Important news from California: Shareholders Andrew Downs and Samuel Ruby explain the California Supreme Court's John's Grill decision and its implications for insurers. https://lnkd.in/gQDKwDRv
Bullivant Houser Bailey’s Post
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Managing Shareholder of Fuller, Frost & Associates, CPAs, PC / Adjunct Instructor at Augusta University-Hull College
https://lnkd.in/eikFRT6D Highest-risk claims being denied, additional processing to begin on low-risk claims; heightened scrutiny and review continues as compliance work tops $2 billion; IRS will consult with Congress on potential legislative action before making decision on future of moratorium IR-2024-169, June 20, 2024
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The California FAIR Plan is just one catastrophe away from insolvency due to inadequate assets and financial safeguards. We must act now to FIX the #CAInsuranceCrisis by removing the obstacles that have led to the current crisis. Learn more here ➡ https://bit.ly/3Y4sDRd
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The SEC Regulatory Agenda is broken down by (i) Proposed Rule Stage; (ii) Final Rule Stage; and (iii) Long-term Actions. The Proposed and Final Rule Stages are intended to be completed within the next 12 months and Long-term Actions are anything beyond that. The number of items to be completed in a 12-month time frame is 34, down from 43 on the Fall 2023 Agenda and a whopping 55 on the Spring 2023 Agenda. Many in the industry believe the light Agenda signifies a decision to wait until after the election to push forward new items. As I’ve written about many times, the SEC leadership and thus rulemaking tends to be partisan, changing with each new administration. This year is no different. #SecuritiesLawBlog #SEC #ALCLAW
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Unpack the concept of 'reasonable cause' and its critical role in obtaining an IRS penalty abatement. Learn how to demonstrate this clause as we explore real-life examples and scenarios. Discover more 👇 https://lnkd.in/eBaS8Eer #HopkinsCPAFirmPC #TaxShield #IRSDebt #IRSProblems #IRSpenalty #TaxShield
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IRS disputes can quickly spiral out of control. Grab our free resource to learn more about protecting your rights and confronting the IRS. https://lnkd.in/exrnwRPR - - - #weisbergkainenmark #taxlaw #taxresolution
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IRS disputes can quickly spiral out of control. Grab our free resource to learn more about protecting your rights and confronting the IRS. https://lnkd.in/exrnwRPR - - - #weisbergkainenmark #taxlaw #taxresolution
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IRS disputes can quickly spiral out of control. Grab our free resource to learn more about protecting your rights and confronting the IRS. https://lnkd.in/ett6GEMN - - - #weisbergkainenmark #taxlaw #taxresolution
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Sometimes your best defense is a strong offense… When you get audited by the IRS, usually they start with one year. Based on their initial findings, if they see there is potentially incorrect deductions or no valid documentation they will expand to other years and potentially other businesses you may own. If you know or realize you will have these issues, you can try to amend your returns before the IRS adds these years or new businesses. This can save significant penalties such as the 25% accuracy or 75% civil fraud penalty. #taxresolution
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IRS disputes can quickly spiral out of control. Grab our free resource to learn more about protecting your rights and confronting the IRS. https://lnkd.in/ett6GEMN - - - #weisbergkainenmark #taxlaw #taxresolution
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I somehow got on the mailing list of an entity called “Accountable.US” which rails against anything it doesn’t like in an ipse dixit fashion without doing any real research to ascertain whether its anger is justified. Here is the latest example: “These companies are grasping at straws in a desperate attempt to avoid regulation and accountability. It’s time they and their conservative allies in Congress give up these half-baked arguments and allow the Consumer Financial Protection Bureau to fully do its job protecting consumers and lowering costs.” ACCOUNTABLE.US LIZ ZELNICK” Things to note: 1. It accuses companies who have been sued by the CFPB of “grasping at straws” in raising a legitimate defense in court which will be resolved by judge. 2. It would verge on being malpractice for a lawyer defending a company to not raise the defense that the CFPB has been unlawfully funded by the Fed since September 2022 when the Fed started losing money when the CFPB’s enabling statute requires that the CFPB may only be funded out of “earnings.” How in world can anyone characterize this as a “half-baked argument” Rather, at least so far, the only “half-baked” arguments I have seen so far are those preferred by the CFPB’s allies who say that Congress really meant to say “revenues” and not “earnings.” 3. At least those CFPB allies have an argument. Accountable.US has no argument or reasons. IT IS TIME THAT THEY BE HELD ACCOUNTABLE! Here is their absurd news release: https://lnkd.in/evbECGwP
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