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The American Lawyer

McCarter & English Hires 10 Former Burns & Levinson Lawyers in Boston

Seven partners, two special counsel and an associate are joining from Burns & Levinson as it prepares to wind down.
3 minute read

New York Law Journal

Deductibility of Promotional Expenses: Stock Car Racing?

A discussion of the unique Tax Court case 'James W. Avery,' where, in connection with promoting his law practice, attorney James Avery attempted to deduct expenditures he incurred as a race car driver.
7 minute read

Daily Report Online

Reality TV Star Julie Chrisley Resentenced to 7 Years in Bank Fraud, Tax-Evasion case

Before the Chrisleys became reality television stars, they and a former business partner submitted false documents to banks in the Atlanta area to obtain fraudulent loans, prosecutors said during their trial.
5 minute read

Daily Report Online

Off-Limits? Judicial Authority Takes Center Stage in Dispute Over Municipal Utility Rates

"The legislative body whose job it is to decide what the rates should be, whether they encompass profit or not, is the city council," argued appellee counsel Rebecca Woods of Seyfarth Shaw in Atlanta.
8 minute read

Daily Report Online

It's Your Money and You Need It Now: ERC Refund Anyone?

As the IRS continues its efforts to combat fraud and streamline processing, businesses that have legitimately qualified for the ERC should stay informed about developments and take appropriate actions to secure their refunds.
6 minute read

New York Law Journal

The Excessive Fines Clause Comes for the FBAR Civil Penalty

"But long before Congress adopted this penalty structure, the Eighth Amendment to the Constitution prohibited the federal government from imposing 'excessive fines,'" writes Jeremy H. Temkin.
9 minute read

New York Law Journal

Allocation of Income From Restricted Share Units

"Determining the New York taxation of nonresident employees who receive deferred compensation adds an additional level of complexity," writes David E. Kahen.
7 minute read

New Jersey Law Journal

Is Your Award Taxable? A Look at the Taxation of Judgments and Settlements

"Almost any amount received will be considered income unless there is an exception or exclusion contained with the Internal Revenue Code or case law," writes Schenck Price's Douglas Eisenberg.
9 minute read

The Legal Intelligencer

Heightened IRS Oversight: Preparing High Earners for Scrutiny

Given recent technological advancements, increased accounting complexity, and economic pressures, the threat of criminal tax fraud has become more pronounced. This presents formidable obstacles for individuals and institutions alike.
5 minute read

New Jersey Law Journal

New Jersey Bulk Sales Notification Requirement—the End of Form TTD

"The primary purpose of the Act is to give the state an opportunity to collect state taxes from an important liquidity event," write Gibbons' Peter J. Ulrich, Nicole E. Taplin and Eric B. Udowychenko.
6 minute read