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Move Quickly to Recharact…

Move Quickly to Recharacterize IRA Contributions

A deadline is looming. Assuming you filed your 2010 income tax returns on time, you have until October 17, 2011, to recharacterize contributions to Roth IRAs as contributions to traditional IRAs. This deadline may be important to you if converted you… Read More
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Non-Competes, Are They Le…

Non-Competes, Are They Legal?

Regularly, I have business clients tell me with confidence, “I don’t need to worry about hiring this new employee even though she has a non-compete with her former employer. Those agreements aren’t enforceable anyway.” Just as often, employer… Read More
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Parental Waivers: The Con…

Parental Waivers: The Continuing Saga

Parental Waivers Do Not Count For Much In June of last year, we informed you that the Michigan Supreme Court held that parental waivers were unenforceable. At the same time, we were optimistic that the Michigan Legislature would pass a law that would… Read More
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Dual Principal Residence…

Dual Principal Residence Exemptions are Possible

Meeting certain criteria There is a little known exception to the rule that a homeowner can claim a Principal Residence Exemption on only one residence at a time. In response to the sluggish real estate market, Michigan enacted a law in 2008 allowing… Read More
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Categories: Now You Know It