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Denial of Treaty Benefits and Limitation of Benefits One of the hallmarks of international tax planning is the ability to obtain a tax ruling from a foreign revenue services that the taxpayer is a qualified resident for income tax treaty purposes. Such a ruling permits a taxpayer to proceed with certainty in establishing operations. It […]

Sports Authority may be filing for chapter 11 bankruptcy Sports Authority Inc., one of the largest sporting goods retailers in the U.S., plans to file for Chapter 11 bankruptcy protection in March, ABC News 8 in Tulsa reports, citing people aware of the expected move. According to a CNBC report, there is serious doubt that […]

The Patent Prosecution Highway is a set of initiatives for providing accelerated patent prosecution among 23 nations, which provides a method for expediting examination of a pending patent application in a foreign country. Once one of the enrolled countries has approved an application for issuance, the application may be eligible for the Patent Prosecution Highway (PPH) in other countries signed on […]

PLR 201302009 & avoiding cancellation of indebtedness on underwater property Private letter rulings (PLR) offer insight into where certain boundaries lie. PLR often provide solutions to problems that practitioners are likely to encounter. PLR 201302009 offers a solution to a common problem faced by many real estate operators for borrowers whose property is underwater. The […]

Should movie theaters caption song lyrics? What if the iconic end to the film “Fight Club” featured the lyrics to The Pixies’ “Where is my Mind?” scrolling across the bottom of the screen? What if the words to Redbone’s “Come and Get Your Love” distracted from Chris Pratt’s beloved dance scene at the start of “Guardians […]

SFX Entertainment Inc. files Chapter 11 Recently, SFX Entertainment Inc., the electronic music concert production giant, announced that it had filed for Chapter 11 bankruptcy protection. According to The Wall Street Journal, the company’s bankruptcy petition was filed to eliminate $300 million in outstanding liabilities by converting most bondholder debt into equity shares in the […]

The sequel has arrived with the continuing story about what states offer the biggest benefits to filmmakers in terms of Shoot Location tax Incentives . In Part 1 “Filmmakers Need To Consider Shoot Location Tax Incentives”, we covered what these tax breaks are and how they affect major set and budgeting decisions during the filmmaking process. What […]

Shoot location tax incentives are an important for film makers to consider when trying to create a film. Depending on the state a production team chooses to film in, there may be shoot location tax incentives involved. Tax breaks are important to actors, directors, producers, studios and everyone else involved in the development of a film. […]

Sixth Circuit Court rules Law Firm is not Exempt from Taxes Recently, in the case of a Michigan law office, the Sixth Circuit Court upheld a decision to penalize the law firm for not filing a Form 5330, Return of Excise Taxes Related to Employee Benefit Plans. According to a Bloomberg BNA report, the court […]

Monmouth County Enforcement of NJ Consumer Fraud Act The Monmouth County Division of Consumer Affairs recently announced that it recovered more than $1.8 million on behalf of consumers in 2015. The announcement highlights that violating the New Jersey Consumer Fraud Act can be costly for Monmouth County businesses. Provisions of the Consumer Fraud Act The […]

Addressing Potential Muslim Discrimination in the Workplace In the wake of the Paris and San Bernardino attacks, the Equal Employment Opportunity Commission (EEOC) recently addressed how employers should tackle potential discrimination toward Muslims. The EEOC acknowledges that the fear and uncertainty associated with terrorism can lead to tensions in the workplace. In addition to workers that […]

Will Spendthrift Language In A Trust Always Be Respected? The unequivocal answer to the question is: it depends. The grantor’s purpose for including spendthrift language in a trust is to protect the trust assets set from the beneficiary’s creditors and to prevent the beneficiary from selling or assigning his or her interest in the trust. […]