Resources
Stay in the know of company and industry updates, accomplishments and more!
Good facts and good judge support rep’s claim for breach of the duty of good faith and fair dealing
… When a principal terminates a contract not for any legitimate or neutral reason, but to shed the rep before a sale closes and commissions become due, raising a bad faith claim, which may make additional damages available, should at least be explored.
Gain Exclusion on Small Business Stock Sales
Question: I am selling the stock of my small, closely-held corporation. What must I do to exclude the gain from taxation?
Frustrations in life of law
Frustrations abound in life and law.
-
The train is either agonizingly delayed, at the expense of my monthly meeting — obsessively gaveled to order on time — or leaves with infuriating promptness when I am held up, forcing me to acknowledge I can no longer cover the five-minute dash to the station in less than seven minutes.
Maximizing Benefits with Stock Options
Question: I was granted incentive stock options and non-qualified stock options from my company prior to the time the company went public. Can you explain the tax consequences and whether I am better off buying and holding the stock or doing cashless exercises?
Buying or selling: Key factors for sales rep agency valuation
Factors such as long-term and stable relationships with principals and customers, selling products with a promising future in the market, and the firm’s commission income stream on the rise, tend to increase the price.
Distributing Bypass Trust Assets for Income Tax Savings
Question: As a surviving spouse, most of my assets are held in my deceased husband’s bypass trust to which I am entitled to distributions of income and principal. Since I will no longer be subject to estate taxes, is there an advantage to my withdrawing as much money as possible from this trust?
Tax Consequences Upon Sale of Limited Liability Company
Question: I am one of several members in a limited liability company treated as a partnership for tax purposes which is being sold. If we sell our membership interests to the buyer, can the gain be reported as capital gain?
Online bettor wins second chance to recoup losses
Legal gambling on pro and college sports outside Nevada hit the jackpot on May 14 when the U.S. Supreme Court struck down the Professional and Amateur Sports Protection Act passed by Congress in 1992.
Fiscal Year Election for Qualified Revocable Trusts
Question: My father died holding all of his assets in a revocable trust. Must the trust’s tax returns be filed using a calendar year-end?
Air travel helps build character, as any frequent flyer will tell you
Airplane travel is nature’s way of making you look like your passport photo. — Al Gore
Like rain on a day off or coffee spilling on your shirt on the way into a client meeting, air travel delays seem inevitable.