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MAY 2010

The 2010 tax year offers little clarity in estate taxation, but with uncertainty come opportunities for lifetime asset transfers. With many of the "Bush tax cuts" set to expire and currently no estate tax, it is unclear what the landscape will look like at the end of the year. But with asset valuations at near historic lows, there are opportunities for transfers of equity in businesses and real property. Read more.

In this economy, it's certainly tempting to add a couple of unpaid interns to your business, especially over the summer months. Students need real-life work experience, and you need some extra hands – it sounds like a good deal for everyone.

But not so fast – Oregon has been cracking down on employers who use unpaid interns as free labor. Recent articles in the New York Times (April 2, 2010) and Oregonlive.com (April 21, 2010) have pointed out that the Oregon Bureau of Labor and Industries is taking a long, hard look at unpaid summer internships. Read more.

On April 5, 2010, the Department of Housing and Urban Development ("HUD") issued its long-awaited responses to certain questions frequently asked by those in the mortgage industry. Read more.

Off the Record is a business newsletter published periodically for the clients and friends of the law firm Jordan Ramis PC. The information contained in this newsletter is necessarily presented in summary form and should not be relied on as a substitute for direct attorney consultation.

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