Insights

Environmental Legislative Action

UST Funding Legislation Enacted Legislation that sets aside a cap on grants from the Petroleum Underground Storage...

Administrative Procedure Act Amended

Concluding a prolonged push by regulated entities for a more open and deliberative rule-making process, Governor Whitman...

Top 5 Ways to Avoid Litigation

The reality is that we are living in an increasingly litigious society and school districts will continue...

Victory for S Corporation Shareholders

The United States Supreme Court, in Gitlitz, et al. v. Commissioner, has held that excluded S corporation...

New Jersey Corporation Business Tax on Regular S Corporation Income to Be Phased Out

New Jersey recently adopted legislation that will phase out the New Jersey Corporation Business Tax on regular...

Charitable Contribution Substantiation Requirements

1. Qualified Appraisals. Taxpayers are generally allowed to deduct the fair market value of charitable contributions on...

IRS Casts Shadow on Split-Dollar Insurance Planning

In a recent notice issued January 9, 2001, the IRS published "interim guidance" on its position with...

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...

Private Foundation Tips

Private foundations and their donors are subject to a host of tax rules and regulations.  These rules...