On July 15, 2021, members of Congress introduced the bicameral 8-K Trading Gap Act of 2021 (the “Act”). This Act is similar to a piece of legislation titled the “8-K Trading Gap of 2019”, which was introduced and passed by the house with an overwhelming 384 votes to 7...
Articles
Biden’s Tax Proposal To Limit IRS Section 1031 Exchanges
You can view an updated version of this article here. Real Estate Investors Beware President Biden’s Green Book was released on May 28, 2021, and the tax reforms include a proposal to limit the deferral of gain on the exchange of real property used in a trade or...
Issues Related to Unemployment Fraud Persistent
While a sense of normalcy is returning to many aspects of daily life, issues related to unemployment fraud indicate that they will long outlive the pandemic. KJK has been following this issue since our clients first reported being personally affected earlier this...
Executive Order May Make Non-Competes Obsolete in Advisory Industry
President Joe Biden has issued an executive order aimed at growing competition in the economy and labor market. One component raising many questions is Biden’s attack on employers' use of non-compete provisions. Although the official policies that may alter the use of...
Potential Changes to Conservation Easement Tax Incentives
Changes are potentially coming to the popular tax deduction for conservation easements with the introduction of The Charitable Conservation Easement Program Integrity Act (“Act”) by Congress by Rep. Mike Thompson (D-CA) and Sens. Steve Daines (R-MT) and Debbie...
Can Premarital Cohabitation & Prenups Impact Divorce Rates?
Although social scientists have been studying marital trends for decades, there is a notable component of these studies which is often less commonly-discussed—particularly, the relationship, if any, between premarital cohabitation and a subsequent termination of the...
Presidential Executive Order Requests Big Changes for Labor Market
President Joe Biden signed a sweeping executive order Friday aimed at promoting competition in the labor market. The order establishes 72 initiatives and calls to action over a dozen federal agencies to combat what Biden calls the most pressing competition problems in...
Municipal Withholding To Change Under Ohio Budget Bill
Earlier this month, Gov. Mike DeWine signed the 2022-2023 biennial Ohio budget into law. While the bill primarily focuses on various budget items for each agency, it also includes a number of provisions dealing with tax law changes. These changes included reductions...
Nursing Home Restrictions Relaxed in Ohio
The pandemic has undoubtedly affected residents of nursing homes. For more than a year now, residents have had very limited visitation which has led to loneliness, depression and cognitive decline. Residents and their families or loved ones have asked for relaxed...
Safe Sexting: Is it Possible?
No. There is no such thing as safe sexting. If you send an intimate photo or video to another person, or simply store it on your mobile device, you are at risk of having your content published to the internet without your consent. Even though the stakes for sexting...