BAR REPORT - 'New Jersey Lawyer' magazine focuses on tax law
Latest issue of NJSBA's New Jersey Lawyer focuses on tax law
December 16, 2019 at 08:01 AM
2 minute read
New Jersey Lawyer, an award-winning publication of the New Jersey State Bar Association (NJSBA), looks at tax law in the December edition.
Asaad K. Siddiqi and Eric C. Cohen, this edition's special editors, oversaw an issue that features 12 informative articles covering some of the lesser-known, but still significant, aspects of the Tax Cuts and Jobs Act (TCJA) of 2017 that could have implications for individual and business clients. The edition delves into other noteworthy topics in property and estate tax, and issues related to the legalization of cannabis in New Jersey, plus tips to reduce office expenses and improve your legal writing.
In their article "Evaluating Whether to Convert from an S Corporation to a C Corporation, Post-TCJA," Peter Ulrich and Todd Kellert offer an overview of the two types of corporations and give examples of how take-home cash is affected by the business owner's choice of entity.
Rounding out the TCJA discussion are articles on its impact in the field of mergers and acquisitions and an overview of its excise tax on executive compensation for tax-exempt employers, including a review of the important exception for licensed medical professionals.
Several articles are devoted to current property tax issues in New Jersey, with a focus on the role of the property tax assessor. In "The Freeze Act Gone Wild," Kenneth Porro discusses the Freeze Act and its application when a local tax assessor and a local property owner disagree over a post-judgment property value. Atheeb Khateeb provides an interesting piece about federal tax implications resulting from the loss of a home to foreclosure.
Also in this issue are articles addressing what an effective tax plan could look like if New Jersey enacts proposed recreational marijuana legislation; common retirement accounts and some creative solutions to maximize the value of those assets for estate and long-term care planning; the importance of keeping clients' income tax returns confidential during the course of litigation; and a close look at the tax implications of the recent United State Supreme Court case of Washington State Department of Licensing v. Cougar Den, Inc.
New Jersey Lawyer is available in print and online to NJSBA members at njsba.com.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Appellate Div. Follows Fed Reasoning on Recusal for Legislator-Turned-Judge
4 minute read
Chiesa Shahinian Bolsters Corporate Practice With 5 From Newark Boutique
5 minute read
'A Mockery' of Deposition Rules: Walgreens Wins Sanctions Dispute Over Corporate Witness Allegedly Unfamiliar With Company
$113K Sanction Award to Law Firm at Stake: NJ Supreme Court Will Consider 'Unsettled Law' Frivolous Litigation Question
4 minute readTrending Stories
- 1Will Trump Be a Boost to Quinn Emanuel's Fortunes in China?
- 2Mayer Brown’s Hong Kong Split to Take Effect
- 3Simpson Thacher Launches in Luxembourg With Hires From A&O Shearman, Clifford Chance
- 4How Cybercriminals Exploit Law Firms’ Holiday Vulnerabilities
- 5Big Firms May See 'Uncomfortable Flashbacks' as Cost Pressure Grows
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
