Taxpayers had mixed success in two recent research credit cases in the United States Tax Court.
In Smith v. Commissioner, the taxpayer was an architectural firm…
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/ Commercial Law & Contracts, Science, Computers, & Technology, Taxation
Can parents legally agree to financially protect third parties from claims arising from their children’s injuries? In MK v. Auburnfly, LLC, (No. 364577, 2024 WL 5148278, Dec. 17, 2024), a published opinion, the Michigan Court of…
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/ Commercial Law & Contracts, Family Law, Personal Injury
Late in the day on December 26, 2024, the United States Court of Appeals for the Fifth Circuit reinstated a nationwide injunction staying enforcement of the Corporate Transparency Act (CTA) and its reporting rules and…
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/ Administrative Law, Civil Procedure, Constitutional Law
On December 23, 2024, in Texas Top Cop Shop, Inc. v. Merrick Garland, Civil Action No.4:24-CV-478 (5th Cir. 2024), the Fifth Circuit Court of Appeals lifted a nationwide preliminary injunction and stay of the U.S. Corporate…
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/ Administrative Law, Civil Procedure, Finance & Banking
During the 2024 U.S. presidential campaign, President-elect Donald Trump promised to impose a variety of new tariffs. President Trump may seek to immediately apply levies of up to 20% on all imports, 25% on items from Mexico and…
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/ Antitrust & Trade Regulation, International Law & Trade
A potential refund opportunity under the Michigan corporate income tax may justify taking action before year end. The issue concerns the Michigan Department of Treasury’s position that the Internal Revenue Code (“IRC”) 163(j)…
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/ Business Organizations, Taxation
On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction temporarily enjoining the Corporate Transparency Act (CTA), 31 U.S.C. §5336 and its implementing Reporting…
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/ Administrative Law, Business Organizations, Constitutional Law, Finance & Banking
During his 2024 presidential campaign, President-elect Donald Trump promised to impose a variety of new tariffs, even without congressional approval, including a 25%-75% tariff rate on Mexican imports, a 60% tariff rate on…
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/ Commercial Law & Contracts, International Law & Trade
The Gift and Estate Tax Exclusion is currently scheduled to be reduced by approximately 50% in about 13 months. Without action from Congress, on January 1, 2026, the Exclusion will go from almost $14 million to about $7 million…
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/ Taxation, Wills, Trusts, & Estate Planning
The United States Patent and Trademark Office (USPTO) has issued its Final Rule with adjusted filing fees at all stages of patent and trademark application filings through maintenance fees. The fee increases will take effect on…
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/ Administrative Law, Intellectual Property, Science, Computers, & Technology
The United States Patent and Trademark Office ("PTO") has issued its Final Rule adjusting filing fees at all stages of the trademark application and maintenance filing process. The new fees will take effect on January 18, 2025…
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/ Administrative Law, Intellectual Property
On November 15, 2024, the United States District Court for the Eastern District of Texas blocked the Department of Labor’s 2024 Rule that would have expanded entitlement to overtime wages for millions of American workers. Texas…
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/ Administrative Law, Labor & Employment Law
HB 5100 and HB 5101, as passed by the Michigan House of Representatives and Senate, and to be signed by Governor Gretchen Whitmer, provide a new income tax credit. For tax years beginning on and after January 1, 2025, Michigan…
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/ Business Organizations, Science, Computers, & Technology, Taxation
Can employers force workers to sit through a meeting where its (critical) views of unionization are presented to dissuade them from joining a union? On November 13, 2024, the National Labor Relations Board (“NLRB”) ruled that…
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/ Labor & Employment Law
The Internal Revenue Service recently announced the 2025 cost of living adjustments for the estate and gift tax exclusion amounts.
The Gift Tax Exclusion Amount is the amount an individual may gift to any number of persons…
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/ Taxation, Wills, Trusts, & Estate Planning
