Agreements with Creditors

Agreements with creditors didn’t shield president from trust fund recovery penalty. The trust fund recovery penalty, which applies to the failure to withhold the proper amount of taxes out of employees pay and to pay such amounts to the IRS, can be imposed on any...

Employer Alert: Are Your Posters Up to Date?

Beginning January 31, 2012, the National Labor Relations Board requests updated posters to be placed visibly in the office where the employees can easily locate. The premise for these posters is to address the protection that employees have, whether they are union or...

Bankruptcy Exemption

A district court has reversed a bankruptcy court decision awarding a debtor’s inherited IRA under bankruptcy exemption 11 USC 522(b)(3)(C). Under the bankruptcy exemption 11 USC 522(b)(3)(C), two requirements apply. First, the debtor’s amount they want...