CFPB rules that federal law preempts Tennessee's unclaimed property statute applicable to gift cards *

USA - May 6 2013
In its first preemption determination, on April 19, 2013, the Consumer Financial Protection Bureau (CFPB) ruled that Tennessee's unclaimed property…

Co-authors: Sara Elizabeth McManus, Virginia C. Love, Daniel A. Stephenson, Carl E. Hartley, Scott D. Smith.

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Spotlight on Tennessee: Chancery Court rejects costs of performance sales factor sourcing in Vodafone Americas *

USA - April 29 2013
When apportioning net earnings for franchise and excise tax purposes, Tennessee continues to source gross receipts from sales of services to the…

Co-authors: Daniel A. Stephenson, Carl E. Hartley, Scott D. Smith.

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Six proposed tax increases included in President Obama's FY 2014 budget *

USA - April 25 2013
On April 10, 2013, President Obama released the fiscal year 2014 federal budget. Among the numerous proposed budget provisions, listed below are six…

Co-authors: William H.D. Fones Jr., Richard D. Bird, Paul R. O’Rourke, Daniel A. Stephenson, Scott D. Smith.

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Say "goodbye" to your 401(k) plan as you know it? *

USA - April 24 2013
From time to time, we hear about threats to the Social Security System - even talk about eliminating it for younger workers. Some reports indicate…

Co-authors: James R. "Josh" Hall Jr., Charles E. Pierce, Paul R. O’Rourke, Christopher J. Coats, Mary Ann Jackson.

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IRS issues proposed regulations addressing community health needs assessment *

USA - April 16 2013
Earlier this month, the Internal Revenue Service (IRS) released proposed regulations addressing various requirements imposed upon charitable…

Co-authors: William H.D. Fones Jr., Philip S. McSween, Paul R. O’Rourke, Daniel A. Stephenson, Scott D. Smith.

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