A Florida legislative panel Friday rejected millions in federal money designed to help remove patients from nursing homes and provide them with similar care in their own homes. Source/more: Associated Press/Bradenton.com (June 24, 2011) The Beliveau Law Group: Massachusetts | Florida | New Hampshire The attorneys at The Beliveau Law Group provides legal services for estate planning (wills and trusts), Medicaid (planning and applications), probate (estate and trust administration), business law (formation and operation), real estate

Despite a lawsuit from the Florida Education Association and other public worker unions, Gov. Rick Scott signed Senate Bill 2100 into law, and now all government employees must contribute three percent of their salaries to the Florida Retirement System. Scott said that the new bill will save taxpayers and employers roughly $2 billion a year. The new law will be in effect starting July 1, 2011. Source/more: WTSP News Channel 10 (June 23, 2011) The Beliveau

IRS is seeking comments on new draft Form 8938, “Statement of Specified Foreign Financial Assets,” which is available on IRS’s website. Form 8938 will be used by individuals to report an interest in one or more specified foreign financial assets under Code Sec. 6038D.

Wells Fargo has announced that it will no longer issue new reverse mortgages but will continue to service its current mortgages citing that home prices are too unpredictable. Reuters article Margaret L. Cross-Beliveau, Esq., LL.M. The Beliveau Law Group: Massachusetts | Florida | New Hampshire The attorneys at The Beliveau Law Group provides legal services for estate planning (wills and trusts), Medicaid (planning and applications), probate (estate and trust administration), business law (formation and operation), real

The Center on Budget and Policy Priorities’ report espouses the position that the estate tax rules should be let to expire after 2012. Among the reasons list are that (1) the 2009 rules were more than generous since less that one quarter of one percent of the estates incurred and an estate tax and (2) with the step-up in basis a substantial amount of income would go untaxed as there would no longer be a capital

As reported in RIA Tax Newsstand:  Employers that misclassify employees as nonemployees or independent contractors will face substantial financial penalties as the result of not withholding income tax, failing to withhold and pay employment taxes, and failing to file the correct reports and returns with the IRS, Social Security Administration (SSA), and state government agencies.   The IRS penalty for unintentionally failing to withhold federal income tax is 1.5% of the wages paid.  This assessment is

To view our most recent real estate newsletter as e-mailed to our clients, click Real Estate Newsletter May 2011 The Beliveau Law Group: Massachusetts | Florida | New Hampshire The attorneys at The Beliveau Law Group provides legal services for estate planning (wills and trusts), Medicaid (planning and applications), probate (estate and trust administration), business law (formation and operation), real estate (residential and commercial), taxation (federal and state), and civil litigation (in connection with these practice