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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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Estate planning with a non-citizen spouse

Estate planning, when not done in careful accordance with tax law, can lead to extremely high costs for high-net-worth individuals. Many of these costs can be easily mitigated or avoided entirely by taking advantage of the unlimited marital deduction, but this does not apply for individuals who are married to non-citizens, according to Market Watch. […]

Author: Frank L. Brunetti

March 26, 2014

Gift Tax

EEOC Issues New Guidance on Religious Dress and Grooming in the Workplace

Failing to make a reasonable religious accommodation to your dress and grooming policy can be costly. Just ask United Galaxy Inc., a car dealership in Little Falls, New Jersey. Late last year, the company agreed to pay $50,000 to resolve allegations that it declined to hire a Sikh applicant after he refused to shave his […]

Author: Dan Brecher

March 26, 2014

Quiznos to file for bankruptcy amidst debt and declining sales

Global sandwich chain Quiznos is preparing to file for protection under Chapter 11 of the bankruptcy act. According to reports published the evening of Feb. 27, the one-time fast food giant has accumulated about $570 million in debt and is experiencing declining sales nationwide. Quiznos has been negotiating with creditors and unhappy franchisees for weeks […]

Author: Joel R. Glucksman

March 25, 2014

Chapter 11

Exodus on the Parkway: Regent Atlantic’s Report Into Why Wealth Leaves New Jersey.

The financial advisory firm Regent Atlantic as to why wealthy people leave New Jersey to reside in other states. The report is entitled Exodus on the Parkway: Are Taxes Driving Wealthy Residents Out of New Jersey? (the “Report”). The Report draws on objective statistical information and is free of the hyperbole that often accompanies such […]

Author: James F. McDonough

March 25, 2014

Labor Attorney Challenges NCAA Stance on Amateur Status

The NCAA Compensation State of Affairs In the current climate, the compensation of college athletes is capped at an academic scholarship, which changes in value based on the school. No matter how famous – i.e. Johnny Manziel – any athlete who receives payment outside of a scholarship could be ruled ineligible atany timee and lose […]

Author: Anthony R. Caruso

March 24, 2014

NCAA

States Pursue Offshore Tax-Free Income

While many reliable sources in Washington are saying that the odds of either President Obama’s corporate tax reform bill or Republican Camp’s bill getting passed this year are slim to none, some states aren’t waiting to conduct their own reform.. While many reliable sources in Washington are saying that the odds of either President Obama’s corporate tax reform […]

Author: Frank L. Brunetti

March 24, 2014

Tax Evasion

Scarinci Hollenbeck Attorneys Successfully Represent Township of West Orange in Arbitration

We would like to congratulate Scarinci Hollenbeck attorneys, Ramon E. Rivera and Christina M. Michelson, for successfully representing the Township of West Orange in the Interest Arbitration with the PBA Local 25. This Arbitration Award comes at the heels of the unprecedented agreement reached between the Township and its Fire Unions in April of 2011. […]

Author: Scarinci Hollenbeck, LLC

March 21, 2014

Scarinci Hollenbeck

San Bernardino bankruptcy filing to set a precedent

San Bernardino and its largest creditor, California Public Employees’ Retirement System, have made significant progress in recent negotiations, according to Reuters. The negotiations center on how much the city will pay the pension fund as part of the city’s bankruptcy filing. The city filed for protection under Chapter 9 of the bankruptcy law in August of […]

Author: Joel R. Glucksman

March 21, 2014

Bipartisan move toward corporate tax reform

There hasn’t been a major reform of corporate tax law in almost three decades, and with good reason – neither party agrees on which way to push the needle. However, recent developments in Washington suggest that both parties may be moving toward agreement in some key areas, according to MSNBC. Both President Barack Obama and Michigan […]

Author: James F. McDonough

March 21, 2014

Income Tax

Staples To Close Many of Their Retail Locations

Staples, Inc. is the latest major retailer to announce that it will close a large number of its retail locations. Staples plans to close 225 stores, while Sears Holdings will shutter 500 locations, including its flagship Chicago store. The recent announcements are likely only the tip of the iceberg. According to a recent CNBC report, […]

Author: Victor E. Kinon

March 20, 2014

Retail

Calumet Photographic declares bankruptcy

In a last-minute announcement, Chicago-based Calumet Photographic announced that it was filing for protection under Chapter 7 of the bankruptcy law on March 12, according to The Wall Street Journal. The chain announced its plan to liquidate “with a heavy heart” on Facebook, saying that it would be closing all of its U.S. locations, though it […]

Author: Joel R. Glucksman

March 20, 2014

What Could Cause College Athletes to Lose Amateur Status?

NCAA Amateurism Amateurism is one of the most important things to the NCAA. It is why they are so adamant against paying athletes because amateurs don’t receive compensation. College athletes that lose amateur status are no longer able to participate. The following are some situations that could lead to this distinction: An amateur athlete will […]

Author: Anthony R. Caruso

March 19, 2014

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