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Checkbook IRA

Checkbook IRA

A recent case has shed light on one of the riskiest retirement plan strategies put forth by promoters. In McNulty v. Commissioner (157 T.C. 10) a U.S. Tax Court brought clarity to the scheme of using self-directed IRAs for personal investments.

Piercing the Corporate Veil – How to Avoid It

Piercing the Corporate Veil – How to Avoid It

50% of piercing the veil court cases nationwide succeed because owners are failing to properly follow corporate formalities. This exposes business owners to personal liability - meaning they can lose their possessions. What is the Corporate Veil? What is the corporate...

The Wyoming DAO LLC

The Wyoming DAO LLC

A DAO is an organization operated by a smart contract, which is a computer code running within the blockchain. The ‘A’ for Autonomous refers to the self-executing nature of it all.

Is Your Website Ready For ADA Compliance?

New Court Case May Indicate Future Requirements

Winn-Dixie, a large supermarket chain, was sued under the Americans with Disabilities Act (ADA). Juan Gil, a blind Florida resident, went to court because the chain’s website was not accessible to him. The ADA requires that places of public accommodation provide “full and equal enjoyment of the goods, services, facilities, privileges, advantages, or accommodations of any place of public accommodation.”  The U.S. District Court Judge for the Southern District of Florida relied upon previous court holdings that the ADA covered both tangible and intangible barriers that restrict individuals with disabilities from the enjoyment of a public accommodation’s service. Since the supermarkets’ website did not accommodate the visually impaired, it denied Mr. Gil “the full and equal enjoyment of Winn-Dixie’s goods, services, facilities, privileges, advantages, or accommodations because of his disability.” The court issued an injunction requiring Winn-Dixie to make its website accessible to the disabled. A new standard has emerged known as the Website Content Accessibility Guidelines (WCAG), version 2.0. Screen reader technologies can now read website content to individuals with blindness and assist them in navigating the site with voice prompts. Integrating such technologies into a “public” website will help satisfy the new and developing WCAG requirements. Is your website ADA compliant? Hotels, restaurants, retailers and other places of public accommodation that transact business with the public over their website should take note. If not now, at some point in the future you may be required to bring your website into compliance with WCAG 2.0.
Checkbook IRA

Checkbook IRA

A recent case has shed light on one of the riskiest retirement plan strategies put forth by promoters. In McNulty v. Commissioner (157 T.C. 10) a U.S. Tax Court brought clarity to the scheme of using self-directed IRAs for personal investments.

Piercing the Corporate Veil – How to Avoid It

Piercing the Corporate Veil – How to Avoid It

50% of piercing the veil court cases nationwide succeed because owners are failing to properly follow corporate formalities. This exposes business owners to personal liability - meaning they can lose their possessions. What is the Corporate Veil? What is the corporate...