Insights

Final Regulations on Allocating Asset Sale Purchase Prices

In asset purchase and sale transactions, the purchase price must be allocated into seven categories when reported...

IRS Finalizes Regulations for Treating the Purchase of Stock as an Asset Purchase

The Internal Revenue Service ("IRS") issued final regulations effective March 16, 2001, clarifying the rules allowing certain...

Major Changes to Hart-Scott-Rodino Premerger Notification Requirements

Significant amendments have recently been made to the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act"),...

FASB Ends Pooling of Interests in Accounting for Mergers and Acquisitions

On January 23, 2001 the Financial Accounting Standards Board ("FASB"), the independent board responsible for establishing and...

Accrual Basis Taxpayers Once Again Able to Get Installment Sale Treatment for Asset Sales

In late 1999, Congress surprised business lawyers by enacting legislation denying accrual basis taxpayers installment method accounting...

Governor Signs Limited Liability Partnership Act

Just as everyone was beginning to fully appreciate the "ins and outs" of working with limited liability...

Seize the Day and Get Ready for North American Free Trade Agreement

The New Jersey business community is as well or better positioned to take advantage of the proposed...

Qualified Plan Benefits Create Problems For Non-Citizen Spouse

Since the enactment of the Technical and Miscellaneous Revenue Act of 1988, the marital deduction for federal...

Winter 1992-1993 Philanthropic Fund: A Simpler Alternative to the Private Foundation

Suppose a client wishes to set aside a sizable sum (let's say $20,000) for certain charitable purposes....