The American Law Institute CLE’s recent Accountants’ Liability Conference featured a panel discussion on substantive defense strategies in SEC and PCAOB proceedings starring representatives from both sides of the table. The panelists went over a...
Real Estate-Driven Industries and Their Impact On Real Estate Agreements and Acquisitions
Colorado is high, having more peaks within its borders than any other state. Wyoming is wide, with the breadth of the plains between the Bighorns and the Grand Tetons. California is handsome, with a splendor of success. It takes all three...
PCAOB Senior Positions to Be Filled by Year-end, Chairman Duhnke Says
PCAOB Chairman William Duhnke expects to fill the vacant posts at the head of the regulatory board's various offices before the end of the year. "I can't give you a specific date. But our goal is by the end of the year to have all our senior...
Executive Compensation Excise Tax Guidance
Some questions about the new excise tax on nonprofit executive compensation — like how to treat employees from a company’s “predecessor” — might not make it into initial guidance. The predecessor question might not be a “first-round issue” given...
Outline of the Federal Gift Tax
In the following Federal Gift Tax Outline: Transactions subject to Gift Tax Annual Exclusions (IRC Section 2518) Gift splitting (IRC Section 2513) Disclaimers (IRC Section 2518) Marital Deduction (IRC Section 2523) Charitable Deduction [line] I....
Estate Planning for Modern Families
As the traditional nuclear family has changed because of evolving social and legal norms and scientific and technological developments, estate planners must be prepared both for issue spotting and thoughtful problem solving with regard to issues...
FMLA Credit’s Availability Depends on Local and State Laws
A new federal [FMLA] credit for paid employee leave isn’t available to employers whose states or localities mandate the benefit. Carol Weiser, acting benefits tax counsel at the Treasury Department, made that point September 25 while discussing...
The Connection Between Movement Disorders and Trauma
Much attention has been devoted to concussion and related forms of brain trauma that produce symptoms such as headaches, memory difficulties, and pain in various parts of the body. A little known but very problematic consequence of a brain injury...
Exempt Orgs Have a Way to Avoid Tax on Athletic Facilities
The new tax on athletic facilities provided by tax-exempt employers can easily be avoided through an existing deduction, according to one practitioner. “You can get around that fairly easily by making the on-site athletic facility available to all...