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Showing 17–19 of 19 results

  • Home sale gain exclusion restrictions for second homes

    December 2012
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 558

    Abstract: Many taxpayers bought a second home, such as a vacation home, with the intention of later converting the second home into their principal residence. Under pre-2008 Housing Act law, those taxpayers could have excluded up to $250,000 ($500,000 for certain joint filers) upon a later sale of that former vacation home as long as the ownership and use tests for the exclusion were satisfied. However, the Housing Act changed the method for recognizing post-2008 gain on the sale of a principal residence formerly used as a vacation or second home. This article offers a couple of examples of how it works.

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  • Don’t let unwanted stock get the best of your store

    May / June 2012
    Newsletter: Dealer Insights

    Price: $225.00, Subscriber Price: $157.50

    Word count: 558

    Abstract: Which new cars sell quickly in a particular market depends on local customers’ demographics and various vehicles’ popularity at the moment. This article suggests a number of ways for a dealership to avoid letting slow-moving vehicles have a negative impact. They include paying attention to customer satisfaction index scores, working with dealers and customers in other locations, and using undesirable vehicles in creative ways.

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  • WARN Act doesn’t require double payment of wages

    July / August 2008
    Newsletter: Employment Law Briefing

    Price: $225.00, Subscriber Price: $157.50

    Word count: 558

    Abstract: This article discusses laid-off employees’ claims that their ex-employer owed them wages under the Worker Adjustment and Retraining Notification Act even though they had begun to work for a successor company. The Fourth Circuit rejected their claim that they had suffered an employment loss, defined as “an employment termination other than a discharge for cause, voluntary departure, or retirement,” on the day the plant shut down. WARN requires employers to provide 60 days’ notice of the date of employment loss resulting from a shutdown, not from the date of the shutdown itself. Long v. Dunlop Sports Group Americas

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