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Compliance With Offshore Tax Program Is Painful, But Better Than the Penalty
The IRS recently gave taxpayers a final chance to disclose unreported foreign accounts and income and know what the civil penalties will be. All information must be submitted by Aug. 31. Time is short and the consequences of nondisclosure are severe.N.Y. Jets GC Tackles Widening Field of Issues
Andrew Lee is general counsel for the New York Jets, the other New York professional football team. As the business of sports has evolved, his responsibilities have grown well beyond football Sundays. Lee says there's no shortage of contractual work, whether it's sponsorship agreements, suite license agreements, naming rights or employment agreements. The Jets also have two major construction projects under way: a state-of-the-art stadium and a corporate headquarters and training facility.Judge in Snowmobile Accident Case Enhances Damages by Factor of 10
Judges are known to enhance jury awards, but rarely do they multiply a verdict tenfold the way a New Jersey judge did this week. Judge Robert Brennan increased to $1 million a $100,000 award for pain and suffering from a snowmobile accident that cost plaintiff Dennis Mohr a leg. Mohr's lawyer says that the judge found the $100,000 award to be a "jury mistake" and that $1 million was the lowest fair and reasonable amount. Brennan gave defendant Yamaha Motor Co. 20 days to accept the additur or face a retrial of damages.Edmondson v. Board of Education of the Borough of Elmer
The sending-receiving arrangement between Pittsgrove and Elmer does not exceed the statutory authority granted to the districts' boards of education.Trending Stories
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