Home > Loeb & Loeb LLP > Legal Library

Legal Articles: Loeb & Loeb LLP

 







Document(s) published by this organization: 99


View Page: 1  2  3  4  5  6  7  8  9  10  Next  
Show: results per page
Sort by:

HTMLIRS Chief Counsel Advice: S Corporation’s “Accumulated Adjustments Account” Does Not Survive Termination and Subsequent Re-Election of Subchapter S Status
Thomas N. Lawson, Alan J. Tarr; Loeb & Loeb LLP;
Legal Alert/Article
January 29, 2015, previously published on December 2014
The shareholders of a corporation that has elected to be treated as an S corporation are taxed each year on the corporation’s taxable income. In general, the corporation itself does not pay income taxes. A shareholder who pays tax on an amount of income but does not receive a distribution...

 

HTMLTax Planning Strategies to Consider Before the End of the Year
Thomas N. Lawson, Alan J. Tarr; Loeb & Loeb LLP;
Legal Alert/Article
January 29, 2015, previously published on December 2014
Taxpayers should consider a variety of tax planning steps before the end of the year, including evaluating whether to make any $14,000 annual exclusion gifts. The exclusion applies to both gift tax and generation-skipping transfer tax, making it particularly valuable for gifts to grandchildren....

 

HTMLCase Update: The Sale of Stock Triggers Both Capital Gain and Ordinary Income
Thomas N. Lawson, Alan J. Tarr; Loeb & Loeb LLP;
Legal Alert/Article
January 29, 2015, previously published on December 2014
In Brinkley (TC Memo 2014-227), an October 2014 U.S. Tax Court case, the taxpayer was the founder of a company called Zave Networks (Zave). He originally held 9.8 percent of the company’s stock but this was diluted over time by various rounds of venture capital funding. On multiple occasions,...

 

HTMLAnother Tax Court Reversal Before the Ninth Circuit
Thomas N. Lawson, Alan J. Tarr; Loeb & Loeb LLP;
Legal Alert/Article
January 29, 2015, previously published on December 2014
The Tax Court did not have a good quarter in the United States Court of Appeals. Estate of Natale B. Giustina v. Commissioner (9th Cir., December 1, 2014) represents another reversal of the Tax Court, this time by the Ninth Circuit Court of Appeals. As in the Elkins case, the Ninth Circuit reversed...

 

HTMLCase Update: Taxpayer’s Deduction for Interest Capitalized in Loan Restructuring is Disallowed
Thomas N. Lawson, Alan J. Tarr; Loeb & Loeb LLP;
Legal Alert/Article
January 29, 2015, previously published on December 2014
In Copeland (TC Memo 2014-226), an October 2014 U.S. Tax Court case, the taxpayer fell behind on his residential mortgage loan and negotiated a loan restructuring with his mortgage lender. In connection with the restructuring, the lender increased the loan’s principal balance in an amount...

 

HTMLHouse of Representatives and Senate Pass a One-Year Tax “Extenders” Bill
Thomas N. Lawson, Alan J. Tarr; Loeb & Loeb LLP;
Legal Alert/Article
January 29, 2015, previously published on December 2014
A variety of beneficial tax provisions expired at the end of 2013. There has been hope that this Congress would retroactively reinstate some or all of those provisions for 2014 and later years.

 

HTMLPrivate Letter Ruling Update: IRA is Permitted to Purchase Shares in a Gold Trust Without the Purchase Being Treated as a Deemed Distribution
Thomas N. Lawson, Alan J. Tarr; Loeb & Loeb LLP;
Legal Alert/Article
January 29, 2015, previously published on December 2014
Items of personal property that are treated as a “collectible” under the Code are subject to certain tax-related ownership restrictions. Additionally, a 28 percent tax rate applies to any gain resulting from the disposition of collectibles, rather than the 20 percent rate that applies...

 

HTMLFDA Replaces Pregnancy Labeling System with a New Standard in a Bid to Provide More Clarity
Scott S. Liebman; Loeb Loeb LLP;
Legal Alert/Article
January 29, 2015, previously published on December 2014
The regulator is discarding its decades-old system to explain the risks of prescription drugs to women who are pregnant or breast-feeding, in favor of a more-detailed explanation of potential risks and benefits.

 

HTMLStryker to Undertake Compliance Efforts as Part of the DOJ Settlement over Otismed’s Unapproved Marketing of Devices before the Company Was Acquired
Scott S. Liebman; Loeb Loeb LLP;
Legal Alert/Article
January 29, 2015, previously published on December 2014
As OtisMed pleads guilty to selling unapproved devices, current parent company Stryker must pay $80 million and carry out compliance efforts for violations that occurred prior to Stryker's acquisition of OtisMed.

 

HTMLCase Update: Court Finds that Taxpayer Who Sold a Contract Right to Purchase Land Realized Capital Gain Income
Thomas N. Lawson, Alan J. Tarr; Loeb & Loeb LLP;
Legal Alert/Article
January 29, 2015, previously published on December 2014
Only a taxpayer selling a “capital asset” may realize capital gain income on the sale of property and benefit from the lower tax rate that applies to this income. Also, the taxpayer must have held the capital asset for more than one year. Only property or a property right can be treated...

 


View Page: 1  2  3  4  5  6  7  8  9  10  Next