Login | November 15, 2024
Akron Legal News
Business
S corporations, solo 401 (K)s and RMDS
If you own an S corporation that offers a 401(k), what are your rules when it comes to required minimum distributions (RMDs) if you are still working past age 73?
This is a question posed by a reader, who said she and her husband own 100% of an S company. "[My husband] will be 73 next year," she said. "Does he ne ... (full story)
A courtroom of relief: FBI recovers funds for victims of scammed banker
WICHITA, KANSAS (AP) — Sobs of relief broke out in a federal courtroom in Kansas recently as dozens of people whose life savings had been embezzled by a bank CEO learned that federal law enforcement had recovered their money.
"I just can't describe the weight lifted off of us," said Bart Camilli, 70, who with his ... (full story)
If you want to stretch your gift game into days this holiday, check out these advent calendars
The advent calendar phenomenon is growing every year, with so many exciting, fun, beautiful, and delicious options available. In the food and drink space alone, there is truly something for everyone. Prices range from impulse buy to extravagant. If you're looking to wow a relative or friend (or treat your own family) with 12 to 24 d ... (full story)
Local
During the American Revolution, Brits weren't just facing off against white Protestant Christians − US patriots are diverse and have been since Day 1
(THE CONVERSATION) In 1770, Barnard Gratz of Philadelphia wrote to a friend complaining about a recent speech by King George III. Gratz, an American patriot, wrote that the speech "was such narishkeit" that it was "not worth the postage."
Narishkeit is Yiddish for "nonsense."
Gratz was one of hu ... (full story)
Why Nepal had a religious monarchy − and why some people want it back
(THE CONVERSATION) Gyanendra Shah, former king of Nepal, will celebrate his 77th birthday on July 7, 2024. Twenty years ago, his birthday would have been a Nepalese national holiday. Indeed, when I first traveled to Nepal in 2001, the nation prided itself on being the "world's last Hindu kingdom." Every rupee note showed t ... (full story)
State
Ethiopia bans imports of gas-powered private vehicles, but the switch to electric is a bumpy ride
ADDIS ABABA, Ethiopia (AP) — As the price of fuel soared in Ethiopia earlier this year, Awgachew Seleshi decided to buy an electric car. That aligned with the government's new efforts to phase out gas-powered vehicles. But months later, he's questioning whether it was the right decision.
He faces a range of issues, from th ... (full story)
California sues LA suburb for temporary ban of homeless shelters
SACRAMENTO, Calif. (AP) — California filed a lawsuit against a Los Angeles suburb recently, alleging the city's recent moratorium on homeless shelters and temporary housing violates the state's fair housing and anti-discrimination laws.
The lawsuit is part of an ongoing effort by Gov. Gavin Newsom to push back against what ... (full story)