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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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IRS Defends $2 Billion Tax Dispute with Bill Davidson's Estate

The Internal Revenue Service is not backing down on a tax dispute claiming that the estate of the late Piston’s owner Bill Davidson owes more than $2 billion in estate taxes. The agency said the large estate bill is the result of Davidson’s misuse of gift tax law and his underpayment for sizable gifts made […]

Author: Frank L. Brunetti

September 9, 2013

Design Patents In A Nutshell

Design patents protect the ornamental design of a functional item. While there is certainly some overlap in the types of protection one can use to protect such ornamentation, design patent protection can cover an array of subject matter, including jewelry, containers, computer icons, packaging, electronics, fonts, and the list goes on… To qualify for design […]

Author: Scarinci Hollenbeck, LLC

September 8, 2013

Scarinci Hollenbeck

Suns Gain More Cap Relief Through Official Release of Michael Beasley

The Phoenix Suns will see cap relief with the official release of Michael Beasley, the 2008 No. 2 draft pick, from his contract, ending an era of spotty performance on the court, open disputes with coaches and legal issues. Following Beasley’s arrest on suspicion of marijuana possession in August, the player agreed to a buyout […]

Author: Anthony R. Caruso

September 6, 2013

Could Your Old iPhone Be Worth Big Bucks?

Apple Inc. is scheduled to introduce two new iPhone models this month. To offset the cost of a new device, the company is also introducing a highly anticipated new trade-in program. According to The Los Angeles Times, Apple will accept older generation phones that still work well and have not suffered any water damage. Depending […]

Author: Robert A. Marsico

September 6, 2013

Apple

DIA Urges Detroit to Stay Away from Art Collection

Several creditors and pension groups have teamed up to challenge the constitutionality of the Detroit bankruptcy filing. Although the Detroit Institute of Art has opted out of the objections, it released a statement discouraging the city from including its multimillion-dollar art collection in the bankruptcy proceedings. Prior to its petition for protection under Chapter 9 […]

Author: Joel R. Glucksman

September 6, 2013

Uneasy Link Between Federal Income Tax And NJ Gross Income Tax

There is a difficult and uneasy relationship between the Federal Income Tax (FIT) and the New Jersey Gross Income Tax (NJGIT). Despite the fact that the income for FIT purposes is the starting point for NJGIT purposes, there are significant differences. One observation is that NJGIT is unfriendly when it comes to the types of […]

Author: James F. McDonough

September 6, 2013

Income Tax

Succession Planning Is Definitely On the Mind of Microsoft's CEO

Do you think that Microsoft got it right in terms of their CEO Succession Planning? Steve Ballmer’s recent announcement that he was stepping down as Chief Executive Officer of Microsoft Inc. made headlines across the globe. According to his open letter to Microsoft employees, Ballmer will stay on the job for the next 12 months […]

Author: Kenneth C. Oh

September 5, 2013

Kodak Receives Final Approval to Make Bankruptcy Emergence

Photography pioneer Eastman Kodak Co. has experienced a rough 19 months after seeking Chapter 11 bankruptcy protection of the U.S. Bankruptcy Code. However, it appears that the company is well on its way to emerging from bankruptcy protection and entering the commercial and packaging printing market, as a bankruptcy court recently approved its reorganization plan. U.S. […]

Author: Joel R. Glucksman

September 5, 2013

Will Concussion Lawsuit Settlement Absolve NFL of Responsibilities to Players?

In a surprising move, the National Football League and more than 4,500 former NFL players announced that they had reached a proposed $765 million settlement regarding concussion lawsuits. However, if this proposal is approved, how will it affect the NFL’s future obligations under sports law to ensure its athletes are protected and educated about potential […]

Author: Anthony R. Caruso

September 4, 2013

Concussion Lawsuit

Rapper 'Fat Joe' Goes to Prison for Tax Evasion

The Rapper Fat Joe, whose real name is Joseph Cartagena, has voluntarily reported to federal prison in Florida to serve a four-month sentence for tax evasion. Fat Joe, who was charged with tax law violations in New Jersey, pleaded guilty in December 2012 to failing to pay taxes on more than $1 million of income […]

Author: Scarinci Hollenbeck, LLC

September 4, 2013

Tax Evasion

Trustee in Maine Railroad Company Case Deals with Complex Issues

A bankruptcy trustee has been appointed by the Office of the U.S. Trustee to manage the debtor Montreal, Maine, and Atlantic Railway in its bankruptcy case, as the railroad company becomes embroiled in a number of legal issues. The company filed for Chapter 11 bankruptcy protection, only a month after a runaway train owned by […]

Author: Joel R. Glucksman

September 3, 2013

Bankruptcy Protection

IRS Launches New Online FATCA Recording System

The Internal Revenue Service is one step closer to strengthening an international community devoted to fighting tax evasion and sharing information about potential tax cheats. After several stops and starts, the agency announced it has unveiled a new online registration for American and foreign financial institutions that need to comply with the Foreign Account Tax […]

Author: Frank L. Brunetti

September 3, 2013

Tax Evasion

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