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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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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

January 21, 2014

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

January 21, 2014

4 Tax Mistakes Often Made by Business Owners

Tax season is just around the corner, which means business owners need to begin getting prepared. While doing so, it is important that the following common missteps are avoided: 1. Filing late: Probably the easiest mistake to avoid is filing taxes late. According to Nolo, this could result in the Internal Revenue Service charging business […]

Author: Scarinci Hollenbeck, LLC

January 20, 2014

Business Owners

Do New gTLDs Pose a Threat to Your Business? Steps You Can Take Now

While companies have traditionally been limited to Internet extensions such as .com, .net or .org, the international body responsible for regulating the Internet, ICANN, is now allowing entities to operate generic top-level domains (gTLD) of their own choosing. ICANN received nearly 2,000 applications for the new domains, and projects that more than 1,000 will be […]

Author: Scarinci Hollenbeck, LLC

January 20, 2014

Financial Industry Regulatory Authority: What Are They Looking For In 2014

What Will Financial Industry Regulatory Authority 2014 Examiners Be Looking for in 2014? The Financial Industry Regulatory Authority (FINRA) recently released a letter outlining its regulatory and examination priorities for 2014. It should be considered “must read” material for all broker dealers. Susan Axelrod, Executive Vice President, Regulatory Operations, said, “The purpose of this letter is […]

Author: Dan Brecher

January 17, 2014

Fisker Automotive Bankruptcy Case Progressing

Fisker Automotive recently filed for bankruptcy, and the bankruptcy case is headed for an important hearing during the second week of January. According to USA Today, a judge will decide whether the company’s assets will be purchased by Hybrid Technologies or opened to an auction. The company, which is seeking protection under bankruptcy law, is […]

Author: Joel R. Glucksman

January 17, 2014

Fisker Automotive

State Estate Taxes More Important Than Federal

Tax laws require federal and state estate taxes, and many advisers have put their major focus focus on the federal level in the past. However, with the exemption rising to $5.25 million – unused amounts can be transferred to a surviving spouse – many people actually don’t end up paying federal estate tax, according to The Wall Street […]

Author: Scarinci Hollenbeck, LLC

January 17, 2014

What's Next for the College Athlete?

The NCAA has bylaws that restrict what a college athlete can do while in school. For one, they aren’t allowed to earn money as an amateur athlete. Not from endorsements, not for signing memorabilia and not for on-field performance, so what can an athlete do to earn income if possible? In order to remain an amateur athlete, […]

Author: Scarinci Hollenbeck, LLC

January 17, 2014

Country Music Star Eddie Montgomery Files for Bankruptcy

Eddie Montgomery shot to fame as half of the country music duo Montgomery Gentry. The pair have released six studio albums – three of which certified platinum – and had more than 20 chart singles. It appears however that Montgomery has fallen on some hard times, as the singer recently filed for individual bankruptcy. In U.S. […]

Author: Joel R. Glucksman

January 16, 2014

Taxi Costs: What To Expect When Traveling for Business or Pleasure

Taxi fares, particularly for traveling to and from the airport, are often governed by local laws. For instance, the New York City Taxi and Limousine Commission establishes set cab fares from NYC to Newark International Airport (regular metered rate of fare, plus a $17.50 surcharge and all tolls) and Manhattan to John F. Kennedy International […]

Author: Dan Brecher

January 15, 2014

Wrongful Death Cases Could Be Concern for NFL Teams

The NFL has been bogged down with lawsuits and other problems as a result of concussions caused by repeated head trauma during game action. The league recently settled a major case that awarded millions of dollars to former players who are suffering from concussion-related conditions. However, it appears as though this could be just the […]

Author: Scarinci Hollenbeck, LLC

January 15, 2014

No Benefit to Filing Tax Returns Early

The beginning of the year generally means business owners, investors and individuals begin to prepare their taxes. However, thanks to the government shutdown in October, tax season in 2014 has been delayed, according to CNN Money. Instead of accepting 2013 tax returns on Jan. 21, the Internal Revenue Service won’t begin to take them until […]

Author: James F. McDonough

January 15, 2014

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