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Daily Business Review

House Rolls Out $1.38B Tax Break Package for Businesses, Consumers

The House Ways & Means Committee's package includes such things as sales-tax "holidays" and cutting a commercial-lease tax that businesses have long criticized.
4 minute read

Texas Lawyer

Law Firm Feud Erupts Over Clients when Partner Joins Competition

The firm allegedly would not honor the 30-day notice period, and terminated the former partner immediately, the attorney's reply to the writ stated. The firm also instantly allegedly locked the attorney out of her computer and escorted off the premises, according to court records.
4 minute read

New York Law Journal

New York City Provides New Tax Exemption to Boost Childcare Centers

In an effort to boost childcare centers in New York City, for a limited time the city is offering a tax abatement to eligible owners.
5 minute read

The Legal Intelligencer

Budget Talk: Top Tax Takeaways From Shapiro and Kenney's Budget Proposals

Gov. Josh Shapiro announced his first budget proposal earlier this month, including a handful of tax-related provisions. Meanwhile, Mayor Jim Kenney announced his last budget proposal as mayor of the city of Philadelphia.
4 minute read

New York Law Journal

Tax Refunds for Individuals: A Closer Look

In February 2023, the IRS reported that it has issued nearly eight million refunds to individuals with respect to 2022 returns averaging $1,963, down slightly from last year's average of $2,201. Almost 87% of refunds were made through direct deposits.
7 minute read

New Jersey Law Journal

Finally, a Taxpayer Victory in an FBAR Penalty Case—But Will It Change Anything?

In a 5-4 decision in Bittner v. United States, the Supreme Court held that the $10,000 per violation non-willful FBAR penalty, contained in 31 USC § 5321, applies only to each FBAR and not to each account listed in that FBAR.
8 minute read

New York Law Journal

NYCOA Remits Foreclosure Case That Drew Amicus Brief From Conservative Group

The 6-0 New York Court of Appeals remitted the case to the Third Department, Appellate Division, in a reversal of two lower court rulings against the lender, James B. Nutter & Co.
6 minute read

New York Law Journal

US Supreme Court Gives Taxpayers an FBAR Win

On Feb. 28, the U.S. Supreme Court issued a 5-4 decision in Bittner v. United States that cut across ideological lines and, in a victory for taxpayers, limited the IRS to a single $10,000 penalty regardless of how many accounts should have been reported in a given year.
10 minute read

New York Law Journal

NY Senate's Budget Seeks Rollback of Madison Square Garden's Tax Break

The proposal to take back a tax break is the latest apparent twist in a battle with the entertainment venue's owner who has been maligned for enforcing an "adverse attorney" ban.
3 minute read

Texas Lawyer

Alston & Bird Boosts REIT Practice With 3-Partner Dentons Team in Dallas

Three Dentons partners in Dallas, led by former U.S. corporate practice chair Don Hammett, moved to Alston & Bird as partners.
2 minute read

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