE Michael and Thomas Connelly were the sole shareholders in Crown C Supply, a small building supply corporation. The brothers entered into an agreement to ensure that Crown

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Estate Tax Reduction Looming

ESTATE TAX REDUCTION LOOMING   ($13.6 Million back to about $6 Million in 2026)       As of January 1, 2026, the current lifetime estate and gift tax exemptions will sunset and revert back to

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Corporate Transparency Act Reporting

December 27, 2023

Action Required: Corporate Transparency Act Reporting Is Here Original link can be found at the American Bar Association here: http://tinyurl.com/wxw43d8s     The Anti-Money Laundering Act of 2020, which is part

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Trust Termination Statute

March 16, 2023

Ohio Revised CodeSection 5801.22 Termination of irrevocable trust as a result of trust-terminating distributions.Effective: April 3, 2023Legislation: Senate Bill 202 - 134th General Assembly(A) When a trust is to

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Gehrke v. Senkiw - Incorporation by Reference

January 16, 2023

Gehrke v. Senkiw Court of Appeals of Ohio, Second Appellate District, Montgomery CountyApril 22, 2016, RenderedAppellate Case No. 26829 Summary This court held that the validity of a revocable trust that the

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