Employee Benefits: IRS recognizes all legal same-sex marriages for federal tax purposes

In Revenue Ruling 2013-17, released today, the IRS stated that it will recognize all legal same-sex marriages for all federal tax purposes under the Internal Revenue Code, even if the same-sex couple is currently residing in a state that does not recognize their same-sex marriage. The IRS based its ruling on its long-standing position from Revenue Ruling 58-66, under which a common-law marriage validly entered into under the laws of one state continues to be recognized for federal tax purposes even if the couple moves to a state that does not recognize the common-law marriage.

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Multistate Tax Update — August 29, 2013

A newly introduced Ohio bill (H.B. 246) would allow college graduates to claim an income tax deduction for qualified higher education expenses and allow an employer of recent college graduates to deduct the employer’s costs of employing the graduate from the employer’s gross receipts subject to the commercial activities tax. This may be a win on multiple grounds as employers seek new talent in an improving but uncertain economy, recent graduates struggle with unemployment and underemployment and unprecedented debt loads, and there is evidence that Ohio may just have begun to buck its “brain drain” trend. This bill may also be the push some businesses need to ramp up their hiring, as employee costs would be reduced in the first years of the recent college graduate’s service.

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Real Estate Alert: Deadline imminent to challenge your Florida property’s value

If you own real estate in South Florida, time is running out to challenge your property’s market value as set forth in the TRIM Notice of Proposed Property Taxes (the TRIM Notice) that you should have received recently.

If you believe the assessed market value for your property as set forth in your TRIM Notice is higher than the actual market value of your property as of  January 1, 2013 you should file a petition with the Value Adjustment Board (VAB) in your applicable county. The VAB settles disputes between a taxpayer and the Property Appraiser. The VAB is completely independent of the Property Appraiser’s office.

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Business Attorney Mary Edquist joins McDonald Hopkins law firm

Cleveland, Ohio (August 29, 2013) – Mary I. Edquist has joined the Cleveland office of McDonald Hopkins as an associate in the firm’s Business Department. Although she is not yet admitted in Ohio, she is admitted to practice in Washington, D.C. and Colorado and has applied to the Ohio Supreme Court for admission to the Ohio Bar.

Edquist joins McDonald Hopkins from Jones Day’s Washington, D.C. office. Previously, Edquist served as Deputy Public Defender in the Appellate Division of the Office of the Colorado State Public Defender, and she worked in the Hague as an attorney with the United Nations International Criminal Tribunal for the Former Yugoslavia.

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Washington Federal Court ruling threatens validity of National Labor Relations Board actions

On August 13, 2013, the federal trial court for the Western District of Washington issued a ruling with a potentially major impact on employers defending against complaints brought by the National Labor Relations Board. In Hooks v. Kitsap Tenant Support Services, Inc., the court dismissed an unfair labor practice complaint and petition for injunctive relief […]

For more information please visit www.omwemploymentandlaborlaw.com or click on the headline above.

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Does the Lone Pine Still Stand?

Ruling on an issue of first impression, the Colorado Court of Appeals, Division I, ruled on July 3, 2013 in Strudley v. Antero Resources Corp. that Lone Pine Orders are prohibited under Colorado law. In so holding, the court reversed the ruling of the trial court that entered a Lone Pine Order requiring plaintiffs to present prima facie evidence to support their claim that hydrofracking had contaminated their groundwater or risk having their case dismissed.

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Standard Form Bank Guarantees May Trump Common Law Protections

Cheryl Cusack and Jason Brasseur are married.  In 2005, Ms. Cusack signed a “continuing” guarantee for the indebtedness of Mr. Brasseur’s company to the Royal Bank of Canada (“RBC”) for $150,000.  The guarantee covered present and future liabilities of the company and were not tied to any specific loan between RBC and the company.  Ms. Cusack received independent legal advice before signing the guarantee. 
RBC also held a first ranking security interest in the company’s assets and a personal guarantee from Mr. Brasseur.
In 2006, RBC agreed to increase the company’s operating line of credit to $250,000.  Ms. Cusack and Mr. Brasseur each gave fresh personal guarantees for $250,000 to RBC that covered the company’s present and future liabilities.
These guarantees were also continuing guarantees and were not tied to any specific loan between RBC and the company. 
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ILN Today Post

60 Shutts & Bowen Attorneys Recognized as 2014 Best Lawyers in America

Shutts & Bowen is proud to announce that sixty lawyers were recently selected by their peers for inclusion in The Best Lawyers in America® 2014.  Four of the firm’s partners were selected as “Lawyers of the Year” in their practice area: Bowman Brown in Miami for Mergers and Acquisitions Law, Charles Robinson Fawsett in Orlando for Labor Law, Joseph Goldstein in Miami for Administrative/Regulatory Law, and Micky Grindstaff in Orlando for Real Estate Law. More…

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ILN Today Post

Best of the Best 2013 – Jukka Luostarinen listed among the world’s leading 30 Competition and Antitrust lawyers

Peltonen LMR Partner Jukka Luostarinen is listed in Legal Media Group’s newly published Best of the Best 2013 ranking of the world’s leading 30 Competition and Antitrust lawyers.

Best of the Best compiles the world’s top 30 practitioners in 20 areas of the law. The guide is published in the Legal Media Group’s Expert Guides series. More…

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ILN Today Post

Competition Law 2013 seminar 19-20 September 2013

Competition Law 2013 seminar takes place on 19-20 September 2013 in Helsinki. In the annual seminar, arranged by Talentum, current competition law topics are discussed by experts.

The seminar on 19 September 2013 is chaired by Peltonen LMR Partner Ilkka Leppihalme.

The seminar programme in Finnish

The seminar is in Finnish. More…

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