Oberman Law Firm

IRS Announces the Start of Tax Filing Season

The IRS announced the 2022 tax filing season commences on Monday, January 24, 2022 when the agency begins to accept

Gift, Estate and GST Tax Exclusion and Exemption Amounts: The Numbers Go Up!

For the first time in several years, the annual gift tax exclusion amount will increase from $15,000 to $16,000 per

Employee Retention Credit to be Repaid Using Form 941

The Infrastructure Investment and Jobs Act (IIJA) signed into law in November of 2021 retroactively ended the Employee Retention Credit

Updated Form 5500 Series With Instructions Released

The DOL, IRS and PBGC have released informational copies of the 2021 Form 5500 series, including schedules and instructions. The

Expenses Paid With PPP Loan Proceeds Reduce Other Adjustments Account

Although a little late, the IRS issued guidance through updated instructions to the draft 2021 S Return which provides that

Are Employees Taxed on Their Personal Use of Frequent Flyer Miles Earned by Business Travel?

Many employers allow their employees to make personal use of frequent flyer miles earned on business travel. This can be

Using an LLC for Estate Planning

A limited liability company (LLC) is a well-established hybrid legal entity that may be beneficial for business owners, and also a

Can Employers Require Exempt Employees to work a specific schedule?

Employers can require exempt employees to work a specific schedule. However, employers must remain in compliance with the FLSA. In

Mississippi Issues Minimum Standards of Operation for the Practice of Telemedicine

The Mississippi State Department of Health has issued “Minimum Standards of Operation Relative to the Practice of Telemedicine,” which are

A New Theory of Liability Under the Anti-Kickback Statute: “File Access Theory”

In June, the U.S. District Court for the Northern District of Illinois held that a medical management company (MPI) violated