Bankruptcy, Commercial Law & Contracts, Tax Law

Tax Talk -- Volume 6, No. 1 -- April 2013

by David de Ruig, Stephen Feldman, David Goett, Thomas Humphreys, Meimay Law, Anna T. Pinedo, Remmelt Reigersman | Morrison & Foerster - State + Local Tax... on 4/30/2013

In This Issue: House Ways & Means Committee Proposal Would Require Mark-to-Market for Derivatives and Modify Certain Other Tax Rules; After Months of Anticipation, Final FATCA Regulations Released; Congress Considers...more

Dechert OnPoint: NDNY Bankruptcy Court's Broad Interpretation of the Definition of "Interests" in 363 Sale

by Matthew Ginsburg | Dechert LLP on 4/12/2013

A recent decision out of the Bankruptcy Court for the Northern District of New York has brought greater certainty to the interpretation of what qualifies as an “interest” when determining the scope of a Section 363(f) “free...more

New York Bankruptcy Court Adopts Expansive View of Section 363 Free and Clear Assets Sales

by Dechert LLP on 4/8/2013

Introduction - In a recent decision, the Bankruptcy Court for the Northern District of New York broadly interpreted the meaning of “interest” in the context of determining the scope of a sale free and clear of “liens,...more

March 2013 - SALT Shaker Newsletter

by Mary Alexander, Andrew Appleby, Zachary Atkins, Madison Barnett, Todd Betor, Scott Booth, Christopher Chang, Timothy Gustafson, Sahang-Hee Hahn, Jessica Kerner, Pilar Mata, more +Kathryn Pittman, David Pope, Jack Trachtenberg | Sutherland Asbill & Brennan LLP on 4/1/2013

In this issue: - Delivered by Independent Contractors, Undelivered by P.L. 86-272: Order Fulfillment Activities Subject Out-of-State Seller to New York Corporation Franchise Tax - Everything’s Bigger in Texas,...more

Avoiding “Responsible Person” Liability For Payroll and Sales Taxes

by Chad Williams III | Saul Ewing LLP on 1/25/2013

One benefit of conducting business through a corporation, limited liability company or other limited liability entity is the “shield” from personal liability that these entities generally afford stockholders, directors and...more

IRS Levies and Wage Garnishments

by Jeff Field | Jeff Field & Associates on 12/13/2012

If you are in serious debt and fail to take action to remedy the situation, the IRS may levy your property or garnish your wages. A levy is a legal seizure of your property in order to satisfy a debt....more

Gaming Legal News - August 23, 2012 • Volume 5, Number 19

by Dickinson Wright on 8/29/2012

In This Issue: - TRIBAL CASINO BANKRUPTCIES – THE TRAIN IS LEAVING THE STATION by Dennis J. Whittlesey: There long has been a legal debate as to whether businesses owned and operated by Indian tribes could either...more

Can You Preserve Your Claims Against a Borrower After Filing a 1099-C Cancellation of Debt?

by Poyner Spruill LLP on 6/26/2012

Borrowers who file a bankruptcy petition are always looking for creative new challenges to claims asserted by their bank creditors. In recent years, debtors have argued that a bank’s issuance of an Internal Revenue Code form...more

IRS Warns That Financial Restructurings Can Jeopardize Tax-Exemption of Bonds

by Mintz Levin - Public Finance on 6/12/2012

The IRS is planning on sending out letters (“Letters”) over the next few months to several hundred issuers who have experienced covenant or payment defaults from 2007 to the present. The Letters remind issuers of their tax...more

Advantages of Chapter 11

by Pullman & Comley, LLC on 3/15/2012

Companies that are facing seemingly insurmountable financial difficulties can often turn to chapter 11 for relief. Some of the key advantages of filing chapter 11 to successfully resolve a company’s financial woes...more

April 2nd is Approaching. Are You Overassessed?

by Joel Glucksman on 3/13/2012

Today, Scarinci Hollenbeck’s Tuesday YouTube video post is of Partner Mark K. Follender, Chair of the Tax Appeal Group. In this video, Mr. Follender discusses the important question, “Are you Overassessed?” With the April...more

Celebrity Poker Games Played Out in Front of the IRS

by Sanford Millar on 7/7/2011

The recent stories about certain celebrities who won or lost large sums in Hollywood big games raised some interesting issues. In one story a trustee in bankruptcy has brought “claw back” actions against players who won very...more

Payroll Taxes and the Internal Revenue Service (IRS)

by George Bourguignon on 3/2/2011

Business owners who are behind on paying their payroll taxes may find themselves in a big mess. The IRS requires employers to withhold money from their employees’ paychecks that those employees owe or will owe the government...more

Whither MERS?

by Manatt, Phelps & Phillips, LLP on 2/21/2011

In the zeal to stall lenders’ efforts to foreclose on woefully delinquent mortgages, the plaintiff bar has put forward a variety of theories. Some of the more interesting theories involve the relationship between the...more

Debt Settlement or Bankruptcy

by Peter Grain on 1/21/2011

10 Tips for Debt Settlement...more

A Privilege, not a Right - Court of Appeal refuses to extend Privilege to Accountants and non-lawyers

by Michael Axe on 12/13/2010

Michael Axe reports on the implications of the English Court of Appeal's decision that confidential communications between clients and their accountants are not protected from disclosure by Legal Professional...more

TIA victory for owner participants in Second Circuit Delta ruling

by Katten Muchin Rosenman LLP on 7/19/2010

On June 22 2010 the US Court of Appeals for the Second Circuit handed down a decision which has important implications for the holders of tax indemnification agreement (TIA) claims arising from aircraft leveraged leasing...more

Rogers Towers: Tax Considerations in Connection with Debt Restructuring

by Rogers Towers on 4/21/2010

In this difficult economic climate many businesses are over-burdened by debt and are considering various alternatives to satisfy their debt for less than the amount initially borrowed. Some businesses are restructuring the...more

Home

Legal News

Find a Lawyer

Browse Subjects

Subscribe

Pro Services

For Reporters

Bankruptcy › Commercial Law & Contracts › Tax Law