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Scarinci Hollenbeck remains committed not only to providing top-tier legal services but also to regularly providing information and resources to our client base and internet following. Client Alerts provided by our attorneys supply businesses, municipalities, and more with the latest and relevant legal updates that may impact them and how they might be able to proceed.

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Tax Benefits: Home Mortgage Interest Deduction for Unmarried Couples

The Ninth U.S. Circuit Court of Appeals recently ruled that unmarried individuals who purchased a home together are eligible to a home mortgage interest deduction for up to $1.1 million in debt each. This decision reversed a previous tax court decision that stated unmarried individuals were subject to the same $1.1 million limitation as married […]

Author: Scarinci Hollenbeck, LLC

September 23, 2015

Scarinci Hollenbeck

Thornton & Co. Files for Chapter 11 Bankruptcy

On Aug. 10, one of the largest resin distributors and resellers in the U.S., Thornton & Co. Inc., announced that it had filed for Chapter 11 bankruptcy protection. The company further stated that it intends to repay its suppliers through a partial orderly liquidation. Thornton & Co.’s debt accumulates due to industry collapse The resin […]

Author: Joel R. Glucksman

September 23, 2015

Essential Appellate Division Victory for Environmental Group

Scarinci Hollenbeck Environmental and Land Use Group Lands Appellate Division Victory Scarinci Hollenbeck has achieved a significant Appellate Division victory for its client Allwood Investment Company in Allwood Investment Company v. Jogam Corp., et al. The case was tried by John M. Scagnelli, Partner and Chair of the Environmental and Land Use Law Group, and […]

Author: Scarinci Hollenbeck, LLC

September 22, 2015

Corporate Resource Services Inc Files for Chapter 11 Bankruptcy Protection

Corporate Resource Services, Inc., one of the largest staffing firms in the U.S., has filed for Chapter 11 bankruptcy protection. According to Reuters, the company’s decision to seek bankruptcy protection followed the discovery of approximately $80 million in unpaid taxes. Corporate Resource Services debt accumulates The company has been engaged in an orderly wind down […]

Author: Joel R. Glucksman

September 22, 2015

Federal Contractors Must Provide Paid Sick Leave

President Barack Obama used the Labor Day holiday to announce new paid sick leave requirements for federal contractors. Under the newest of a succession of Executive Orders, workers employed by federal contractors will earn a minimum of one hour of paid sick leave for every 30 hours worked. As with many state and municipal sick […]

Author: Scarinci Hollenbeck, LLC

September 22, 2015

Scarinci Hollenbeck

Trustee Material Participation More Prominent After Recent Rulings

Power shifts in trustee material participation Taxpayer victories in Maggie K. Carter Trust v. U.S. and Frank Aragona Trust v. Commissioner were hailed as opportunities for taxpayers to structure real estate ownership by trusts in a manner that would attribute management activity to the trustee. The result of this trustee material participation was the 3.8% […]

Author: James F. McDonough

September 22, 2015

Scarinci Hollenbeck

Mediate or Arbitrate? Which Works Best for You?

To mediate or arbitrate. That is the question. Recording artists and their labels often get into disputes over their contracts, and when this happens there are typically three options: Litigate, mediate or arbitrate. Often it is best, and less costly, to avoid the first option, so, what is the difference between mediation and arbitration? Any […]

Author: Scarinci Hollenbeck, LLC

September 17, 2015

Will Tech Behind Bitcoin Help Modernize Traditional Banking?

What’s the deal with Bitcoin? Bitcoin does not exist physically, although you must exchange hard currency to acquire it. Unlike cash, Bitcoin resides in your “electronic wallet” as a computer file. A network tracks the transfer of the computer files from purchaser to seller, but does not record the nature of the transaction. The value […]

Author: Robert A. Marsico

September 17, 2015

Uber Suit Highlights Risk of Pre-Employment Background Checks

Uber Suit Highlights Risk of Pre-Employment Background Checks The number of lawsuits against Uber, Inc. appears to be growing almost as quickly as the company’s app-based car service. The latest lawsuit involves the company’s use of pre-employment background checks. The proposed class-action suit, which was filed in New Jersey federal court, alleges that Uber violated […]

Author: Scarinci Hollenbeck, LLC

September 16, 2015

Hercules Offshore Files for Chapter 11 Bankruptcy Protection

Hercules Offshore Inc., one of the largest global providers of offshore contract drilling and liftboat services to the oil and gas industry, filed for Chapter 11 bankruptcy protection on August 13. The company stated in court documents that it will implement a $1.2 billion debt-for-equity exchange with its senior bondholders. Hercules Offshore Inc. falls into debt […]

Author: Joel R. Glucksman

September 16, 2015

Do Supreme Court Decisions Influence the Securities Market?

Can U.S. Supreme Court decisions influence the Securities Market? The impact of U.S. Supreme Court decisions is often far-reaching. However, as highlighted in a recent study, 1 in 20 rulings suggest that Supreme Court decisions influence the securities market. The study’s findings were particularly apparent in the wake of the Supreme Court’s decision to uphold […]

Author: Dan Brecher

September 15, 2015

NY Estate Tax Reform: What it Means for You

The New York State Department of Taxation and Finance recently issued a Technical Memorandum to finalize 2015 legislative amendments to NY estate tax reform. The provisions enacted in 2014 will be effective retroactive to April 1, 2015. The basic NY estate tax reform: exclusion amount increases In the Technical Memorandum, the Department of Taxation and Finance […]

Author: Scarinci Hollenbeck, LLC

September 15, 2015

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