Mondaq

JUNE 7, 2022

An organization may meet the requirements of section 501(c)(3) although it operates a trade or business as a substantial part of its activities, if the operation of such trade or business is in furtherance.

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Laws 40

Above The Law

SEPTEMBER 7, 2022

It doesn’t seem like Wax meant it to be a 501(c)(3) anyway. The post There Are No Tax Benefits To Donating To Professor Amy Wax’s Legal Defense Fund Especially When The Website Looks Like A Phishing Scam appeared first on Above the Law.

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SCOTUSBlog

MARCH 25, 2024

Because the marginal rates of the estate tax are quite high for those that have to pay it (40% in some cases), the question is rather important to the kinds of wealthy taxpayers that face this problem (but perhaps this does not include most of us who are mulling this problem today).

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Laws 70

LawTechnologyToday

JUNE 20, 2023

The fastest way to get yourself in trouble when it comes to your taxes; is to take tax advice without considering the important factors. In this video we dive into a popular question that solo law firm owners ask quite often; “Can I write off dinner with my spouse as a business expense?” Watch below!

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Fordham Law News

OCTOBER 12, 2023

Millions of people pay income taxes every year. But what would happen if instead of only being taxed on realized income, corporations and individual taxpayers also were taxed on unrealized income? [1] 10] The present issue is whether it is constitutional to tax these earnings. [11] income tax provisions. [20]

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ClimateChange-ClimateLaw

JUNE 27, 2023

Direct pay – which is already in effect as of January 1, 2023 – allows tax-exempt entities, including local governments, to claim the value of certain clean energy and other tax credits as a cash payment, rather than as an offset to tax liability that they do not have. Written comments are due on August 14, 2023.

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JURIST

OCTOBER 1, 2023

1981 states that “[a] ll persons within the jurisdiction of the United States shall have the same right in every State and Territory to make and enforce contracts… as is enjoyed by white citizens, and shall be subject to like punishment, pains, penalties, taxes, licenses, and exactions of every kind, and to no other.”

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Court Contract 245

JURIST

JUNE 19, 2021

Towns and cities can prohibit cannabis dispensaries, but towns and cities that allow dispensaries would collect a 3% local tax. Cannabis advertising will be limited, and marijuana smoking would be banned in workplaces, hotels, and state parks.

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Law 360

MAY 12, 2022

An expert hired by the IRS defended his valuation analysis of Facebook during a multibillion-dollar trial Thursday over the social media giant's 2010 tax bill, testifying that his $32.8

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JURIST

DECEMBER 2, 2022

Defence teams are made up of 2/3 support staff; over 30 lawyers are expected to be involved in this labour action. Staff members of the Court can avail of tax exemption, but such exemption is not available to the defence support staff. ICC defence staff members are young lawyers acting as legal assistants and case managers.

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Mondaq

MAY 12, 2022

In a recent judgment1 , the Gujarat High Court (‘the HC') has held that the Entry 3(if) of Notification No. 11/2017-Central Tax (Rate) as well as Entry 3(if) of Notification No. 11/2017 – State Tax (Rate).

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LawTechnologyToday

APRIL 26, 2023

1) a bookkeeper can help you keep your finances organized, 2) you didn’t go to law school to practice bookkeeping, 3) every hour that you spend on bookkeeping is an hour that is not making you any money, 4) a good bookkeeper can help you avoid surprise tax bills, 5) hiring a bookkeeper is a very affordable option. Watch below!

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ClimateChange-ClimateLaw

MARCH 8, 2023

Much of that funding will be delivered through tax credits and incentives, obligating the Department of the Treasury and more than a dozen other federal agencies—including the U.S. The expanded renewable energy investment tax credit, for example, now supports investments in energy storage and microgrids.

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Small Business Construction Government Technology 104

ClimateChange-ClimateLaw

OCTOBER 16, 2023

The Inflation Reduction Act (IRA) is chock-full of tax incentives for climate and clean energy projects. This year, 2023, marks the first tax year in U.S. For tax year 2023, direct pay claimants can receive their full base credit amount regardless of whether they also meet domestic content criteria.

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Government Manufacturing Finance Drafting 132

JURIST

MARCH 13, 2021

The agreement states that R+B conspired with several US account holders from 2004-2012 “to defraud the United States with respect to taxes, file false federal tax returns, and commit tax evasion.” taxpayers in evading their tax responsibilities to the tune of more than $16 million. accountholders.

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SCOTUSBlog

MARCH 25, 2024

Because the marginal rates of the estate tax are quite high for those that have to pay it (40% in some cases), the question is rather important to the kinds of wealthy taxpayers that face this problem (but perhaps this does not include most of us who are mulling this problem today).

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Court Laws 88

Strictly Business

FEBRUARY 12, 2024

Tax matters – in asset purchases, the primary tax matters involve (1) how the purchase price is allocated among the assets (higher allocations to certain assets may produce more or less capital gain for the seller and thus more or less income tax on the transaction), and (2) which party pays for transfer taxes (e.g.,

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Law 360

APRIL 4, 2023

A form that tax-exempt organizations use to seek miscellaneous determinations must be submitted electronically as of Tuesday, the Internal Revenue Service said in an updated procedure, though organizations will have until July 3 to comply.

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SCOTUSBlog

MAY 18, 2021

The case involved whether the Anti-Injunction Act, which generally prohibits lawsuits “for the purpose of restraining the assessment or collection of any tax,” bars pre-enforcement review of an IRS administrative notice aimed at gathering information regarding certain suspected tax shelter transactions. In reversing the U.S.

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Court Court Rules Legal Legal 99

Rocket Matter

NOVEMBER 21, 2023

7 tips for law firms to get ready for taxes Grab a holiday cookie and turn off your email notifications. Make a start on your year-end tax preparation with these seven steps. Make a start on your year-end tax preparation with these seven steps. One too many “Season’s Greetings” emails.

