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Biden's Economic Road Map Includes Benefits for Government Contractors Image

Biden's Economic Road Map Includes Benefits for Government Contractors

Lawrence L. Bell

The Biden Administration and the Democratic controlled Congress is rolling out a robust spending plan that will provide benefits and burdens for the defense and government contract community. This article provides a road map that will assist in providing permissibly selective benefits for the qualifying government contractors and employees.

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Selective Reassessment of Only Commercial Properties Violates the Uniformity Clause Image

Selective Reassessment of Only Commercial Properties Violates the Uniformity Clause

Alan Nochumson & Clementa Amazan

The Commonwealth Court of Pennsylvania recently analyzed whether the City of Philadelphia's selective reassessment in tax year 2018 of only commercial properties at current market value violated the Uniformity Clause and the Assessment Law's requirement that the City assess all properties annually at actual market value.

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Registered Nurses In a Top Hat Plan Image

Registered Nurses In a Top Hat Plan

Lawrence L. Bell

As the healthcare industry is emerging from the pandemic they are looking for ways to reward, retain and recruit a very important segment of its people — Registered Nurses. Employers are looking for ways to provide benefits in an economically efficient fashion that does not create an immediate and punitive tax on the participant.

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Biden Administration Budget 2022: Employer Sponsored Death Benefits a Forgotten Planning Tool Image

Biden Administration Budget 2022: Employer Sponsored Death Benefits a Forgotten Planning Tool

Lawrence L. Bell

Part One of a Two-Part Article While providing a current benefit for employees, an employer sponsored death benefit is an asset that may create needless taxation if not properly handled. Taking prudent steps will avoid the problems of loss of control and flexibility while minimizing income, estate, transfer and capital income taxes.

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How U.S. Tax Court Reached Its Decision on Michael Jackson's Right of Publicity Image

How U.S. Tax Court Reached Its Decision on Michael Jackson's Right of Publicity

Stan Soocher

The significance of the U.S. Tax Court decision for celebrities and their estates is clear: Prior to now, as Tax Court Judge Mark V. Holmes noted: "We haven't had a case directly addressing the taxability of the image and likeness."

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Implications of NJ BAIT for Law Firms Image

Implications of NJ BAIT for Law Firms

Edward J. Sadowski

NJ Senate Bill 3246 established the "business alternative income tax" (BAIT), an elective business tax regime for pass-through entities. Law firms are left wondering if electing to pay the BAIT is the right choice. This article summarizes how the NJ BAIT works, as well as its pros and cons.

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Floor Area Bonuses Allowed for Mixed-Used Properties Under the Philadelphia Zoning Code Image

Floor Area Bonuses Allowed for Mixed-Used Properties Under the Philadelphia Zoning Code

Alan Nochumson & Clementa Amazan

Part Two In a Series In this part of the series on "zoning" bonuses in the city of Philadelphia, we explore Floor Area Bonuses provided under the Mixed Incoming Housing, Green Building, and Underground Accessory Parking & Loading Bonuses.

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No 'Fishing' In Trump Tax Return Case Image

No 'Fishing' In Trump Tax Return Case

Steven A. Cash

"Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for a lifetime." Judge Victor Marrero, writing in a decision dismissing the President's civil suit under the Civil Rights Act, neither gives a fish, nor teaches how to fish — rather he explains what fishing is.

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Treatment of Straddle Year Federal Taxes in Bankruptcy Cases Image

Treatment of Straddle Year Federal Taxes in Bankruptcy Cases

Andrew C. Kassner & Joseph N. Argentina Jr.

When does a tax liability claim arise in a bankruptcy case? The issue was recently addressed by the U.S. District Court for the District of Delaware which ruled that federal income taxes for the year in which a debtor files for bankruptcy are entitled to priority treatment as administrative expenses when the end of the taxable year occurred after the bankruptcy petition date.

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What Happens to Surplus Funds in Tax Lien Foreclosures? Image

What Happens to Surplus Funds in Tax Lien Foreclosures?

Stewart E. Sterk

When a sale follows a municipality's foreclosure on a tax lien, who is entitled to sale proceeds that exceed the amount of the tax lien?

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