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Results: 1-10 of 73

Shareholder of S corporation required to include income even though shut out from management

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • April 12 2014

The recent case of Kumar v. Commissioner (August 2013) highlights a very important consideration for anyone who becomes a minority shareholder of an

Tax Court clarifies cause definition in Section 83 regulations

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • April 12 2014

In Austin v. Commissioner, the taxpayers formed an S corporation into which they transferred their ownership interests in certain entities in

Court hears oral argument in New Jersey partnership nexus case: tough questions for Division of Taxation

  • Reed Smith LLP
  • -
  • USA
  • -
  • March 7 2014

Earlier this week, a New Jersey appellate court heard oral argument in BIS LP, Inc. v. Director, Div. of Taxation, which is the lead case addressing

Foreign national's complaint about foreign law violations not "protected speech" under Sarbanes-Oxley

  • Hinshaw & Culbertson
  • -
  • USA
  • -
  • March 3 2014

The general manager of the Columbian subsidiary of a Dutch publicly traded parent company reported alleged Columbian tax law violations by the

A summary of major developments in key areas - General Counsel update September 2013

  • Herbert Smith Freehills LLP
  • -
  • Australia, Hong Kong, United Kingdom, USA
  • -
  • September 19 2013

The Large and Medium-sized Companies and Groups (Accounts and Reports) (Amendment) Regulations 2013 and changes to the Companies Act 2006 made by the

Washingtonsale of LLC controlling interest subject to real estate excise tax

  • Bradley Arant Boult Cummings LLP
  • -
  • USA
  • -
  • June 18 2013

The Wisconsin Court of Appeals affirmed the Department of Revenue's denial of the taxpayers' request for refund of real estate excise tax ("REET"

Arizona members not entitled to deduct payment of LLC’s expenses

  • Bradley Arant Boult Cummings LLP
  • -
  • USA
  • -
  • June 18 2013

The taxpayers, members of an LLC, filed their Arizona resident individual income tax return for tax year 2006 claiming Schedule C expenses they paid

Mainevehicle transferred from majority owner to LLC exempt from salesuse tax

  • Bradley Arant Boult Cummings LLP
  • -
  • USA
  • -
  • June 18 2013

The Maine Superior Court held that the transfer of a motor vehicle from a majority owner of an LLC to the LLC was exempt from use tax. Me. Rev. Stat

ALJ agrees with taxpayer’s investment income” treatment of dividends

  • Morrison & Foerster LLP
  • -
  • USA
  • -
  • June 3 2013

A New York State Administrative Law Judge has found that dividends earned by the parent of companies engaged in the insurance agency business

US Senate passes Marketplace Fairness Act

  • Dentons
  • -
  • USA
  • -
  • May 7 2013

On May 6, 2013, as anticipated when the Senate recessed last week, the US Senate passed the Marketplace Fairness Act of 2013 (S. 743). The bill's