News & Events

Rachel Schwankl Selected for Fridley Housing & Redevelopment Authority

Rachel Schwankl, Real Estate Paralegal at Barna, Guzy & Steffen, was recently appointed to the Housing and Redevelopment Authority (“HRA”) in Fridley, MN. According to the City website, “In 1947, the Minnesota Legislature created the Municipal Housing and Redevelopment Act, which authorized cities to create Housing and Redevelopment Authorities (HRAs) charged with improving “substandard conditions” characterized by “dilapidation, obsolescence, overcrowding and faulty arrangement or design of buildings and improvements.” Fridley’s HRA was established in 1965 and today plays an active role in developing and redeveloping the City. HRA projects are designed to enlarge the tax base, create jobs, and create vital, attractive businesses in blighted or underdeveloped areas of the City. The HRA is empowered to carry out housing rehabilitation programs..

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Estate Planning Attorney Bobbi Hermanson-Albers Joins Barna, Guzy & Steffen, Ltd.

Barna, Guzy & Steffen LTD. announces the addition of a new associate to our firm. Bobbi Hermanson-Albers has joined the firm’s Estate Planning department. She will be working closely with estate planning attorney William H. Huefner practicing in the firm’s growing Wills/Estates & Probate/Tax Planning Law area serving existing clients and enhancing the firm’s ability to serve our community. We are happy to welcome Bobbi to BGS from her most recent position practicing in family law at a boutique law firm in Minneapolis. She has also previously worked in Minnesota’s 10th Judicial District Court (Stillwater, MN) as a Judicial Law clerk to the Honorable B. William Ekstrum. Bobbi graduated cum laude from Hamline University School of Law in 2014 ranked in the..

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What Drivers and Employers Need to Know About the New MN Hands Free Law

Before we get started, the employment law attorneys at BGS would like to thank our clients (old and new) for the massive response and positive feedback on the MN Wage Theft Law blog. We have not been able to verify rumors that the legislature decided that employers didn’t have enough to do going into the last legislative session and did their best to remedy that concern. Come to think of it, we would like to thank the legislature for making sure we never run short of business.The next big thing for drivers and Minnesota employers that came about in the last legislative session was the hands free law. The hands free law comes into effect next month (August 1) and will affect drivers and..

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IRS Expands Self-Correction of Plan Qualification Errors

In 2018, the IRS modified its program for correction of plan qualification failures to significantly increase the fees for getting approval of corrections under the Voluntary Compliance Program (“VCP”). Since that occurred, the IRS has issued expanded permissible self-correction methods under Revenue Procedure 2019-19. This new Procedure provides many new ways in which a plan sponsor may act independently to fix errors to retain the plan’s tax qualification, without IRS filings, user fees, or other involvement. The new procedure permits plans to self-correct failures in two categories that previously required VCP filings: problems with participant loans and plan amendments. 1. In regards to loan failures, the new procedure permits self-correction of loan failures if the failure relates to • A default on loan payments (if..

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When the Government Goes Out of Business

The North Suburban Hospital District, a political subdivision representing the citizens of Blaine, Fridley, Hilltop, Mounds View and Spring Lake Park, quietly and gracefully ended its long existence on April 10, 2019. The Hospital District was formed in 1960 for the primary purpose of building and initially operating Unity Hospital in Fridley. At the time it was formed and for the next 50 plus years, the Hospital District provided its citizens with a locally focused and stand-alone hospital providing a broad range of services. In meeting its obligation to the citizens of the five cities, the Hospital District contracted with service providers who operated the hospital. In recent years, the Hospital District weaned Unity from relying on tax dollars and did not levy taxes on..

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