Kaufman and Canoles



Private Client Services Update - Important Reminder for 'Small' Charitable Organizations
Certain small charitable organizations subject to the Form 990-N filing requirement that fail to submit the form by May 15, 2010, will have their tax exempt status automatically revoked.
By David Kamer and Private Client Services

Sex[t]ual Harassment – Do Employers Need a Text Messaging Policy?
Sex[t]ing: (a portmanteau of sex and texting) is the act of sending sexually explicit messages or photos electronically, primarily between mobile phones. Sex[t]ing seems to be an ever increasing phenomenon. Whether it be between Tiger Woods and one of his mistresses or Bob and Mary in Accounting, these messages are the new frontier in both flirtation and sex[t]ual harassment.
By Scott W. Kezman

The News on Noise
Patrick H. O'Donnell was featured in the May 2010 issue of Airport Revenue News.
By Patrick H. O'Donnell

Private Client Services Update - 2010 Virginia Legislative Update
The 2010 regular session of the Virginia General Assembly resulted in several important changes to trusts and estates law, which will become effective July 1, 2010. Below are some of the more notable changes.
By William L. Holt and Private Client Services

Private Client Services Update - Virginia Adopts Uniform Power of Attorney Act
The Uniform Power of Attorney Act (“UPOAA” or “the Act”) was reenacted by the 2010 Session of the General Assembly. The 2009 legislation mandated this before it could become effective. The Act is now waiting the Governor’s signature. Once signed into law it will apply both to powers of attorney (“POA”) signed prior to and after the Act’s effective date. The UPOAA will not apply, however, (1) to powers to make arrangements for burial or disposition of remains, (2) powers created on forms prescribed by governmental agencies for a governmental purpose (the IRS form POA, for example), (3) powers coupled with an interest in the property subject to the power, or (4) powers to make health care decisions.
By Robert H. Powell III and Private Client Services

Employee Benefits Alert - Spring 2010
In This Issue:
- Obama Health Care Reform Enacted 
- April 30 EGTRRA Deadline for Employers Using Prototype Plans 
- Extension of Federal COBRA Subsidy 
- IRS Announces Correction Program for Nonqualified Deferred Compensation Plan Failures 
- Using Roth IRA Assets to Purchase a Business
By ESOPs & Employee Benefits

Credit Union Legal Update - Spring 2010
In This Issue:
- Warnings Regarding Third-Party Vendor Relationships
- Virginia Uniform Power of Attorney Act
- Making Home Affordable Programs
- Reverse Mortgage Products Face new Regulation
- Internet Social Networking and Blogging Policies
By E. Andrew Keeney