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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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Report: Rising Number of Americans Relinquish Citizenship to Avoid High Taxes

A growing number of Americans are renouncing their U.S. citizenship and handing in their passports at faster rates in an effort to avoid rising high tax rates and complicated tax law, according to a newly-published government report. The Internal Revenue Service released its Quarterly Publication of Individuals who have chosen to Expatriate in the Federal Register. The […]

Author: Frank L. Brunetti

September 18, 2013

Tax Evasion

Scarinci Hollenbeck Receives “Best in Industry" Award for Pro Bono Website

Scarinci’s Hollenbeck’s comprehensive Constitutional Law Reporter helps to serve the interests of law schools and legal scholars across the country Lyndhurst, NJ, September 17, 2013 – Scarinci Hollenbeck has been named a winner of the 2013 New Media Award’s Web Awards Competition. Scarinci Hollenbeck earned the Best in Industry award for its Constitutional Law Reporter. […]

Author: Scarinci Hollenbeck, LLC

September 17, 2013

San Bernardino Commits to Mediation 'Outline'

One week after a U.S. Bankruptcy Judge ruled that the city of San Bernardino is eligible to seek protection under the provisions of Chapter 9 municipal bankruptcy, city officials committed to preparing an “outline” by October 15 when they enter into discussions with creditors and a mediator. The city will be required to enter into […]

Author: Joel R. Glucksman

September 17, 2013

The U.S. Announces Penalty Rates for Swiss Banks Involved in Tax Probe

The Department of Justice unveiled a new program designed to both encourage Swiss banks to cooperate with U.S. investigations into tax evasion and outline potential penalties these financial institutions may face for hindering these tax law cases. U.S. authorities announced that Swiss banks seeking to avoid prosecution for facilitating tax evasion through the use of secret […]

Author: Scarinci Hollenbeck, LLC

September 16, 2013

Tax Evasion

Competitive Brokerage Industry Vulnerable to Trade Secret Theft

In the highly competitive brokerage industry, proprietary computer code must be closely guarded. Employees are increasingly walking out the door with it and starting their own firms. Most recently, two New York men were charged with stealing source code from Flow Traders L.L.C., a high-frequency trading firm in Manhattan. They planned to use the information […]

Author: Scarinci Hollenbeck, LLC

September 16, 2013

Partner Fernando Pinguelo Moderates Panel on Cutting Edge eDiscovery Issues in Denver

Pinguelo Moderates Panel at the HNBA’s Annual Convention in Denver, CO Lyndhurst, NJ, September 12, 2013 – Fernando M. Pinguelo, a Partner at Scarinci Hollenbeck Attorneys at Law, and Chair of the law firm’s Cyber Security & Data Protection practice group, recently moderated a panel on “Meeting Your Discovery Obligations in the Electronic Age,” at […]

Author: Scarinci Hollenbeck, LLC

September 13, 2013

Lobstermen Fall Victim to Supply and Demand

Businesses of all sizes and in all industries must contend with the age-old economic principle of supply and demand. Whether your business provides products or services, the competition in the market and the receptiveness of consumers will greatly influence the prices you can charge as well as your profitability. The powerful interplay between supply and […]

Author: Dan Brecher

September 13, 2013

Business

Tattoos May Bring on a Host of New Legal Complications for Athletes, Businesses

Professional athletes may be accustomed to a slew of potential lawsuits stemming from sports violations, contract issues, defamation and slander, union agreements, and injuries. But a new and unexpected issue may be on the forefront that could pose new legal complications for athletes, game makers, and the sports industry: tattoos. In recent years, a string […]

Author: Anthony R. Caruso

September 13, 2013

IRS Begins Crackdown of Small Businesses

Small businesses may face increased scrutiny from the Internal Revenue Service, which recently announced that it believes small companies may be under-reporting cash payments. Resulting from the possibility of many small business audits in the future, the agency recently sent out 20,000 letters since fall 2012, notifying owners of “possible income under-reporting.” The IRS said […]

Author: Scarinci Hollenbeck, LLC

September 13, 2013

American Arbitration Association Issues Rule Update for Commercial Arbitration

The American Arbitration Association (AAA), which handles over 100,000 disputes each year, recently issued revisions to its Commercial Arbitration Rules. The changes take effect on October 1, 2013. According to the AAA, the changes are intended to “directly address preferences of users for a more streamlined, cost-effective, and tightly-managed arbitration process that avoids the high […]

Author: Robert E. Levy

September 12, 2013

Arbitration

The IRC §409A Minefield

Tax professionals frequently encounter non-qualified deferred compensation plans (“NQDCA”) in the context of an estate or business. NQDCA’s include any arrangement where an employee or a service provider (independent contractor) receives a legally binding right to receive compensation in one year but it is not actually received until a later year. A legally binding right […]

Author: James F. McDonough

September 11, 2013

Income Tax

Judge Speeds Up Detroit's Eligibility Hearing

Legal commentators have noted that they expect the Detroit Chapter 9 bankruptcy case to be a tedious and time-consuming process. This projection has been supported by the large number of creditors filing objections seeking to prove that the city is not eligible to seek out bankruptcy protection. However, the bankruptcy judge who is overseeing the […]

Author: Joel R. Glucksman

September 10, 2013

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