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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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Miss Universe May Face Jail Time Over Taj Mahal Photography Session

Olivia Culpo, the 21-year-old Rhode Island native who was crowned Miss Universe 2012, is in hot water over a recent photo shoot at the Taj Mahal. The controversial footwear photography shoot has led to an investigation by Indian authorities, which may result in two years of prison time for Culpo and a fine of 100,000 […]

Author: Scarinci Hollenbeck, LLC

October 16, 2013

Entertainment and Sports

Affluent Urged to Focus on State Estate Taxes

Many affluent Americans and business owners who may be subject to federal state estate taxes focus a great deal of attention on understanding their obligations under tax law, utilizing gift tax allowances, and establishing wealth management plans that will help lower their liability. However, a recent analysis indicates that too few individuals give the same […]

Author: Scarinci Hollenbeck, LLC

October 16, 2013

A Bad “Rep” Can Impact a Company’s Ability to Attract Top Talent

A new survey suggests that prospective employees seriously consider a company’s reputation during their job search. In fact, almost 70 percent of job seekers would turn down jobs if the company had a bad “rep,” even if they are currently unemployed. The findings are part of an annual corporate reputation survey prepared by Corporate Responsibility […]

Author: Scarinci Hollenbeck, LLC

October 15, 2013

New Jersey Employment Attorney

Texas Attorney General Drops Out Of American Airlines Merger Lawsuit

The U.S. Department of Justice saw its lawsuit against the American Airlines-US Airways merger weakened this week after Texas Attorney General Greg Abbott announced that his state was dropping out of the case. The loss of the state’s support comes as a blow to the federal agency, because American Airlines is based in Dallas-Fort Worth and […]

Author: Joel R. Glucksman

October 15, 2013

Business Bankruptcy

IRS Increases Scrutiny of Small Businesses

The Internal Revenue Service has initiated a large campaign to crack down on offshore tax evasion and other egregious tax law violations that could result in large recoveries of hidden tax income, penalties, and interest. However, the IRS is also increasing its focus on small business tax practices, even if the potential for recovering sizable […]

Author: Scarinci Hollenbeck, LLC

October 15, 2013

IRS Audits Suspended in Light of Government Shutdown

The Internal Revenue Service is not immune to the far-reaching effects of the government shutdown, and many key services and responsibilities may be delayed or temporarily suspended. Existing tax law requires that the federal agency continue to collect payments, interest, and penalties, regardless of whether the government is functioning at full capacity. However, those individuals […]

Author: Scarinci Hollenbeck, LLC

October 14, 2013

Supreme Court Cases for New York and New Jersey Businesses to Watch

This month, the U.S. Supreme Court started a new term. While the justices have generally been considered “business friendly,” the trend is not guaranteed to continue. Below are several cases we will be watching: McCutcheon v. Federal Election Commission: In its first case of the term, the justices considered a constitutional challenge to the aggregate […]

Author: Scarinci Hollenbeck, LLC

October 14, 2013

Disclosures to the SEC Can Carry Confidentiality Risks

With the Securities and Exchange Commission’s (SEC) more aggressive enforcement approach, companies need to be aware that, when they turn documents over to the SEC after obtaining a signed confidentiality agreement, they are not getting the SEC’s agreement to refuse to provide to third parties these confidential documents. In fact, these agreements usually provide less […]

Author: Dan Brecher

October 11, 2013

Report: IRS Needs to Reevaluate Tax Gap Estimate

The Internal Revenue Service needs to improve or update the strategies it uses to estimate the federal tax gap, according to a recent report conducted by the Treasury Inspector General for Tax Administration. The TIGTA analysis argued that the IRS needs to work on the comprehensiveness, accuracy, reliability, and timeliness of the tax gap estimate, particularly as […]

Author: Scarinci Hollenbeck, LLC

October 11, 2013

What Does the Government Shutdown Mean for Bankruptcy Courts?

Several high-profile bankruptcy law cases are currently being deliberated across the country, ranging from Detroit’s historic Chapter 9 municipal bankruptcy to any number of large corporate filings. In light of the Oct. 1 government shutdown however – the first since 1996 – consumers, businesses, and third parties alike are wondering how the court system will […]

Author: Joel R. Glucksman

October 11, 2013

Business Bankruptcy

Reverse Mortgages: The Good, the Bad and the Ugly

Everyone from former U.S. Senator Fred Thompson to actor Robert Wagner is currently pitching reverse mortgages on television. From the advertisements, these financial transactions appear to be a lifesaver for cash-strapped retirees. However, homeowners should understand that reverse mortgages also carry significant risks. In basic terms, a reverse mortgage is a special type of loan […]

Author: Scarinci Hollenbeck, LLC

October 10, 2013

Is Chapter 11 Bankruptcy an Option for Blackberry?

Blackberry Ltd. has fallen on difficult times, and if its ongoing bid to find a buyer to take the company private fails, some analysts speculate that the company may be forced to reorganize under Chapter 11 of the bankruptcy law. Currently, the smartphone maker is negotiating a potential deal with Canadian insurance and investment company […]

Author: Joel R. Glucksman

October 10, 2013

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