A well-reasoned 2021 court decision handed down by the federal court in Newark demonstrates a sales rep’s broad eligibility to recover unpaid sales commissions.
The Latest in the Ongoing Saga Between BI-QEM and its Rep Company
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Insights
Minimizing Taxes When Purchasing and Selling Sales Organizations
Like other businesses, sales representative organizations are purchased and sold for a variety of reasons. What distinguishes sales representative organizations in the purchase and sale context is that the owners generally do not sell their businesses to unrelated third parties.
Post-Mortem IRA Withdrawal Strategies
Question:       I am the beneficiary of my uncle’s IRA who died at age 65. What is the best way for me to withdraw money from the account?
Tax Savings on Business Contract Sales
Question:       My wife and I hold contracts to provide property management services to real estate owners. Are we entitled to capital gain treatment if we sell these contracts or do we need to form a limited liability company to do so?
Reducing Estate Tax with Spousal Portability
Question: Should I file a Federal estate tax return for my wife’s estate even though the value of her assets is less than the estate tax exemption?
Classification of Manufacturer’s Representatives as Employees or Independent Contractors
The determination is significant because different tax treatment results from the classification of the representatives.
Passing Vacation Homes to Family Members
Question:       I have a vacation home that I want to leave to my three children but I am not sure how to do so. Do you have any suggestions?
Passing Assets to Non-Citizen Spouses in Tax Effective Manner
Question: My spouse is not a U.S. citizen. Can I leave assets to her upon my death without incurring estate tax?
Understanding Cryptocurrency Tax Rules
Question: I deal in cryptocurrency through my business. Customers sometimes pay me in Bitcoin and I sometimes use Bitcoin to pay suppliers. Will these transactions be treated as if payment was made in cash?
General Criticisms and Statements Impugning a Plaintiff’s Personal Traits Do Not Support Claims for Defamation per se
Recent cases suggest an uptick in defamation lawsuits seeking damages for statements containing general criticisms of the plaintiff or highlighting certain negative personal traits. The theory is that such statements qualify as defamation per se for they impugn the ability or integrity of the plaintiffs in their occupation or professions.