Tax Law, Business Torts

Federal Court Of Appeal Strikes Out A Pleading Alleging That Expenses Are Non-Deductible In Light Of “Egregious And Repulsive”...

by David Spiro | Dentons on 5/13/2013

In a ruling handed down May 6, 2013, the Federal Court of Appeal ordered that portions of a Crown pleading be struck out for suggesting that a deduction may be disallowed on the basis that the conduct of the taxpayer in...more

No Happy Trails For Victorville Tax Increment Bond Financing

by Keith Paul Bishop | Allen Matkins Leck Gamble Mallory & Natsis... on 4/30/2013

For more than thirty years, I’ve driven by, but never stopped at, the Roy Rogers and Dale Evans Museum in Victorville, California. The museum eventually relocated to Missouri but reportedly did not survive for long. Despite...more

Supreme Court Dismisses Leave Application In Johnson v. The Queen

by Dentons on 3/28/2013

On March 21, 2013, the Supreme Court of Canada dismissed (with costs) the application for leave to appeal in the case of Donna M. Johnson v. Her Majesty The Queen....more

Business Law Newsletter - March 2013

by James V. Irving | Bean, Kinney & Korman, PC on 3/18/2013

In This Issue: - Business Torts in Virginia - Virginia Non-Competition Law After Home Paramount - 2013 Mileage Rates Alert - Excerpt from 2013 Mileage Rates Alert: The Internal Revenue Service has...more

Defending Section 162(m) Executive Compensation Derivative Suits in the United States

by Joni Jacobsen, David Kistenbroker, Angela Liu, Carl Volz | Dechert LLP on 2/12/2013

Decisions regarding executive compensation fall squarely within the discretion of a public company’s board of directors. Recently, however, plaintiffs’ firms have been trying to invade the board’s purview by bringing...more

Lessons from Thomas v. UBS AG (7th Cir. 2013) -- Multistate Class Actions & Applicable Law in Federal Diversity

by Pavlack Law, LLC on 2/8/2013

This week's article looks at the disastrous result of the 7th Circuit class action case Thomas v. UBS AG and the lessons in multistate class action practice that can be learned from it....more

Wealth Management Update - November 2012

by Proskauer Rose LLP on 11/16/2012

In This Issue: - November Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts - Keller v. United States, 5th Cir., No. 10-41311 (09/25/12) -...more

Miami-Dade County Joins Counties Across the US Suing Freddie Mac and Fannie Mae for Unpaid Transfer Taxes

by Rosa Eckstein Schechter on 11/2/2012

This week, Miami-Dade County sued Fannie Mae and Freddie Mac in the United States District Court for the Southern District of Florida in Case NO. 12-CV-23917, styled Ruvin v. Federal National Mortgage Ass'n et al. and Harvey...more

Advocate's Edge

by Craig Greene on 10/1/2012

McGovern & Greene's Advocate's Edge publication provides attorneys and their clients with valuable resource guides that offer information related to litigation issues....more

Fidelity Dodges New Jersey ERISA Lawsuit

by Gary Young on 9/12/2012

Fidelity Dodges New Jersey ERISA Lawsuit by Gary S. Young on September 12, 2012 Fidelity Management Co. recently obtained a dismissal of a New Jersey class-action lawsuit over the fees that it charged to divide the...more

IRS Victory In FBAR Wilfulness Penalty Case

by Charles (Chuck) Rubin on 7/24/2012

In an unpublished opinion, the Fourth Circuit Court of Appeals in U.S. v. Williams, reversed the district court’s holding that the taxpayer’s failure to file Form TD F 90-22.1 (“FBAR”) was not willful and in so holding, gave...more

Rihanna In Hot Soup With IRS, Sues Accountants

by Darrin Mish, Tampa Tax Attorney on 7/9/2012

Pop star Rihana is facing an audit from the IRS and is suing her accountants in response, blaming them for allegedly mismanaging her funds, failing to warn her about losses of some of her tours and not putting in place...more

Fiduciaries Tagged Under Federal Priority Statute

by Charles (Chuck) Rubin on 7/9/2012

Fiduciaries (trustees, executors, personal representatives) normally are not personally liable for the obligations of the trusts and estates they administer. As mentioned here previously, a major exception to this is the...more

Good News For Beneficiaries And Bad News For Fiduciaries In Regard To Transferee Liability For Estate Tax

by Charles (Chuck) Rubin on 6/4/2012

In a recent U.S. District Court case, transferee liability statutes were favorably interpreted to avoid transferee liability to trust beneficiaries. However, the fiduciaries were unable to rely on a contribution agreement...more

Retailers Operating in Illinois Must Collect Sales Tax on Shipping and Handling for Internet Orders to Illinois Residents or Face...

by Proskauer Rose LLP on 5/7/2012

Retailers with stores in the state of Illinois could face steep penalties if they fail to comply with the state’s policy on sales tax for internet sales. A number of retailers are facing lawsuits for failing to collect sales...more