JURIST – New York governor signs bill legalizing medical marijuana

 

[JURIST] New York Governor Andrew Cuomo[official website] on Monday signed [press release] the Compassionate Care Act [text] into law, making New York the twenty-third state to legalize medical marijuana. The bill legalizes the possession, manufacture, use, delivery, transport or administration of medical marijuana by a designated caregiver for a certified medical use. It allows medical professionals to prescribe marijuana to patients with debilitating or life-threatening conditions such as terminal illness, severe chronic pain, nausea and other illnesses or as the commissioner deems appropriate. The legislation also requires patients to obtain a registry identification card, valid for a year, unless the patient is terminally ill, in which case the registration remains in effect until death. The bill also imposes an excise tax on the marijuana, which is only to be administered in ingestible or sublingual (dissolvable) form.

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Notice of Public Hearing: Special Education : P-12 : NYSED

 

 

United States Department of Education
Notice of Public Hearing 
July 16, 2014
1:00 pm-3:00 pm and 6:00 pm – 8:00 pm
New York State Education Department
Office of Professional Discipline
1411 Broadway 
Regents Room 10th Floor
New York, New York

On Wednesday, July 16, 2014, the United States Department of Education (the Department) will conduct public hearings, pursuant to section 457 of the General Education Provisions Act (GEPA), 20 U.S.C. § 1234f to determine whether it should enter into a Compliance Agreement with the New York State Education Department (NYSED).  Written public comments on this issue will also be accepted through July 26, 2014.  NYSED has requested that the Department allow NYSED to enter into a Compliance Agreement to resolve its noncompliance with a specific requirement under Part B of the Individuals with Disabilities Education Act (IDEA).  Since April 2012, NYSED has not been in compliance with the IDEA Part B requirement to issue within thirty (30) days, unless a party requests and is granted a specific extension, the State-level independent decision in an appeal of an impartial due process hearing officer’s decision.  (20 U.S.C. § 1415(g); 34 CFR §§ 300.514(b) and 300.515(b)).  NYSED has stated that it is not able to correct this noncompliance within one year due to the significant and unanticipated increase in the number of appeals of due process hearing decisions under Part B of the IDEA.

 

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You must have a photo ID and should arrive early to process through security.  To facilitate security processing, all individuals planning to attend must notify the Department by July 7, 2014 so that a list of attendees can be provided to Building Security.  In addition, please indicate if you plan to give testimony.  Participation notification and requests for reasonable accommodations should be submitted to: Jocelyn Logan-Friend with the Department at OSEPnysedhearinginfo@ed.gov by July 7, 2014. 

 

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n consideration of information provided through this public comment process, the Department will determine whether it is feasible for NYSED to reach compliance within one year and, based on that determination, will issue Written Findings and a Decision to that effect, which will be published in the Federal Register along with the substance of any Compliance Agreement. 

To obtain a copy of this notice, please contact Jocelyn Logan-Friend atOSEPnysedhearinginfo@ed.gov

You may also click here.

 

 

New 1023-EZ Form Makes Applying for 501(c)(3) Tax-Exempt Status Easier; Most Charities Qualify

The Internal Revenue Service this week introduced a new, shorter application form to help small charities apply for 501(c)(3) tax-exempt status more easily.

The new Form 1023-EZ, available today on IRS.gov, is three pages long, compared with the standard 26-page Form 1023. Most small organizations, including as many as 70 percent of all applicants, qualify to use the new streamlined form. Most organizations with gross receipts of $50,000 or less and assets of $250,000 or less are eligible.

 

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The new EZ form must be filed online. The instructions include an eligibility checklist that organizations must complete before filing the form.

The Form 1023-EZ must be filed using pay.gov, and a $400 user fee is due at the time the form is submitted. Further details on the new Form 1023-EZ application process can be found in Revenue Procedure 2014-40, posted today on IRS.gov.

 

 

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U.S. Citizens and Resident Aliens Abroad

 

June 16 Deadline Nears for Taxpayers Living Abroad

Taxpayers abroad qualifying for an automatic two-month extension must file their 2013 federal income tax returns by Monday, June 16.

This deadline applies to U.S. citizens and resident aliens living overseas, or serving in the military outside the U.S. on the regular April 15 due date.

Eligible taxpayers get one additional day because the normal June 15 extended due date falls on Sunday this year.

To use the two-month extension, a taxpayer must attach a statement to his or her tax return explaining which of these two situations applies.

See U.S. Citizens and Resident Aliens Abroad for more information.

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FATCA Foreign Financial Institution (FFI) List Search and Download Tool is Now Available

 

FATCA Foreign Financial Institution (FFI) List Search and Download Tool

The FFI List Search and Download Tool located on the FATCA Website is now available.  

