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The American Lawyer

Kirkland Adds Partner From A&O as Energy Practices Boom

Sam Kamyans, who has joined Kirkland's D.C. office, said the recent merger talks between Allen & Overy and Shearman had "no impact" on his move.
3 minute read

The Legal Intelligencer

'A Step in the Right Direction': Law Firm Leaders Find Promise in Phila. Tax Cuts

The cuts to the city's business income and receipts tax and wage tax are minor, but they suggest political leaders recognize the need to present a more business-friendly environment.
4 minute read

Law.com

State Appellate Court: Federal Law Permits States to Use Treasury Department 'Intercept Process' to Satisfy 'Covered Unemployment Compensation Debt'

"Because of the past mismanagement of Washington's Employment Security Department and the widespread confusion that was caused by new programs implemented in response to the COVID-19 financial crisis, this decision potentially effects tens of thousands of people in our state," said Weisman's attorney Timothy Ford. "It allows ESD to seize property without any kind of judicial process or court order whenever it decides that a person has been overpaid unemployment benefits—even if the overpayment was not their fault but ESD's. It does this by interpreting the words of a federal statute to mean something completely different from what the US Supreme Court has said they mean."
4 minute read

New York Law Journal

When an Expense is Considered 'Paid': 'Gage v. Commissioner'

A discussion of the recent Tax Court case, Gage v. Commissioner, which addressed (1) the year in which a payment in settlement of claims made against the taxpayers by the federal government was considered to have been made for tax purposes, and (2) whether it was reasonable for the taxpayers to believe that the payment was not a "fine or similar penalty" nondeductible under IRC section 162(f).
8 minute read

The Legal Intelligencer

Dilworth Paxson Elects First Female Co-Managing Partner

Trusts and estates partner Kristen Behrens will join litigation partner Patrick Northen, who has been in the role for the past five years.
4 minute read

New York Law Journal

New York Greatly Expands Tax Whistleblower Law

Under an amendment recently signed into law, a whistleblower may now bring a case against an individual or entity which allegedly concealed or avoided and obligation to pay tax, regardless of whether a return or any other statement was filed.
8 minute read

The Legal Intelligencer

There's Still Time for Businesses to Claim Employee Retention Credits but They Must Be Vigilant

Given the value of these credits, one would think that just about every business has considered claiming ERCs. In reality, many are still not even aware that these credits are available.
5 minute read

New Jersey Law Journal

Cannabis Business Deductions Permitted at the New Jersey State Level

Even though New Jersey has legalized the regulated sale, recreational use and possession of cannabis for adults 21 years and older by way of the Cannabis Regulatory Enforcement Assistance and Marketplace Modernization Act (CREAAMA), cannabis businesses do not receive the same tax benefits afforded to any other business in the state.
3 minute read

New York Law Journal

Roundup of 2023 Tax Changes: New Landscape for Individuals, Businesses

The following is a review of the major changes that took effect Jan. 1, 2023. They should be factored into withholding and estimated taxes for 2023.
6 minute read

Law.com

Suit Alleges Accounting Firm Falsely Induced Small Business to Apply for COVID Tax Credits to Extract Contingency Fee

This case was first surfaced by Law.com Radar.
3 minute read

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