On August 8, 2020, President Trump issued a Memorandum entitled “Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster,” directing the Secretary of the Treasury to defer the withholding, deposit, and payment of certain payroll taxes. On August…
Read MoreFor family businesses organized as limited liability companies, an operating agreement is critical to maintaining ownership within the family, providing clear direction to management in the face of complicated family dynamics, and offering stability when individual family members wish to…
Read MoreIn November 2015, Congress enacted as part of the Bipartisan Budget Act of 2015 (the “BBA”) partnership audit rules designed to make it easier for the IRS to examine partnerships and collect any resulting underpayments through one centralized proceeding. With limited…
Read MoreThe Tax Cuts and Jobs Act changes much of our nation’s tax law. One of the most discussed changes is the new flat corporate tax rate of 21%, which is a permanent change in the new law. To take advantage…
Read MoreThis post follows up on a prior article addressing the myriad issues that can occur when a retail tenant abandons the premises before the expiration of the lease term: When A Retail Tenant Goes Dark – Part One. This is a growing…
Read MoreDespite strong consumer confidence and the lowest unemployment level in a decade, retail defaults this year are expected to surpass those in 2009 when the economy was in the throes of the Great Recession. Sorry, We're Closed, The Economist, May…
Read MoreGiven its flexibility regarding structure and tax treatment, limited liability companies (LLC’s) remain one of the most popular entity types in the State of Washington for real estate and business ventures. When forming a new LLC, or purchasing interests in…
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