By: Michael Van Someren & Danielle S. Snyder A 1031 Tax-Deferred Exchange (“§ 1031 Exchange”) is an extremely useful tax strategy for taxpayers that maintain real property for productive use in trade, business or for investment. It allows a taxpayer to defer payment of capital gains tax on investment properties that are sold. A taxpayer…
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By: Michael Van Someren and Joseph E. Tierney IV On December 18, 2019, the Securities and Exchange Commission (SEC) released a proposed amendment to 17 CFR Parts 230 and 240 that would expand the definition of “accredited investor” in the U.S. securities laws, which can be found here. This expanded definition has the potential to…
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By: Ann M. Rieger For several months, attorneys and tax practitioners have been following the so-called “SECURE” Act,[1] which will greatly impact qualified retirement plans and individual retirement accounts (IRAs). While the Act passed the House of Representatives by a margin of 417 to 3 in May of this year, similar legislation stalled in the…
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By: Mark G. Kmiecik Last month, the IRS released the 2020 inflation adjustments for several tax provisions in Rev. Proc. 2019-44. The adjustments apply to tax years beginning in 2020 and transactions or events occurring during the 2020 calendar year. A select group of key provisions relative to trusts and estates are identified below. Income…
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Under current Wisconsin law, a property owner is generally liable for contamination regardless of when the pollution occurred and regardless of who caused the contamination. There are some limited exceptions for qualifying local governments, lenders, impacted neighbors and persons who obtain what is known as a Voluntary Party Liability Exemption. But, Wisconsin does not provide…
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By: Anthony J. Steffek No matter the business, as long as humans are working with each other, there will always be conflict of some type. Certain conflict is “good” – for example, a debate in the workplace these days about which gentleman named “Aaron” is playing better football for a certain local team is good…
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By: Brian J. Pfeil Easements are extremely common in our everyday life and serve an important role in offering access to otherwise inaccessible tracks of land due to boundary lines. Strip malls, shopping centers, multi-use buildings and other businesses often share parking lot space through an exchange of easements. Many of us access retail shops,…
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By: Laurie E. Meyer On Tuesday, September 24, 2019, the Department of Labor published its Final Rule in connection with the so-called “white collar” overtime exemptions. The Final Rule, which goes into effect on January 1, 2020, raises the salary threshold for these overtime exemptions from $455 per week to $684 per week (equivalent to…
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By: Elizabeth K. Miles Protective orders are used in litigation to protect a party’s propriety or confidential information from being disclosed to the public. Often, parties agree on the terms of the order and submit a stipulated protective order for entry by the court. It is unlikely that you or your opponent prepare a new…
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By: Robert W. Burns Wisconsin has some unique qualities discovered by newcomers, among them cheese curds, booyah and supper clubs. New employers in Wisconsin, or those operated by national or international entities, may also encounter provisions of Wisconsin employment law that go beyond or differ from federal law. This article will highlight some of those…
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