Missouri attorney Aaron Sachs discusses the recent Oklahoma court ruling in a divorce case involving Continental Resources executive Harold Hamm and his ex-wife Sue Ann Hamm. The court ruled that Hamm had to pay his ex-wife nearly $1 billion. Although she cashed his check for $975 million, she indicated that she would appeal the ruling since the court had given most of the marital estate, which she estimated to be worth $18 billion, to Harold Hamm.
House Bill 295, which was proposed by Rep. Mike Kelley, would raise speed limits on state highways from 70 to 75 MPH. Rep. Kelley maintains that the higher speed limit would improve the flow of traffic and make traveling much smoother state-wide. Attorney Aaron Sachs discusses the arguments in support of and against this proposed bill.
Attorney Aaron Sachs reviews new Missouri laws that have taken effect as of January 1, 2015. Changes in the law include an increase in the minimum wage, more affordable coverage for IV anti-cancer drugs, stricter standards on the distribution of home-brewed beer, and a longer waiting period before storage unit operators may enforce a lien and sell property left in an unpaid storage container.
In 2015, the IRS expects there will be over 150 million tax returns that they will process. Federal law requires that you file a tax return if your gross income for the year is above a threshold for your age and filing status. In some circumstances, you may not technically be required to file a return, however, you may want to file a return to qualify for a tax refund or credit. If you owe money and don't file a return, you could be facing serious consequences including fines and jail time.
