Cannabis

By Anna Scott Farrell

Co-owners of two cannabis businesses owe $1 million in taxes because the wages they paid are rendered ineligible for a business income deduction for pass-throughs by a ban on deductions for companies that traffic in controlled substances, the full U.S. Tax Court ruled Thursday.

By Matthew Gold and Mary Kuan

A recent Texas bankruptcy court decision that a postconfirmation litigation trust has no obligations to repay a completely drawn down $2 million litigation funding agreement serves as a warning for estate administrators and funders to properly disclose the intended financing, say attorneys at Kleinberg Kaplan.

By Josh Gardner

Every year, an advisory committee receives dozens of proposals to amend the Federal Rules of Civil Procedure, most of which are never adopted — but a few pointers can help maximize the likelihood that an amendment will be adopted, says Josh Gardner at DLA Piper.

By Elizabeth Gingold Clark and Courtney Quirós

As kids head back to school, the time is ripe for lawyers who are parents to consider how they can incorporate their parenting skills to build a deep, meaningful and sustainable legal practice, say attorneys at Alston & Bird.

By Reuben Guttman, Veronica Finkelstein and Joleen Youngers​​​​​​​

Teaching trial advocacy skills to other lawyers makes us better litigators because it makes us question our default methods, connect to young attorneys with new perspectives and focus on the needs of the real people at the heart of every trial, say Reuben Guttman, Veronica Finkelstein and Joleen Youngers.

By Maria Koklanaris

A California tax agency correctly included a local business license tax in a cannabis corporation's measure of taxable sales, the state Office of Tax Appeals said.