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Scarinci Hollenbeck remains committed not only to providing top-tier legal services but also to regularly providing information and resources to our client base and internet following. Client Alerts provided by our attorneys supply businesses, municipalities, and more with the latest and relevant legal updates that may impact them and how they might be able to proceed.
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When Are New Jersey Employers Liable for Workplace Accidents Under New Jersey’s Workers’ Compensation Act? post image

When Are New Jersey Employers Liable for Workplace Accidents Under New Jersey’s Workers’ Compensation Act?

Under the state’s Workers’ Compensation Act, participating New Jersey employers are obligated to provide compensation to employees who are injured in accidents arising out of and in the course of employment, regardless of whether either party was negligent. Determining whether a given accident falls under the statute is often the subject of New Jersey litigation. […]

Author: Robert E. Levy

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Should College Athletes Be Prevented from Turning Pro? post image

Should College Athletes Be Prevented from Turning Pro?

Division 1 scholarship college athletes are unable to earn money while participating in amateur athletics. However, there are also rules in place that prevent players from turning professional when they so, please>. This brings up the discussion of whether or not it is fair to athletes that the NCAA prevents college athletes from turning pro […]

Author: Scarinci Hollenbeck, LLC

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Pensions Could Be Saved in Detroit Bankruptcy post image

Pensions Could Be Saved in Detroit Bankruptcy

In July 2013, the city of Detroit filed the largest case under Chapter 9 of the bankruptcy laws in the history of the United States. The case didn’t sit well with everyone. The administrators of the city’s pension funds have been steadfastly opposed to the bankruptcy, asserting that it put at risk the money of hard-working employees. […]

Author: Joel R. Glucksman

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SEC Strikes Out in the Courtroom…Again post image

SEC Strikes Out in the Courtroom…Again

The Securities and Exchange Commission’s (SEC) new “get tough” approach continues to hit roadblocks. While the agency has vowed to take more cases to trial rather than settle, the threat only works if prosecutors are largely successful in the courtroom. Following the SEC’s loss in the high-profile case against Mark Cuban, the SEC recently suffered […]

Author: Scarinci Hollenbeck, LLC

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CFCs, Disregarded Entities, Partnerships and Subpart F Income. post image

CFCs, Disregarded Entities, Partnerships and Subpart F Income.

Taxpayers adopt different structures when conducting business around. PLR 201330006 contains such an example where using various entities and the regulations avoids Subpart F inclusions. A U.S. taxpayer was a “U.S. shareholder” in a foreign company, formed in country A, treated as a corporation for U.S. tax purposes (CFC).  U.S. shareholders are required to take […]

Author: James F. McDonough

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Freedom Industries Files for Bankruptcy post image

Freedom Industries Files for Bankruptcy

For the past couple of weeks, thousands of West Virginians have been unable to use tap water because Freedom Industries spilled chemicals into the Elk River. Just a week after this incident, the company filed for protection under Chapter 11 of the United States bankruptcy law. Bankruptcy documents revealed that Freedom Industries owes $3.6 million to […]

Author: Joel R. Glucksman

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Cantor Gaming Fines Could Be Bad Sign for Sports Betting Future post image

Cantor Gaming Fines Could Be Bad Sign for Sports Betting Future

Sports betting is legal in four states – Nevada, Oregon, Delaware, and Montana – with only Nevada taking full advantage. However, some states – mainly New Jersey – have been attempting to legalize sports betting, but have been shot down. The recent judgment made against Cantor Gaming probably won’t do anything to help any further legalization […]

Author: Scarinci Hollenbeck, LLC

Link to post with title - "Cantor Gaming Fines Could Be Bad Sign for Sports Betting Future"
Is It Time to Update Your Employee Handbook? Conflicting Provisions Can Spell Doom in Litigation post image

Is It Time to Update Your Employee Handbook? Conflicting Provisions Can Spell Doom in Litigation

As highlighted in a recent federal court decision, New Jersey employers should review their employee handbooks carefully to ensure that none of the provisions conflict. One company learned this lesson the hard way when attempting to enforce an arbitration clause against a former employee alleging discrimination. While the handbook required employees to submit employment-related claims […]

Author: Donald M. Pepe

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The Top Tax Deductions for Business Owners post image

The Top Tax Deductions for Business Owners

The Internal Revenue Service may have delayed tax season, but that doesn’t mean business owners shouldn’t begin preparing. One of the most important things when filing is deductions, as these can save a company money. The Internal Revenue Service may have delayed tax season, but that doesn’t mean business owners shouldn’t begin preparing. One of […]

Author: Scarinci Hollenbeck, LLC

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Bankruptcy Hits the Catholic Church post image

Bankruptcy Hits the Catholic Church

The sex abuse scandal has had a major impact on the Catholic church, and not just in its reputation. The Catholic Diocese of Stockton, Calif., recently said it would become the 10th diocese to file for protection under Chapter 11 bankruptcy law as a result of the scandal, according to The Wall Street Journal. Bishop Stephen Blaire […]

Author: Joel R. Glucksman

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NJ Decision Highlights Telecommuting Can Pose Problems For Employers post image

NJ Decision Highlights Telecommuting Can Pose Problems For Employers

Thanks to technology, many New Jersey companies employ workers located outside of the state or even outside of the country. While telecommuting allows businesses to draw from talent pools located both near and far, it can impact their legal options should a dispute arise. In a recent decision, the Appellate Division of the New Jersey […]

Author: Joel N. Kreizman

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CCA 201336018 / Collateral Consequences for Foreign Tax Purposes post image

CCA 201336018 / Collateral Consequences for Foreign Tax Purposes

The payment of interest, other than in currency, between related corporations carries consequences for the calculation of the foreign tax credit (FTC). Chief Counsel Advice 201336018 (CCA) addresses such a situation in a U.S. consolidated group setting. The facts in the CCA are a U.S. parent corporation (P) owned all of the shares of two […]

Author: James F. McDonough

Link to post with title - "CCA 201336018 / Collateral Consequences for Foreign Tax Purposes"

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