Monthly Archives: July 2015

Insurers Beware—Pay-For-Performance Program Used to Support Punitive Damages In Bad Faith Claim

July 20, 2015

An eleven year old girl, K.N.T., was seriously injured in an ATV accident. The drivers of the ATV were uninsured, so K.N.T.’s mother filed an uninsured motorist claim with her own insurance provider, American Family. The American Family claims manager responsible for the claim denied it, citing an exclusion contained in a generic American Family […]

Municipalities Beware—Violation of Department of Public Health Rule Relating to Pools Waives Immunity

July 17, 2015

The parents of two teenage boys that drowned at the Pella Aquatics Center in 2010 filed a claim for negligence against the City of Pella. The district court granted summary judgment for the City on all of the plaintiffs’ negligence claims with one exception, concluding that the City was entitled to immunity under Iowa Code […]

Foreign Bank Account Reporting

July 8, 2015

Do you own an interest in a foreign bank account? If so, you should make sure you are following the strict reporting requirements of the IRS and Financial Crimes Enforcement Network (FinCEN). Foreign account information must be reported to the Department of Treasury on an FBAR form by all United States persons, including citizens, residents and […]

Resources For Small Business Owners

If you own a small business, you know that it can be difficult to manage the day-to-day operations of the business while also keeping up with all of the rules and regulations employers must follow.  Fortunately, there are many resources available to assist small business owners on many topics, such as: Employees: If you intend […]

Tax Tips When Selling Your Home

If you are looking to sell your home, there are several tax rules that you should be aware of.  Generally, the IRS treats a gain or loss from the sale of your home differently than it treats a gain or loss from the sale of other property or assets.   Publication 523 from the IRS […]