Category Archives: Articles

New IRS Partnership Audit Rules: Are Your Partnerships and LLC’s Ready?

August 2, 2016 The 2015 Bipartisan Budget Act (the “BBA”) was signed into law in November 2015. BBA made significant changes to the way IRS will audit partnerships for partnership tax years beginning after December 31, 2017. Members of LLC’s …

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Tax Free IRA Charitable Rollover Permanently Extended

If you are age seventy and a half or older, you may instruct your IRA custodian to transfer any amount, up to $100,000, directly to a charitable institution of your choice that qualifies under Section 501(c)(3) (not including a private foundation …

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A Primer on the New CFPB Regulations Governing Residential Closings

On Friday, January 8, 2016, Wood & Lamping’s Roccina S. Niehaus presented a CLE on Title Insurance to the Northeast Lawyers Club. Roccina Niehaus focuses her practice on residential and commercial real estate law. Throughout more than 25 years of experience …

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Are Your Printers and Copiers a Source of HIPAA Liability?

Digital copiers and printers have the capability of storing information, including protected health information, on their hard drives.  The failure to wipe the hard drives clean at the expiration of a lease or upon selling or recycling the equipment can …

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Ohio Rules Govern How Annuities Are Treated for Medicaid Purposes

A friend suggested that I buy an annuity. What, exactly, is that? An annuity is an insurance product. To buy one, you pay a lump sum to the insurance company, and your lump sum is later paid back to you, …

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The Paradigm Shift in Estate Planning

Estate planning had always been focused on maximizing the amount to be left to the heirs.  Reduction of the taxable estate was the goal.  Because of the increase of the Estate Tax Exclusion to $5,430,000 (2015) for most estates, the …

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Are You Suffering? Congratulations, You’re Employed!

Winston Churchill once remarked: “To work is to suffer a small death every day, unless you work for yourself.” Actually, in full disclosure, Churchill never said that – I just dreamed that quotation up.  Nevertheless, if you are like many …

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Church Fights: The Harvest Is Plentiful, but the Workers Are… Feuding

Lock the Doors! In 1902, John L. Dart was the preacher at Morris Street Baptist Church in beautiful Charleston, South Carolina. At a congregational meeting, he was abruptly fired – but then refused to quit preaching.   No, he didn’t take …

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A Primer on a New Era in Residential Real Estate Closings

This article originally appeared in the May 2015 issue of the Cincinnati Bar Association’s CBA Report. The Dodd-Frank Act of 2010 created the Consumer Financial Protection Bureau (CFPB). On March 2, 2015, the Joint Committee between the Cincinnati Board of Realtors …

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Estate Planning – What is Also Important

In establishing an estate plan, of critical importance is the creation of three, sometimes overlooked documents, which may have more value than the estate plan itself.  These documents include a Durable General Power of Attorney, a Living Will and a …

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