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Document(s) published by this organization: 85
Show: results per page Sort by:  | Six Year Statute of Limitations Does Not Apply to Overstated Basis
Loeb Loeb LLP;
Legal Alert/Article May 30, 2012, previously published on May 2012 The U.S. Supreme Court recently held, in United States v. Home Concrete & Supply, LLC, that an overstatement of basis does not constitute an omission from gross income that results in application of the extended six year statute of limitations. In general, the IRS must assess a deficiency...
| | FTC's Dot Com Disclosures Workshop to Focus on Mobile Advertising and Privacy
Loeb Loeb LLP;
Legal Alert/Article May 30, 2012, previously published on May 2012 Continuing an effort that it began in May 2011, the Federal Trade Commission will host a day-long public workshop May 30, 2012, to gather information about the need to update its Dot.com Disclosure: Information About Online Advertising to keep pace with developments in the rapidly changing online...
| | ICANN Reopens TLD Application System After "Software Glitch" Required Shut Down
Loeb Loeb LLP;
Legal Alert/Article May 25, 2012, previously published on May 2012 The Internet Corporation for Assigned Names and Numbers (ICANN) met its target date of May 22, 2012, for reopening its TLD Application System (TAS), the on-line platform through which entities must file applications for new Top Level Domains (TLDs). The system will remain open for eight days and...
| | CFPB Seeks Input on Study of Mandatory Arbitration Clauses
Michael L. Mallow, Michael A. Thurman; Loeb & Loeb LLP;
Legal Alert/Article May 18, 2012, previously published on May 2012 The Consumer Financial Protection Bureau (CFPB) has launched the preliminary stage of its study into the use of mandatory arbitration clauses by issuing a Request for Information to the public asking for suggestions about how it should conduct the study.
| | Georgia Governor Signs Sweepstakes Bill, Myspace Settles Privacy Charges with FTC
Loeb Loeb LLP;
Legal Alert/Article May 10, 2012, previously published on May 2012 Georgia's governor signed Senate Bill 431, a bill intended to regulate Internet cafes by prohibiting "any promotion involving an element of chance which involves the playing of a game on a computer, mechanical device, or electronic device at a place of business in this state." As we...
| | Illinois "Amazon" Law Ruled Unconstitutional
Loeb Loeb LLP;
Legal Alert/Article May 10, 2012, previously published on May 2012 An Illinois circuit court in Performance Marketing Association, Inc. v. Hamer ruled that the Illinois "click-through" nexus statute (otherwise known as the Illinois "Amazon" law) violates the Commerce Clause of the United States Constitution because the activity described in the...
| | Georgia Legislature Passes Bill Banning Electronic Sweepstakes
Loeb Loeb LLP;
Legal Alert/Article May 2, 2012, previously published on May 2012 The Georgia legislature approved Senate Bill 431 and sent the bill to Governor Nathan Deal for his signature. The bill is intended to regulate Internet cafes - establishments where people can use computer terminals to play games and enter sweepstakes. Opponents of these establishments claim that...
| | IRS Moves Against Incomplete Gift Strategy
Loeb Loeb LLP;
Legal Alert/Article April 30, 2012, previously published on April 2012 For a long time, a popular tax-planning strategy has involved the use of an “incomplete gift.” Treas. Reg. Section 25.2511-2(b) provides that a gift may be incomplete if the donor retains any power over its disposition. In order to take advantage of this regulation, a donor would...
| | More Family Limited Partnerships in Court
Loeb Loeb LLP;
Legal Alert/Article April 30, 2012, previously published on April 2012 Several recent cases have addressed tax issues related to family limited partnerships or limited liability companies. Using these popular forms of entities, if properly structured, assets can be transferred to a partnership or limited liability company and interests in the entity can be given away...
| | $5,120,000 Lifetime Gift Tax Exemption Expiring Soon
Loeb Loeb LLP;
Legal Alert/Article April 30, 2012, previously published on April 2012 We recently circulated this article as a Special Client Alert. The resetting of the lifetime gift-tax exemption back to $1 million from $5,120,000 scheduled to take place on Jan. 1, 2013, is so important, however, that we are republishing our article to ensure that as many of our readers as...
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