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Suns Gain More Cap Relief Through Official Release of Michael Beasley post image

Suns Gain More Cap Relief Through Official Release of Michael Beasley

The Phoenix Suns will see cap relief with the official release of Michael Beasley, the 2008 No. 2 draft pick, from his contract, ending an era of spotty performance on the court, open disputes with coaches and legal issues. Following Beasley’s arrest on suspicion of marijuana possession in August, the player agreed to a buyout […]

Author: Scarinci Hollenbeck, LLC

Link to post with title - "Suns Gain More Cap Relief Through Official Release of Michael Beasley"
Could Your Old iPhone Be Worth Big Bucks? post image

Could Your Old iPhone Be Worth Big Bucks?

Apple Inc. is scheduled to introduce two new iPhone models this month. To offset the cost of a new device, the company is also introducing a highly anticipated new trade-in program. According to The Los Angeles Times, Apple will accept older generation phones that still work well and have not suffered any water damage. Depending […]

Author: Robert A. Marsico

Link to post with title - "Could Your Old iPhone Be Worth Big Bucks?"
DIA Urges Detroit to Stay Away from Art Collection post image

DIA Urges Detroit to Stay Away from Art Collection

Several creditors and pension groups have teamed up to challenge the constitutionality of the Detroit bankruptcy filing. Although the Detroit Institute of Art has opted out of the objections, it released a statement discouraging the city from including its multimillion-dollar art collection in the bankruptcy proceedings. Prior to its petition for protection under Chapter 9 […]

Author: Joel R. Glucksman

Link to post with title - "DIA Urges Detroit to Stay Away from Art Collection"
Uneasy Link Between Federal Income Tax And NJ Gross Income Tax post image

Uneasy Link Between Federal Income Tax And NJ Gross Income Tax

There is a difficult and uneasy relationship between the Federal Income Tax (FIT) and the New Jersey Gross Income Tax (NJGIT). Despite the fact that the income for FIT purposes is the starting point for NJGIT purposes, there are significant differences. One observation is that NJGIT is unfriendly when it comes to the types of […]

Author: James F. McDonough

Link to post with title - "Uneasy Link Between Federal Income Tax And NJ Gross Income Tax"
Succession Planning Is Definitely On the Mind of Microsoft's CEO post image

Succession Planning Is Definitely On the Mind of Microsoft's CEO

Do you think that Microsoft got it right in terms of their CEO Succession Planning? Steve Ballmer’s recent announcement that he was stepping down as Chief Executive Officer of Microsoft Inc. made headlines across the globe. According to his open letter to Microsoft employees, Ballmer will stay on the job for the next 12 months […]

Author: Kenneth C. Oh

Link to post with title - "Succession Planning Is Definitely On the Mind of Microsoft's CEO"
Kodak Receives Final Approval to Make Bankruptcy Emergence post image

Kodak Receives Final Approval to Make Bankruptcy Emergence

Photography pioneer Eastman Kodak Co. has experienced a rough 19 months after seeking Chapter 11 bankruptcy protection of the U.S. Bankruptcy Code. However, it appears that the company is well on its way to emerging from bankruptcy protection and entering the commercial and packaging printing market, as a bankruptcy court recently approved its reorganization plan. U.S. […]

Author: Joel R. Glucksman

Link to post with title - "Kodak Receives Final Approval to Make Bankruptcy Emergence"
Will Concussion Lawsuit Settlement Absolve NFL of Responsibilities to Players? post image

Will Concussion Lawsuit Settlement Absolve NFL of Responsibilities to Players?

In a surprising move, the National Football League and more than 4,500 former NFL players announced that they had reached a proposed $765 million settlement regarding concussion lawsuits. However, if this proposal is approved, how will it affect the NFL’s future obligations under sports law to ensure its athletes are protected and educated about potential […]

Author: Scarinci Hollenbeck, LLC

Link to post with title - "Will Concussion Lawsuit Settlement Absolve NFL of Responsibilities to Players?"
Rapper 'Fat Joe' Goes to Prison for Tax Evasion post image

Rapper 'Fat Joe' Goes to Prison for Tax Evasion

The Rapper Fat Joe, whose real name is Joseph Cartagena, has voluntarily reported to federal prison in Florida to serve a four-month sentence for tax evasion. Fat Joe, who was charged with tax law violations in New Jersey, pleaded guilty in December 2012 to failing to pay taxes on more than $1 million of income […]

Author: Scarinci Hollenbeck, LLC

Link to post with title - "Rapper 'Fat Joe' Goes to Prison for Tax Evasion"
Trustee in Maine Railroad Company Case Deals with Complex Issues post image

Trustee in Maine Railroad Company Case Deals with Complex Issues

A bankruptcy trustee has been appointed by the Office of the U.S. Trustee to manage the debtor Montreal, Maine, and Atlantic Railway in its bankruptcy case, as the railroad company becomes embroiled in a number of legal issues. The company filed for Chapter 11 bankruptcy protection, only a month after a runaway train owned by […]

Author: Joel R. Glucksman

Link to post with title - "Trustee in Maine Railroad Company Case Deals with Complex Issues"
IRS Launches New Online FATCA Recording System post image

IRS Launches New Online FATCA Recording System

The Internal Revenue Service is one step closer to strengthening an international community devoted to fighting tax evasion and sharing information about potential tax cheats. After several stops and starts, the agency announced it has unveiled a new online registration for American and foreign financial institutions that need to comply with the Foreign Account Tax […]

Author: Scarinci Hollenbeck, LLC

Link to post with title - "IRS Launches New Online FATCA Recording System"
NY Attorney General Wants to “Fire” Donald Trump from Education Industry post image

NY Attorney General Wants to “Fire” Donald Trump from Education Industry

While Donald Trump is well known for his antics on the air and in the boardroom, he may soon be spending some time inside a courtroom. New York Attorney General Eric T. Schneiderman recently announced that his office filed a $40 million fraud lawsuit against Trump and his business education venture, The Trump Entrepreneur Institute. […]

Author: Dan Brecher

Link to post with title - "NY Attorney General Wants to “Fire” Donald Trump from Education Industry"
So You Want to Start a New York Food Truck Business? post image

So You Want to Start a New York Food Truck Business?

Food trucks, a/k/a mini-restaurants on wheels, have become popular business ventures for food service entrepreneurs. However, before venturing into this line of business, one would be well advised to first carefully consider the risks, legalities and expenses unique to the mobile food industry (in addition to the ones that typically challenge all restaurants). Food trucks […]

Author: Scarinci Hollenbeck, LLC

Link to post with title - "So You Want to Start a New York Food Truck Business?"

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