Many high income earners believe that they cannot contribute to a Roth IRA. This is because they are unaware of the loophole they can use by contributing through the backdoor. The income limitations imposed by the Internal Revenue Service create the perceived barrier. For 2016, the income and contribution limits for a Roth IRA are as follows: Filing Status Modified Adjusted Gross Income Contribution Limit Married, Filing Jointly <$184,000 Up […]
Read MoreIn a case recently won by Linda Davis Friedland and Elizabeth Rae O’Donnell, a firefighter sued a local municipality, five former and current Trustees, and the Fire Chief, under Title VII of the Civil Rights Act of 1964 and Michigan’s Elliott-Larsen Civil Rights Act (ELCRA). Plaintiff sought $1,020,000.00 in damages and was awarded nothing. Plaintiff, who is of Asian descent and a part-time firefighter with the municipality’s fire department, submitted […]
Read MoreBoth private and public employers are subject to the Family Medical Leave Act (FMLA), which allows eligible employees to take up to 12 weeks of unpaid leave from their employment if they meet certain statutory requirements (employed for at least 12 months, and worked 1250 hours within the preceding 12 months). The FMLA defines a “covered employer” as being “any person engaged in commerce or in any industry or activity […]
Read MoreWe have all heard the probate horror stories. Someone’s last will and testament took five years to be probated, generating hundreds of thousands of dollars in attorneys’ fees. All of the assets from someone else’s estate were stolen by the personal representative (executor), leaving the family with nothing. The probate judge was unfair. Such stories instill fear about probate administration, which can lead to estate planning decisions with unintended consequences. […]
Read MoreIn the wake of the Great Recession, which, according to the Bureau of Labor Statistics, began in December 2007 and ended in June 2009, a flurry of federal legislation was enacted to provide support for consumers. The Fair Credit Reporting Act, which became effective July 21, 2010, was amended to provide for “one-call fraud alerts.” Under this amendment, if you believe you have become a victim of identity theft, you may call […]
Read MoreMany high income earners believe they cannot contribute to a Roth IRA because of the income limitations imposed by the Internal Revenue Service (IRS). There is a backdoor route high income earners can take, however, to accomplish the same thing as opening a Roth IRA directly. For 2014, the income and contribution limits for a Roth IRA are as follows: Filing Status ModifiedAdjusted Gross Income ContributionLimit Married, Filing Jointly ˂ $181,000 Up to […]
Read MoreAs a result of the recent Supreme Court ruling to uphold the constitutionality of the Patient Protection and Affordable Care Act (PPACA), there will be some tax effects for workers and recipients of investment income. Beginning in 2013, an additional 0.9% in Medicare taxes are assessed on wages in excess of $200,000 for single filers, and $250,000 for married, filing jointly, or $125,000 each when married and filing separately. Further, […]
Read MoreFirearms: Open Carry is Legal in Michigan Earlier this year Nicholas Looman walked into Aderdeen Elementary School in Grand Rapids, Michigan to vote wearing his holstered pistol on his hip. The school officials contacted the police, and Mr. Looman was arrested for bringing a firearm into a school. Later, William Forsythe, the Kent County Prosecutor, issued a statement that Mr. Looman had done nothing illegal because he possessed a valid […]
Read MoreU.S. Supreme Court Upholds the Health Care Act as a Tax and Places a Cap on the Commerce Clause The United States Supreme Court has upheld the Patient Protection and Affordable Care Act, otherwise known as “Obamacare” as a tax, but not as a permissible federal power under the Commerce Clause of the Constitution. This means the federal government may use the Commerce Clause to regulate activity that affects interstate commerce, but not inactivity, […]
Read MoreU.S. Supreme Court Rules that Pharmaceutical Representatives are Not Entitled to Receive Overtime Pay At first glance, the recent decision of the United States Supreme Court seems to be fairly obvious and straight-forward: Pharmaceutical representatives have been restored to their previous classification as “outside sales employees” under the Fair Labor Standards Act (FLSA), meaning they are exempt from the statute’s requirements regarding minimum wages and overtime pay. However, this case […]
Read MoreCMDA Law
Recent Posts
- Jim Acho Named 2024 MiLW Leader in the Law
- Richards’ Article on the Benefits and Challenges of the Ladybird Deed Featured in Urban Aging News
- Jim Acho Guests on “SportsWise” with NFL Network’s Gabe Feldman to Break Down NCAA Lawsuit
- Important Reminder: Under the CTA, a BOIR is Required to be Filed by January 1, 2025
- Jim Acho Guest At Premier For New Detroit Lions Book
Recent Comments
Archives
- November 2024
- October 2024
- September 2024
- August 2024
- July 2024
- June 2024
- May 2024
- April 2024
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- November 2021
- October 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- July 2012
- June 2012
- May 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- June 2011
- March 2011
- February 2011
- October 2010
- August 2010
- January 2010
- January 2009
- September 2008
- June 2008
- May 2008
Categories
- 50th Anniversary
- Allan C. Vander Laan
- Appeals and Litigation
- Appeals and Litigation Articles
- Barbara M. Moore
- Business Law
- Business Law Articles
- Carol A. Smith
- Christopher G. Schultz
- Community Association & Real Estate Law Practice Group
- Community Association and Real Estate Law Articles
- Community Association Law
- Daniel W. Ferris
- Douglas Curlew
- Education Law
- Education Law Articles
- Employment and Labor Law
- Employment and Labor Law Articles
- Estate Planning and Elder Law
- Estate Planning and Elder Law Articles
- Firm News
- Gary D. Klein
- Gerald C. Davis
- Gregory A. Roberts
- Gregory R. Grant
- Haider A. Kazim
- Insurance Defense
- Insurance Defense Articles
- Isa M. Kasoga
- Jacklyn P. Paletta
- James R. Acho
- James W. Taylor II
- Jeffrey R. Clark
- Joel Ashton
- John "Jay" Gillen
- John D Gwyn
- John M. McFarland
- Joshua J. Cervantes
- Kenneth M. Gonko
- Kevin J. Campbell
- Kimberly M. Coschino
- Kristen L. Rewa
- Latest News
- Law Enforcement Defense and Litigation Articles
- Law Enforcement Litigation and Defense
- Linda Davis Friedland
- Litigation
- Margaret A. Lourdes
- Matthew C. Wayne
- Matthew W. Cross
- Michael O. Cummings
- Michelle L. Richards
- Municipal Law
- Municipal Law Articles
- News & Events for Business Law
- News & Events for Municipal Law
- News Archive
- Norman E. Richards
- Owen J. Cummings
- Patrick R. Sturdy
- Plaintiff's Personal Injury
- Plaintiff’s Personal Injury Articles
- Presentations & Articles
- Published Articles
- Ray E. Richards II
- Real Estate Law
- Robert J. Hahn
- Robert L. Blamer
- Ronald G. Acho
- Ryan D. Miller
- Sarah L. Overton
- Shane R. Nolan
- Stanley I. Okoli
- Stephen C. Johnston
- Suzanne P. Bartos
- Timothy S. Ferrand
- Uncategorized
- Utility Law
- Utility Law Articles