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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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    Former NBA Team Owner's Estate Challenges IRS on $1.9 Billion in Estate, Gift Tax Dispute post image

    Former NBA Team Owner's Estate Challenges IRS on $1.9 Billion in Estate, Gift Tax Dispute

    The estate of the former Detroit Pistons’ owner Bill Davidson is challenging the Internal Revenue Service over what could be one of the largest and most substantial estate tax law cases heard in recent years. Representatives for the late Davidson filed a suit in the U.S. Tax Court in Washington, D.C., arguing that the IRS […]

    Author: James F. McDonough

    Link to post with title - "Former NBA Team Owner's Estate Challenges IRS on $1.9 Billion in Estate, Gift Tax Dispute"
    Doctors to Determine Whether Cheerleading is a Sport post image

    Doctors to Determine Whether Cheerleading is a Sport

    For years, the debate over whether cheerleading is considered a true sport has raged in high schools, universities, and athletic associations. As the number of injuries affecting cheerleaders continues to rise, doctors with the American Medical Association are set to determine whether cheerleading is a sport with the same parameters as recognized sports. Representatives of […]

    Author: Scarinci Hollenbeck, LLC

    Link to post with title - "Doctors to Determine Whether Cheerleading is a Sport"
    Avoiding State Income Taxation on Portfolio Assets post image

    Avoiding State Income Taxation on Portfolio Assets

    It is not difficult to construct a trust that will permit an individual to avoid income taxation on portfolio assets in the jurisdiction where he or she resides. The trust is drafted in such a way as to avoid having the grantor of the trust receiving income distributions.  The client may, at some point in […]

    Author: James F. McDonough

    Link to post with title - "Avoiding State Income Taxation on Portfolio Assets"
    Bank of America Says Countrywide Bankruptcy Remains an Option post image

    Bank of America Says Countrywide Bankruptcy Remains an Option

    Bank of America is playing hardball with its Countrywide Financial unit, and recently raised the possibility of putting Countrywide into bankruptcy only two years after reaching a landmark $8.5 billion settlement with mortgage investors. Countrywide, which struggled to stay afloat following a swarm of mortgage-related litigation after the housing market collapse, was purchased by Bank of […]

    Author: Joel R. Glucksman

    Link to post with title - "Bank of America Says Countrywide Bankruptcy Remains an Option"
    Kansas Sues Sperm Donor for Child Support post image

    Kansas Sues Sperm Donor for Child Support

    This case in Topeka Kansas has been in the news since December 2012. Mr. William Marotta provided sperm for a child conceived through artificial insemination for a lesbian couple. The State of Kansas is seeking to hold Mr. Marotta responsible for child support despite the fact that Mr. Marotta relinquished his parental rights in a […]

    Author: James F. McDonough

    Link to post with title - "Kansas Sues Sperm Donor for Child Support"
    Warner Music, Atlantic Records Facing Lawsuit Over Unpaid Internships post image

    Warner Music, Atlantic Records Facing Lawsuit Over Unpaid Internships

    Justin Henry, a former intern with Atlantic Records, filed a class-action lawsuit against the company, as well as parent company Warner Music Group, over his unpaid internship. The number of lawsuits against music, movie, and entertainment companies for work from an unpaid internship has steadily increased in recent years and may play a bigger role in […]

    Author: Scarinci Hollenbeck, LLC

    Link to post with title - "Warner Music, Atlantic Records Facing Lawsuit Over Unpaid Internships"
    IRS Seeks $100 Million from Former HP Chairman Ray Lane post image

    IRS Seeks $100 Million from Former HP Chairman Ray Lane

    Ray Lane, former chairman of Hewlett-Packard Co., and the Internal Revenue Service remain at odds over a reported $100 million tax bill which Lane plans to dispute. The businessman said he will appeal a ruling by the U.S. Tax Court which claims he owes roughly $100 million in taxes as a result of his participation […]

    Author: Scarinci Hollenbeck, LLC

    Link to post with title - "IRS Seeks $100 Million from Former HP Chairman Ray Lane"
    Why is my Property Tax Appeal taking so long? post image

    Why is my Property Tax Appeal taking so long?

    Many commercial property owners are turning to their attorneys to prosecute the filing of a tax appeal in order to cut costs.  By and large, these appeals are conducted on a contingent fee basis.  That is to say the attorney will not earn a fee except as a percentage of savings actually achieved upon resolution […]

    Author: Scarinci Hollenbeck, LLC

    Link to post with title - "Why is my Property Tax Appeal taking so long?"
    Is Cross-Border Swaps Regulation at a Standstill? post image

    Is Cross-Border Swaps Regulation at a Standstill?

    The Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have both proposed rules to govern cross-border security-based swap activities, as mandated under Title VII of the Dodd-Frank Act. However, implementation is unlikely any time soon. Security-based swaps, a popular derivative, pose problems for regulators because the market involves counterparties located in different […]

    Author: Kenneth C. Oh

    Link to post with title - "Is Cross-Border Swaps Regulation at a Standstill?"
    IRS to Hammer Down on Bitcoins, a Virtual Currency post image

    IRS to Hammer Down on Bitcoins, a Virtual Currency

    The Internal Revenue Service is increasing its focus on tax law compliance, as evidenced by the recent crackdown on offshore tax evasion and international financial-account sharing agreements with popular tax havens. However, the IRS is zeroing in on a new potential gateway for tax evasion that may affect taxpayers of all income levels: virtual currency. […]

    Author: Scarinci Hollenbeck, LLC

    Link to post with title - "IRS to Hammer Down on Bitcoins, a Virtual Currency"
    Exide Technologies Officially Files for Bankruptcy Law Protection post image

    Exide Technologies Officially Files for Bankruptcy Law Protection

    After weeks of speculation, battery manufacturer Exide Technologies has officially sought bankruptcy law protection under Chapter 11 of the U.S. Bankruptcy Code. Despite its recent attempts to cut costs, the company has been unable to strengthen its finances in light of rising costs for materials and the state’s shutdown of one of its key facilities in Vernon, […]

    Author: Joel R. Glucksman

    Link to post with title - "Exide Technologies Officially Files for Bankruptcy Law Protection"
    Will NCAA Likeness Lawsuit Change College Sports? post image

    Will NCAA Likeness Lawsuit Change College Sports?

    Former UCLA basketball player Ed O’Bannon is going after the National Collegiate Athletic Association and several companies that license college sports merchandise and video games in a likeness lawsuit for using players’ likenesses without permission or compensation. O’Bannon and other athletes named in the suit argue that it’s unfair for them to sign away the rights to […]

    Author: Scarinci Hollenbeck, LLC

    Link to post with title - "Will NCAA Likeness Lawsuit Change College Sports?"

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