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U.S. Citizenship and Immigration Services Issues New Edition of Form I-9
Byadmin
The Department of Homeland Security, through U.S. Citizenship and Immigration Services, recently issued a new edition of Form I-9 on March 8, 2013. The previous edition expired on August 31, 2012, but employers had been allowed to use the expired form while the new edition was being produced. Employers should now begin using the March…
501(c)(3) Public Charities: Meeting the Public Support Financial Requirement
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Nonprofit entities that have been granted tax exempt status under Section 501(c)(3) of the Internal Revenue Code (the “Code”) must remain in compliance with the requirements of the Code. This is particularly true with exempt entities that have been granted “public charity” status (the “Organization”). The IRS allows some flexibility in satisfying the Code requirements,…
New IRS Rules Regarding Partnership Audits (including LLCs), Part I
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This blog will be part one of three regarding the new IRS BBA Rules regarding partnership audits that went into effect on January 1, 2018. Background: For over 35 years the IRS has wrestled with effectively auditing partnerships and their partners (including LLCs and their members, once LLCs began being widely used in the 1990s)….
For-profit Director and Officer Standards of Conduct under Maine Law
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Under Maine law, corporate officers and directors bear fiduciary duties to the corporations they serve. Fiduciary duties exist because of the high level of trust placed in a person in a fiduciary capacity. As U.S. Supreme Court Justice Cardozo explained in 1928 in Meinhard v. Salmon: A trustee is held to something stricter than the…
Amendments To Chapter 691, Rules for Underground oil Storage Facilities
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The Rules for Underground Oil Storage Facilities were adopted in 1991, to reduce the number of discharges from underground oil storage tanks, to protect surface water, ground water and drinking water supplies, to prevent vapor intrusion in homes and other buildings, and to generally protect human health and the environment. On January 7, 2014, amendments…
INSURANCE MATTERS: Don’t Waste the Insurance You’ve Already Bought
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Through the years, certain client problems seem to come across my desk now and again, and then not again for a long time. Recently, there seems to have been a spate of situations in which clients have lost coverage, or almost lost coverage, under insurance policies by not giving correct notice to their insurer (or…