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Document(s) published by this organization: 109
Show: results per page Sort by:  | Vermont Now Allows Entry Fees for Skill-Based Contests
Loeb Loeb LLP;
Legal Alert/Article May 20, 2013, previously published on May 2013 As of April 26, 2013, sponsors of skill-based contests in Vermont can require an entry fee or other consideration for entry.
| | Private Letter Ruling Suggests That Assets Held in a Grantor Trust and Not Included in Grantor’s Estate May Nevertheless Receive a Basis Increase
Loeb Loeb LLP;
Legal Alert/Article May 20, 2013, previously published on May 2013 In PLR 201245006, the IRS addressed a question that has been puzzling tax advisors for years. A person who was not a citizen or resident of the United States created a foreign grantor trust and funded the trust with shares of non-U.S. corporations. Upon his death, the trust provided that its assets...
| | Manually Dialed Telephone Calls May Violate TCPA
Michael L. Mallow, Christine M. Reilly; Loeb & Loeb LLP;
Legal Alert/Article May 20, 2013, previously published on May 2013 The Telephone Consumer Protection Act regulates the use of auto/predictive dialers, which are used to initiate faxes, prerecorded voice messages, and SMS text messages. But a federal court in the Western District of Wisconsin has now expanded the reach of the TCPA beyond auto/predictive dialers,...
| | Taxpayer Gets a Break In Connection With Defective Appraisal of Donated Property
Loeb Loeb LLP;
Legal Alert/Article May 20, 2013, previously published on May 2013 We have reported recently on several cases that emphasize the strictness of the rules relating to charitable contributions of appreciated property. The IRS and Tax Court both have traditionally insisted on strict compliance with all of the various charitable contribution rules and procedural...
| | President’s Fiscal Year 2014 Budget Contains Numerous Tax Provisions
Loeb Loeb LLP;
Legal Alert/Article May 20, 2013, previously published on May 2013 President Barack Obama released his proposed budget for the government’s fiscal year 2014 on April 10, 2013, and, not surprisingly, the budget contains a number of revenue-raising tax provisions. It is far too early to know whether Congress will enact any of these proposed provisions.
| | FTC Votes to Keep July 1 Compliance Deadline for COPPA
Loeb Loeb LLP;
Legal Alert/Article May 20, 2013, previously published on May 2013 The Federal Trade Commission voted unanimously this week to keep the July 1, 2013, compliance date for the new COPPA Rule. Representatives from several industry groups had asked the FTC to delay the compliance date to give businesses more time to make the changes necessary to comply with the new...
| | Co-op Shareholder Permitted To Deduct Assessment for Damage Caused By a Casualty
Loeb Loeb LLP;
Legal Alert/Article May 20, 2013, previously published on May 2013 The United States Court of Appeals for the Second Circuit held that the shareholder of a cooperative housing corporation may deduct as a casualty loss her share of an assessment made to repair damage caused to the corporation's property by a casualty. In Alphonso v. Commissioner (2d Cir., February...
| | Be Careful What You Put In Your E-Mail
Loeb Loeb LLP;
Legal Alert/Article May 20, 2013, previously published on May 2013 The United States District Court for the Eastern District of New York recently held, in connection with a criminal prosecution, that information a lawyer sent to his client by e-mail was not protected by the attorney-client privilege. In United States v. Finazzo (February 2013), an estate planning...
| | New York State enacts 2013-2014 budget
Loeb Loeb LLP;
Legal Alert/Article May 20, 2013, previously published on May 2013 New York recently passed the 2013-2014 budget that is intended to close a $1.3 billion gap. While the budget contains no new taxes or fees, the budget legislation contains a few notable personal income, corporate franchise, sales tax, and other tax changes.
| | Taxpayer Successfully Exchanges His Former Residence under Section 1031
Loeb Loeb LLP;
Legal Alert/Article May 20, 2013, previously published on May 2013 In Adams v. Commissioner (Tax Court, January 10, 2013), the taxpayer owned a home in San Francisco that he occupied as his principal residence. In 1979, the taxpayer moved out of the home and rented it to a tenant. In 2003, the tenant moved out and the taxpayer sold the home through an exchange...
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