The number of VA-guaranteed loans reached a record high in the year 2013, with no signs of slowing down. The steady increase represents an upward trajectory since the collapse of the housing market. The Department of Veterans Affairs guaranteed approximately 630,000 mortgage loans in fiscal year 2013, about half of which were borrowed with the purpose of refinancing.
The 2014 National Healthcare Decisions Day is Wednesday, April 16, 2014. Over 100 million American adults have not designated an agent to make medical decisions nor documented the type of medical care they desire. Although it is a difficult issue to address, it is important for all adults to consider who is best-suited to make medical decisions for them the event they become too ill to convey their wishes personally.
Heading into April, tax season is now in full swing. With the April 15th “Tax Day” due date quickly approaching, Americans filing their income taxes should be aware of increasingly-sophisticated scams. Geared towards taxpayers eager to secure a large refund, the scammers employ a wide range of tricks to prey on individuals.
On March 29, 2014, Gov. Andrew M. Cuomo and legislative leaders announced an agreement on New York State’s 2014-2015 budget which included several tax law changes.
When companies downsize, they rely on severance agreements to shield themselves from the threat of lawsuits. Among other legal components, severance contracts typically include a general release of claims, a non disparagement clause, and a covenant not to sue. By agreeing not to sue their former employer, the departing individual receives money and/or other benefits.
Forbes has dubbed New York one of the worst places to die in 2014. The reason for the moniker is the estate tax which is a tax on your right to transfer property at your death. New York, along with only thirteen other states, still levies the tax. The state estate tax is in addition to the federal estate tax.
When starting a business you will face many choices, one of which is the form of entity to be used. Choosing the best entity involves many considerations including limited liability, partnership issues, public perceptions and tax considerations. The considerations for each business are different and must be evaluated in order to reach the best decision. What might be best for a lemonade stand probably would not be best for a machine shop. The possibilities include:
Making the decision to adopt a child begins a wonderful and exciting time for a family. Though undoubtedly worthwhile, the required legal procedure can be complex and lengthy, so we are here to help ensure as smooth a process as possible.
The licensing process in New York State is time-consuming, complex and paper intensive. While you may be able to maneuver through the process on your own, an experienced and knowledgeable attorney can ensure the application is complete, and in certain cases, provide a certification that may help expedite the process. More importantly, however, retaining an experienced attorney frees you up to handle the other details of getting your establishment up and running.
Acting Commissioner of Social Security Carolyn W. Colvin recently announced that 25 new Compassionate Allowances conditions will be added to the existing list of conditions, bringing it up to 225 in total. The Compassionate Allowances program aims to ensure that Americans with the most serious disabilities are able to secure their benefit decisions in a matter of days, rather than months or years.