An earnout is a delayed payment whereby the buyer and seller agree to a contingent payment based upon future performance criteria.
In Rev. Proc 2015-30, released earlier this month, the service adjusted deductions for annual Health Savings Accounts (HSA) for 2016. “For calendar year 2016, a “high deductible health plan” is defined under § 223(c)(2)(A) as a health plan with an annual deductible that is not less than $1,300 for self-only coverage or $2,600 for family… Read more »
Last weekend my wife and I toured a showcase of homes. I was struck by the approach of a realtor. His discovery was to ask if we were considering a different home and whether we were “represented”. He immediately jumped to offering to represent us – read “Lock us in so he gets a commission.”… Read more »