If you lend money to a friend, expect to lose the friend and the money. And in North Carolina, if you help a friend buy a house, you could also be committing a class 3 misdemeanor.

In a previous post, John Vandenhoff briefly talked about the new Healthcare legislation which was signed into law (H.R. 4872 the Healthcare and Education Reconciliation Act of 2010 (Reconciliation Act, P.L. 101-152)) (the “Healthcare Act”) and described a couple of the major individual mandates contained within that Act.

The Patient Protection and Affordable Care Act (i.e., the Health Care Reform Law or the Health Insurance Reform Law) was passed March 23, 2010.  It included a number of tax credits to small employers to defray the costs of providing additional insurance coverage.  The Internal Revenue Service issued rules Monday regarding these tax credits.  The White House claims [...]

This article is the second of two by John Vandenhoff on the newly enacted HIRE Act.  John is a tax specialist at Sands Anderson and in this article John describes some of tax incentives as well as the rules that apply when taking advantage of the HIRE Act’s provisions.  

This article by John Vandenhoff, a tax specialist at Sands Anderson,  describes some of the incentives for businesses that hire new employees under the Hiring Incentives to Restore Employment Act of 2010 (“HIRE”).  We’ll have more on this important new law in some of our follow-on posts. 

Amazon.com, the Seattle-based online retailer, recently filed a lawsuit against the North Carolina Department of Revenue, trying to fend off the state’s request for customer names, addresses and purchases.