Tax

Series

Pursuing Wellness: When A Firm Brings Counseling On Site

One year ago, our firm signed the American Bar Association's well-being pledge and embraced a commitment to providing on-site behavioral health resources, which has since become a key aspect of our well-being program, say Meg Meserole and Kimberly Merkel at Akin Gump.

IRS Safe Harbor Proposal Hard On Restructuring Cos.

Proposed regulations released by the IRS last week would adversely affect many companies involved in M&A transactions and restructurings by substantially restricting their ability to use net operating losses and built-in gains after an ownership change, say attorneys at Paul Weiss.

Series

Pursuing Wellness: Inside A Firm Meditation Program

After our firm signed the American Bar Association’s well-being pledge one year ago, we launched two key programs that included weekly meditation sessions and monthly on-site chair massages to help people address both the mental and physical aspects of working at a law firm, says Marci Eisenstein at Schiff Hardin.

NY Tax Minutes: City Finances, Transparency, Tribunal Rulings

In their recap of New York's recent tax highlights, Timothy Noonan and Craig Reilly of Hodgson Russ discuss the New York City financial plan through 2023, the new industrial development agency transparency requirement and three notable Tax Appeals Tribunal decisions.

Top 5 Modern Tax Challenges For Digital Health Companies

As jurisdictions around the world adapt and modernize to capture revenue that would otherwise escape taxation under frameworks put in place long before today’s technology existed, digital health companies face rising tax uncertainty, say Kathleen Gregor and Elizabeth Smith of Ropes & Gray.

Early Sampling Of Electronic Info Is Underutilized In Discovery

The early and prompt provision of samples from all electronically stored information sources as a part of ESI protocol search methodology is consistent with the Federal Rules of Civil Procedure and may allow for significant cost savings during discovery, says Zachary Caplan at Berger Montague.

Opinion

California, Follow NY's Lead And Pass An FCA Tax Bill

Legislation poised to expand California’s False Claims Act to include tax cases recently stalled, but in New York similar legislation provided whistleblowers with incentive to come forward and earned the state revenue, says Justin Wagner, a former assistant attorney general in New York's Taxpayer Protection Bureau.

To Defer Or Not To Defer: Kisor's Impact On Tax Controversies

Three recent federal tax cases show how the U.S. Supreme Court's June decision in Kisor v. Wilkie, substantially restricting agency deference, is affecting interpretation of the many regulations and guidance issued post-tax reform, say Andrew Roberson and Kevin Spencer at McDermott.

Beyond $15B: What's At Stake In The Apple Irish Tax Appeal

On Tuesday, the EU General Court will hear an appeal to a European Commission decision ordering Apple to repay €14.3 billion in taxes and interest to Ireland. This case triggers important questions of a member country’s range of discretion in granting tax incentives to nonresident companies, says Joyce Beebe of Rice University.

The Factors Courts Consider In Deposition Location Disputes

In the absence of a federal rule governing deposition location, federal courts are frequently called on to resolve objections to out-of-state deposition notices. Recent decisions reveal what information is crucial to courts in making the determination, says Kevin O’Brien at Porter Wright.

What To Consider Before Filing For A Rule 57 Speedy Hearing

Federal Rule of Civil Procedure 57 and its state counterparts provide a method for expediting claims for declaratory judgment that warrants closer attention than it has historically received from litigants and courts, say attorneys at Gibson Dunn.

Key US Tax Rules For Foreign Athletes And Entertainers

When Canadian Bianca Andreescu won the 2019 U.S. Open, she probably wasn’t thinking about how that affected her taxes, but it is increasingly critical for foreign athletes and entertainers to become educated regarding the United States’ taxation of their income, say Jason Dimopoulos and Thomas Linguanti at Morgan Lewis.

Lawyers Can Foster Compliance With Audit-Proof Expensing

Lawyers across firms and organizations can encourage a culture of compliance and minimize the risk of an audit by establishing procedures to track meal and entertainment expenses in line with the most recent federal and state tax rules, says Michael Barg at Margolin Winer.

Notable Tax Amendments From Pennsylvania’s Budget Bill

The recently passed Pennsylvania budget bill included significant changes in the areas of personal income, sales and use, and estate tax, says Jennifer Karpchuk of Chamberlain Hrdlicka.

Series

Why I Became A Lawyer: Expanding The Meaning Of Diversity

My conservative, Catholic parents never skipped a beat when accepting that I was gay, and encouraged me to follow my dreams wherever they might lead. But I did not expect they would lead to the law, until I met an inspiring college professor, says James Holmes of Clyde & Co.