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Taking Off an Old Boot
Taking Off an Old Boot By Business & Taxation Practice Group SAALFELD GRIGGS PC Every taxpayer's goal is to defer taxes as long as he or she can. Like-kind exchanges under Section 1031 of the Internal Revenue Code are one way to accomplish this. When a taxpayer owns...
Ninth Circuit Bankruptcy Appellate Panel Highlights Importance of Lender Due Diligence
The 9th Circuit Bankruptcy Appellate Panel (BAP) recently issued an opinion in which it emphasized the importance for lenders to complete the due diligence process on loan guarantors. In Kelly v. Merrill (In re Merrill), the BAP affirmed a bankruptcy court ruling that...
HIPAA Data Breach Results in $4.8 Million Settlements
The U.S. Department of Health and Human Services has announced the largest fine to date related to a HIPAA data breach. The fine, totaling $4.8 million, was levied against two entities as part of two affiliated entities that had shared patient information. The breach...
Oregon Ciders Preparing for Solid Growth
The growth of the cider market continues to be recognized in the press, this time with a good article by Harry Esteve at Oregonlive.com: Cider takes off as Oregon’s latest boutique alcohol trend Caleb Williams, one of our attorneys who represents cideries, was...
Oregon Court of Appeals Affirms Creditor’s Right to Elect Remedy
The Oregon Court of Appeals recently affirmed that a secured creditor can choose their remedy, such as a forbearance agreement, without waiving their right to priority in the borrower’s collateral. In Davis v. F.W. Financial Services, a lender extended credit to an...
Oregon Court of Appeals Affirms Mistake Exception in Real Estate Contract Disputes
The Oregon Court of Appeals recently affirmed that when there is a mistake in a deed transferring real property from one party to another, the contract between the two parties, and not the deed, should be used to determine what is actually transferred. In Frontgate...
Who’s Yo Beneficiary? No, Really.
The Surprising Importance of Proper Beneficiary Designations By Jeff Moore Most of us have some form of a "beneficiary-designation asset," such as a life insurance policy, an Individual Retirement Account (IRA), a 401(k) or other retirement account, an annuity...
HHS Releases Security Risk Assessment Tool
Today, the U.S. Department of Health and Human Services (HHS) released a new security risk assessment (SRA) tool to help health care providers in small to medium sized offices conduct HIPAA Security Rule risk assessments. Conducting a security risk assessment is a key...
IRS Announces New 60-Day IRA Rollover Rules
The IRS will soon be changing the rules that regulate how often you can take tax-free rollovers out of your IRA. Tax-free rollovers are distributions from an IRA that are payable to the account owner, but which are re-deposited into the IRA (or into another IRA)...
SHRMA 2014 Legislative Report
SHRMA 2014 Legislative Report CLICK HERE TO VIEW THE REPORT