Use the Search and Download Tool to find out if a Foreign Financial Institution (FFI) has registered.

Download an entire list of Financial Institutions or search for a specific Financial Institution.

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Mortgage Debt Forgiveness – YouTube

 

YouTube: Mortgage Debt Forgiveness

Taxpayers may not need to report forgiven mortgage debt as income on their tax returns. Get more information by watching this new YouTube video.

Watch this and other videos on the IRS YouTube Channel.

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Bankruptcy Court Miscellaneous Fee Schedule Update

 

New Bankruptcy Fees to Take Effect June 1

Several bankruptcy fees will increase on June 1, under amendments to the Bankruptcy Court Miscellaneous Fee Schedule that were approved in March by the Judicial Conference of the United States. The scheduled changes include:

  • A $57 increase to the adversary filing fee in bankruptcy proceedings, from $293 to $350. The new fee will be equivalent to civil filing fees in federal district courts.
  • A new, differentiated administrative fee structure will be assessed at filing in every bankruptcy case. Currently $46 in all cases, the administrative fee will be $75 for cases filed under Chapters 7, 12 and 13, and $550 for cases filed under Chapters 9, 11 and 15.

The Judicial Conference also approved separate administrative fees when married couples divide a bankruptcy filing into two cases, often because a divorce or separation occurs while a case is being adjudicated.

The schedule for the new rate structure, effective June 1, is available here. The existing schedule, valid through May 31, is available here.

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Title Insurance Agent Licensing–NYSTA

 

New York had been one of three states that did not license or register title insurance agents. The NYSLTA has advocated for agent licensing for many years. In that time, we have drafted several pieces of legislation and lobbied both the legislature and the former Insurance Department.

The Administration Title Agent Licensing Bill of 2014
On January 21, 2014, Governor Andrew Cuomo presented his budget. The budget bill included a change to the Insurance Law to license title insurance agents.

This bill – designated S6357-D Part V / A8557-D Part V – was passed by the Legislature and signed into law by Governor Cuomo on April 1, 2014.

Click here to download S6357-D Part V/A8557-D Part V

Click here to download the NYSLTA Memorandum in Support of S6357-D Part V/A8557-D Part V

Click here to download the NYSLTA News Release on Title Agent Licensing

 

 

CFPB Finds Private Student Loan Borrowers Face “Auto-Default” When Co-Signer Dies or Goes Bankrupt > Blog > Consumer Financial Protection Bureau

 

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the CFPB issued a consumer advisory to borrowers about how to release their co-signers from their loans. Many lenders advertise that a co-signer may be released from a private student loan after a certain number of consecutive, timely payments and a credit check to determine if the borrower is eligible to repay the loan on their own. But most student loan servicers do not tell consumers when they are eligible to release their co-signer, so consumers need to ask directly for information on how to do this.

To help borrowers release their co-signers, the CFPB has put together instructions that consumers can edit and send to their student loan servicer. They can download sample letters to send by mail, or they can just cut and paste the text when they log into their account on the servicer’s website. Sample letters include those from the student who may want to release their co-signer, and those from the co-signer who may want to be released.

The advisory can be found at:
http://www.consumerfinance.gov/blog/consumer-advisory-co-signers-can-cause-surprise-defaults-on-your-private-student-loans/

The sample letter on how a borrower can release a co-signer is at:
http://files.consumerfinance.gov/f/201404_cfpb_inquiry-letter_how-to-release-cosigner.doc

The sample letter on how to be released as a co-signer is at:
http://files.consumerfinance.gov/f/201404_cfpb_inquiry-letter_how-to-be-released-as-cosigner.doc

The Dodd-Frank Wall Street Reform and Consumer Protection Act established an ombudsman for student loans within the CFPB to assist borrowers with student loan complaints. The ombudsman is submitting today’s midyear report to the Director of the CFPB, the Secretary of the Treasury, the Secretary of Education, and Congress.

The CFPB began accepting consumer complaints about private student loans in March 2012.

More information is at: consumerfinance.gov/students.

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Read entire CFPB Report Here.

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Understanding the Individual Shared Responsibility Provision–IRS

 

More information is now available on IRS.gov to help you better understand the Individual Shared Responsibility Provision of the Affordable Care Act. Check the minimum essential coverage chart,exemption chart and basic examples of the payment calculation to learn more about this provision.

Our clients will report minimum essential coverage, report exemptions, or make any individual shared responsibility payment when they file their 2014 federal income tax return in 2015.

For the latest information about ACA tax provisions, visit IRS.gov/aca and HealthCare.gov for information about health insurance coverage and financial assistance.

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