LOOPHOLE
Without violating its literal interpretation, an allowed legal interpretation or practice unintentionally ambiguous due to a textual exception, omission, or technical defect, evades or frustrates the intent of a contract, law, or
Search Results for: LOOPHOLE
Filing and Paying Back Taxes
“Nothing is certain but death and taxes,” quipped Benjamin Franklin. Indeed, many people dread Tax Day even more than death since Tax Day comes every year. If you’re one of the many
Plausible Deniability Definition, Examples, & Laws
Plausible deniability is defined by the dictionary. But it’s not technically a legal term or defined in any legal documents. Which makes it a much looser term than it sounds. On top
Comparative Constitutional Law
D – 212-243 E – 274- 354 F – 365- 379, 379-384 G – 464-498, Skim 497-551 B/c of pub date of book, doesn’t include most recent US Supr Ct decision: STENBERG
Tax Benefits Of A Family Trust
Estate planning allows a family to gain increased control, management, and access to their valuable assets. A Family Trust can be used to distribute tax exemptions and liabilities for specific asset classes.
Writing a Contract Addendum
A contract addendum is an agreed-upon addition signed by all parties to the original contract. It details the specific: Terms Clauses Sections Definitions These will be changed in the original contract but
How Long Do You Have to Use Capital Gains from a Property Sale to Invest in Another Property Before Paying Tax?
If you’re like most homeowners, you might not be aware that the federal capital gains tax could apply to the sale of your home. Unlike regular income tax, capital gains tax is
If Someone Gets Hurt on My Property in New York, Can They Sue My Homeowner’s Insurance?
Homeowner's insurance covers many different problems that can arise on your property or in your home. In fact, the flexibility of this type of insurance is one of its major selling points.
Does My Auto Insurance Cover Me in a Rental Car?
Whether you're taking a vacation or using a loaner vehicle from your regular car's repair shop, you'll need to procure some form of car insurance for your rental car. Unfortunately, your auto
Can I Claim My Mortgage and My Parents’ Mortgage on My Tax Return?
As a homeowner, you're probably aware that you can deduct a healthy portion of the interest that you pay on your mortgage from your total taxable income. In order to claim this
LEGISLATIVE OVERKILL
Enacting additional necessary restrictions instead of closing or preventing loophole abuse, as intended. For example, instead of changing one law to include everyone originally intended, the legislature enacts an unnecessary law to
