Law Change Affects Moving, Mileage and Travel Expenses; Offers Higher Depreciation Limits for Some Vehicles

IRS provided information to taxpayers and employers about changes from the Tax Cuts and Jobs Act that affect:

Move related vehicle expenses Un-reimbursed employee expenses Vehicle expensing

Changes to the deduction for move-related vehicle expenses

The Tax Cuts and Jobs Act suspends the deduction for moving expenses for tax years beginning after Dec. 31, . . . → Read More: Law Change Affects Moving, Mileage and Travel Expenses; Offers Higher Depreciation Limits for Some Vehicles

Tax Reform: Changes to Depreciation Affect Businesses Now

IRS reminds businesses that passage of the Tax Cuts and Jobs Act may affect their depreciation deductions and taxes. Business taxpayers can generally depreciate tangible property except land, including buildings, machinery, vehicles, furniture and equipment.

Changes to depreciation and how they will affect businesses may include:

Businesses can immediately expense more under the new . . . → Read More: Tax Reform: Changes to Depreciation Affect Businesses Now

Combat Zone Tax Benefits Now Available to Armed Forces Members Who Served in the Sinai Peninsula; IRS Accepting Retroactive Tax Refund Claims Back to 2015

April 13, 2018

Under the Tax Cuts and Jobs Act (TCJA) enacted in December 2017, members of the U.S. Army/Navy/Marines/Air Force/Coast Guard who performed services in the Sinai Peninsula of Egypt can claim combat zone tax benefits retroactive to June 2015. Eligible service members should review Publication 3, Armed Forces’ Tax Guide, available on . . . → Read More: Combat Zone Tax Benefits Now Available to Armed Forces Members Who Served in the Sinai Peninsula; IRS Accepting Retroactive Tax Refund Claims Back to 2015

Taxpayers Should Report Name Changes Before Filing Taxes

When a taxpayer changes their name, that change can affect their taxes. All the names on a taxpayer’s tax return must match Social Security Administration records. A name mismatch can delay a tax refund. Here’s what a taxpayer should do if anyone listed on their tax return changed their name:

Reporting Taxpayer’s Name Change. . . . → Read More: Taxpayers Should Report Name Changes Before Filing Taxes

Special Counsel and Chapter 13 Bankruptcy

By Scott G. Stout and Wayne P. Novick

So, you think the Bankruptcy Code does not impact your practice. Think again. Bankruptcy is one area of the law that can reach far and wide and can impact numerous other areas of law. The most important question you can ask your client is: “Are you . . . → Read More: Special Counsel and Chapter 13 Bankruptcy

Slavery and Bankruptcy in America

By Professor Rafael I. Pardo, Robert T. Thompson Professor of Law, Emory Law (Atlanta, GA)

Summary/Commentary

By Phil Lamos, Chief Legal Counsel, Office of the Chapter 13 Trustee Lauren A. Helbling (Cleveland, OH)

Slavery and Bankruptcy in America – Summary

Professor Rafael Pardo has written an extensive and fascinating article to be . . . → Read More: Slavery and Bankruptcy in America

Electronic Signatures Vs. Digital Signatures: What’s The Difference?

When it comes to selecting e-signature technology, lenders are well advised to think in terms of digital signature technology, as well.

Patrick Barnard

E-signature technology is seeing rapid adoption in the mortgage industry. Today, most, if not all, mortgage lenders accept e-signatures in some form, regardless of what stage they are at . . . → Read More: Electronic Signatures Vs. Digital Signatures: What’s The Difference?

ABA, Hazelden Betty Ford Foundation Release First National Study On Attorney Substance Use, Mental Health Concerns

ABA, Hazelden Betty Ford Foundation Release First National Study On Attorney Substance Use, Mental Health Concerns

Of 11,278 attorney/participants 20.6% scored at a level consistent with problematic drinking. . . . Of 11,489 participants, 36.4% . . . score consistent with hazardous drinking or possible alcohol abuse or dependence. A significantly higher proportion of . . . → Read More: ABA, Hazelden Betty Ford Foundation Release First National Study On Attorney Substance Use, Mental Health Concerns

In Your Cites - A Quick Refresher Of Common Legal Citations For Your Bankruptcy Practice

By Megan E. Craig, Bayer, Wishman & Leotta (Los Angeles, CA)

New law school graduates and thirty-year veteran practitioners alike can benefit from a quick refresher on proper Bluebooki citation. This article reviews proper use of basic case, statute, internet and book citations, including use of short form and signals. It is intended for . . . → Read More: In Your Cites – A Quick Refresher Of Common Legal Citations For Your Bankruptcy Practice

AO Issued Director Forms

At its October meeting, the Advisory Committee on Bankruptcy Rules recommended the Director Forms indicated below:

Form 4100N Notice of Final Cure Payment Form 4100R Response to Notice of Final Cure Payment