While there is no official guaranteed way to avoid having your taxes audited by IRS, there are a few tips that you can follow to lower your likelihood of being audited. In 2019, IRS audited 0.45% of submitted tax returns. For reference, that’s approximately one out of every 220 taxpayers.  Even if your tax returns are completed seamlessly, there is still a possibility of being audited. In addition to auditing returns prepared incorrectly or whose…
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Notable Events of the Week: “A nation numbed by misery and loss is confronting a number that still has the power to shock: 500,000. Roughly one year since the first known death by the coronavirus in the United States, an unfathomable toll is nearing — the loss of half a million people.” NY Times
Punitive Damages Limited by Reprehensibility of the Defendant’s Conduct See the full video at https://rumble.com/ve5ycd-a-video-explaining-the-application-of-campbell-v.-state-farm-to-punitive-da.html?mref=6zof&mrefc=2 and at https://youtu.be/gLXRBMMm1i4 In State Farm Mut. Auto. Ins. Co. v. Campbell (2003) 538 U.S. 408, the United States Supreme Court held that “‘the most important indicium of the reasonableness of a punitive damages award is the degree of reprehensibility of the defendant’s conduct.’” (Id. at p. 419.) Moreover, in Campbell, the high court noted that its “‘holdings that a…
Buyers Remorse Insufficient to Change a Settlement Agreement Claxton Street Apartments, LLC, appealed the order disbursing $81,727.19 in escrowed insurance proceeds to defendant, the City of Detroit, pursuant to a settlement agreement between plaintiff, the City, and defendant, Western World Insurance Company in Claxton Street Apartments, LLC v. Western World Insurance Company and City Of Detroit, No. 350507, State Of Michigan Court Of Appeals (February 18, 2021). Claxton was upset with the terms of a…
“When I use a word,” Humpty Dumpty said in rather a scornful tone, “it means just what I choose it to mean — neither more nor less.” “The question is,” said Alice, “whether you can make words mean so many different things.” “The question is,” said Humpty Dumpty, “which is to be master — that’s all.” Lewis Carroll, Through the Looking Glass. Disputes over the meaning of a word or phrase in an insured benefit…

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