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Law Firm Law Firms Laws Legal 52

Chugh LLP

JULY 28, 2021

Also known as 501(c)(3) organizations, NPOs operate exclusively for tax-exempt reasons, which may include religious, charitable, educational, literary, and scientific purposes. [1]. To qualify for and maintain federal tax-exempt status, public charities must meet certain rigorous criteria. [2] By Swetha Gopalakrishnan.

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Education Attorney Government Legal 98

Hoban Law Group

APRIL 13, 2021

As long as a tax year is “open”, it can be kept that way for a minimum of 2 years and a maximum of at least 6 years by the simple expedient of filing a claim for refund. As long as a tax year is “open”, it can be kept that way for a minimum of 2 years and a maximum of at least 6 years by the simple expedient of filing a claim for refund.

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Drafting Statute Government Court Decisions 105

SCOCAblog

JULY 24, 2020

Overview In Palo Alto, a man named Kevin Creaven recently published a notice of intent to begin gathering signatures to qualify a local ballot measure titled “The Wealth Tax Initiative.”

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Legal Legal Court 68

OilandGasLawyer

SEPTEMBER 23, 2022

Diamondback is another case arising out of the same tax foreclosure suit that was addressed in Mitchell v. In 1998, there was a small tax debt owed by Mr. Griffith and Albert on their royalty in the Meriwether lease. 005952 decimal interest in the Meriwether lease (each owning a royalty of 1/3 of 1/7 of 1/8 royalty).

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Court 52

Diane Drain

JANUARY 22, 2023

CONTENTS: November 17, 2022: Student Loans; Bankruptcy December 1, 2022: Bankruptcy December 5, 2022: Arizona Exemptions, Medical Debt December 15, 2022: HECM Reverse Mortgages December 27, 2022: Bankruptcy December 31, 2022: Student Loans; USDA Loan Modifications January 1, 2023: TILA; FCRA; CLA; HMDA; FHA Loans; Minimum Wage and Wage Garnishment (..)

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JURIST

NOVEMBER 15, 2023

In an attempt to answer it, Peru’s Supreme Court has established that, a suspension can’t exceed double of the duration of the potential criminal penalty plus half of it (Acuerdo Plenario N° 3-2012). That’s a very reasonable time to investigate the case. In the last case, Soto was accused of improperly charging the amount of S/.10,000.00

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Laws Legal Legal Criminal Law 197

Mondaq

MAY 2, 2022

On 3 March 2022, the updated EU list of non-cooperative jurisdictions for tax purposes came into effect with its publication in the Official Journal of the European Union.

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Law 360

AUGUST 27, 2021

executive to three years in prison and over $3 million in restitution following his guilty plea on tax and wire fraud charges after he set up a secret side company to generate business from Cisco and solicited kickbacks from Cisco vendors. A California federal judge has sentenced an ex-Cisco Systems Inc.

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Strictly Business

DECEMBER 7, 2023

As discussed in our recent QSBS overview , qualified small business stock (“QSBS”) can offer significant tax benefits for founders, advisors, and investors. That basically means, as a general rule, our Recipient recognizes income and pays taxes on the value of the stock as it vests. So what does Section 83(b) have to do with QSBS?

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Small Business Lawyer Lawyers Legal 65

Gravel2Gavel

MAY 25, 2022

Section 80201 of the Infrastructure Investment and Jobs Act of 2021, Public Law 117-58 , reinstates the long-expired federal excise taxes that are imposed on specified chemical substances used in common industrial applications pursuant to Sections 4661 and 4671 of the Internal Revenue Code. Continue Reading ›.

Laws 52

Laws 52

Mondaq

NOVEMBER 29, 2021

3 education related cases discussed regarding vicarious liability, ACL & school building fund - deductible gift recipient for tax?

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Mondaq

DECEMBER 7, 2021

On May 3 the Conference of the Parties to the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting approved an opinion titled "Interpretation and Implementation Questions,".

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JURIST

NOVEMBER 9, 2022

Missouri Amendment 3 was approved by a vote of 53.11 The measure also adds a 6 percent sales tax on the sale of marijuana and enables individuals convicted of non-violent marijuana-related offenses to petition to be released from incarceration and have their record expunged. percent to 46.89

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Legal Legal Manufacturing Laws 104

Diane Drain

OCTOBER 29, 2020

over the total amount of the Senior Real Property Tax Lien Amount + the Senior Lien Payoff Amount + the $150,000 Homestead Exemption Amount as its opening credit bid at the Sheriff’s Execution Sale.2. The Judgment Creditor is required by the Sheriff to bid $1.00 For a Homestead Residence execution sale, the actually bidding begins at $1.00

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Real Estate Depositions Diligence Calendaring 197

JURIST

JANUARY 27, 2022

Reeves was unhappy with the amount of marijuana a patient could purchase, a change lawmakers made in the current bill, decreasing the amount from 4 ounces to 3. It was quickly vetoed by the Mississippi Supreme Court, prompting lawmakers to work on drafting a medical marijuana bill.

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Mondaq

SEPTEMBER 19, 2021

The ITAT made an observation that the judicial precedent relied upon by the taxpayer does not discuss the connotations of the expression ‘paid,' especially in the context of Article 3(2) of the Treaty read with Section 43(2) of the Indian Income-tax act.

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InHouseOps

APRIL 16, 2021

So writes Zena Applebaum, national director of market insights & engagement for legal, tax & accounting at Thomson Reuters, in a guest post at 3 Geeks and a Law Blog, in which she recounts her recent turn on the Clubhouse stage. Maybe all of the above – and more.

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