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HTMLHouse GOP CR would extend Ex-Im bank
McDonald Hopkins LLC;
Legal Alert/Article
September 15, 2014, previously published on September 12, 2014
House Republicans on Tuesday unveiled details of a stopgap spending bill to keep the government operating through Dec. 11. The temporary solution includes money to fight the Ebola outbreak, reauthorizes the controversial Export-Import Bank through the end of June 2015, and extends the moratorium on...

 

HTMLNew York: Investors beware! You May Be Personally Liable For Unpaid Taxes in a Business Venture
David M. Kall, Susan Millradt McGlone; McDonald Hopkins LLC;
Legal Alert/Article
September 15, 2014, previously published on September 11, 2014
When investing in a business venture, one may often hope to profit off the venture without having to play an active role in its business affairs. This line of thinking may be too good to be true. Investors must determine whether circumstances dictate that more than just a contribution of their...

 

HTMLDemocrats Unveil Legislation to Prevent Tax Inversions
McDonald Hopkins LLC;
Legal Alert/Article
September 15, 2014, previously published on September 12, 2014
This week, two of the Senate's top Democrats introduced legislation that would deter the surge in U.S. overseas inversion deals by deterring a practice known as earnings stripping. One of the main incentives driving a surge in U.S. corporations' tax-driven overseas inversion deals would be pared...

 

HTMLMultistate Taxes Hit Athletes the Hardest
David M. Kall, Susan Millradt McGlone; McDonald Hopkins LLC;
Legal Alert/Article
September 15, 2014, previously published on September 11, 2014
Taxing professional athletes presents unique issues and creates opportunities for revenue officials due to the visibility of professional sports. In Part I, we discussed taxing resident athletes, while Part II, focused on the issues surrounding taxing nonresident athletes. Taxation of the same...

 

HTMLObama doesn't act on Immigration
McDonald Hopkins LLC;
Legal Alert/Article
September 15, 2014, previously published on September 12, 2014
President Barack Obama had promised he would take executive action on immigration when Congress returned from the August recess. However, the President reversed course and announced he wouldn't take any executive action until after the November midterms.

 

HTMLMultistate Taxes Hit Athletes the Hardest
David M. Kall, Susan Millradt McGlone, Jeremy J. Schirra; McDonald Hopkins LLC;
Legal Alert/Article
September 10, 2014, previously published on September 4, 2014
Much has been said about having the home court advantage. There are many disadvantages to being the away team as an athlete, but paying the home jurisdiction's tax bill is probably not the first that comes to mind. Taxes for visiting athletes, or so called “jock taxes,” assess tax on...

 

HTMLLitigation over the ACA Continues
McDonald Hopkins LLC;
Legal Alert/Article
September 10, 2014, previously published on September 5, 2014
The future of Affordable Care Act subsidies in 36 states will be reconsidered in court—this time in a situation more favorable for the White House.

 

HTMLMcCarthy lays out September agenda for House
McDonald Hopkins LLC;
Legal Alert/Article
September 10, 2014, previously published on September 5, 2014
Newly minted House Majority Leader Kevin McCarthy (R-CA) released a memo this week outlining the House GOP’s agenda for September.

 

HTMLTexas: Appellate Court Rules against Oil and Natural Gas Company in Sales Tax Exemption Case
David M. Kall, Susan Millradt McGlone, Jeremy J. Schirra; McDonald Hopkins LLC;
Legal Alert/Article
September 10, 2014, previously published on September 4, 2014
On Aug. 21, 2014, the Multistate Tax Update addressed a Colorado case ruling in favor of a natural gas company in a sales tax exemption dispute. Here, we address a Texas case that dealt with a somewhat similar sales tax exemption statute, but held that equipment used in extracting oil and natural...

 

HTMLFormer Virginia Governor Convicted
McDonald Hopkins LLC;
Legal Alert/Article
September 10, 2014, previously published on September 5, 2014
On Thursday afternoon, a jury found former Virginia Gov. Bob McDonnell (R-VA) guilty of 11 counts of corruption, including "conspiracy to commit honest-services wire fraud." McDonnell, who was once considered a rising star and potential Romney VP selection, now faces up to 30 years in...

 


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