Topic: IRS

JD Supra Corporate Brief: Goldman Trade Secrets, Cross-Border Telecommuting, Brazil Anti-Corruption, Worker Misclassification Lawsuits

On this day in 1895, George B. Selden was granted the first US patent for an automobile. Today’s global economy forecast: bumpy road ahead – but things should start to smooth out in 2014… (Richard Dion, David Dodge, and John Weekes at Bennett Jones) Score one for the underdog? (Kenneth Vanko at Clingen Callow &… Read more »

5 Risks Every Private Equity Firm Needs to Manage

“[R]egulators and prosecutors are increasingly focusing on private equity firms.” (Jeffrey Legault, Mark Pedretti, and Pablo Quiñones at Reed Smith) Managing risk is nothing new in the private equity world. But federal and state regulators – and unhappy stakeholders in acquired companies – are upping the ante. From lawyers writing on JD Supra, here’s a… Read more »

JD Supra Corporate Brief: IP Disputes, Consent Orders, Hazard Communication, Cybersecurity Framework

Keeping track of important law news is easy with the JD Supra Corporate Brief. See for yourself: The ITC is a good forum for resolving international IP disputes. Unless, of course, you’re a Standard-Essential Patent holder… (Akerman Senterfitt) According to the new head of the FTC’s Bureau of Competition, there are five benefits to using… Read more »

JD Supra Corporate Brief: China Antitrust, Government Overreaching, Wellness Programs, TCPA Rules

We thought he’d never stop talking… On this day in 1957, Senator Strom Thurmond ended the 24 hour and 18 minute filibuster he began a day earlier in opposition to the Civil Rights Act of 1957. The bill passed shortly after, and was signed into law on September 9 by President Eisenhower. As it turns… Read more »

JD Supra Corporate Brief: Patent Trolls, Powdered Milk, FATCA Registration, George Clooney

Go on, pour yourself a nice tall mug of law news for the ride into work. You’ll be glad you did… Could it be that some patent trolls play an important role in the country’s economic growth? (Burns & Levinson) Canada is cracking down on corruption. Time to clean up your act, eh? (Morrison &… Read more »

JD Supra Corporate Brief: Obesity Claims, Stock Options, HIPAA Rules, China Compliance

August 6, 1965: President Lyndon Johnson signed the Voting Rights Act into law. 48 years later, in Shelby County v. Holder, the US Supreme Court struck down as unconstitutional a key section of the Act, the formula used to determine which jurisdictions were required to obtain approval before changing voting laws. Nine insurance groups have… Read more »

FATCA Update: IRS Gives International Banks Brief Reprieve

Non-US banks struggling to comply with the US Foreign Account Tax Compliance Act (FATCA) – which requires foreign financial institutions to provide US authorities with information on accounts held by US citizens or face substantial penalties – just got an unexpected break from the Treasury Department. On July 12, 2013, the Internal Revenue Service announced… Read more »

JD Supra Corporate Brief: Tax Reforms, Electronic Evidence, Office Romance, US Sanctions

Law news you can use, every day: the JD Supra Corporate Brief. Sign up for email delivery. Senate Finance Committee publishes 19 pages of potential tax reforms for tax-exempt organizations (Venable) Unexpected FATCA delay gives foreign banks an additional six months to comply… (Pepper Hamilton) Trying to gather electronic evidence from employee laptops, online services,… Read more »

JD Supra Corporate Brief: EU Antitrust Fines, IRS Compliance Checks, NIST Security Guidelines, CFPB Rulemaking Agenda

Haven’t signed up for email delivery of the JD Supra Corporate Brief? Well, what are you waiting for? The EU’s first “pay-for-delay” fine is a hard pill to swallow for pharmaceutical manufacturers… (K&L Gates) The IRS has begun to conduct “compliance checks” of Section 457(b) plans… (McDermott Will & Emery) Is heightened scrutiny of the… Read more »

JD Supra Corporate Brief: Bribery Probes, USPTO Invoices, Foreign Currencies, Mental Disorders

One day, maybe soon, you’ll just close your eyes and the morning law news will be piped directly into your brain as you head into the office. Until then: the JD Supra Corporate Brief. Chinese authorities have detained high-level GlaxoSmithKline managers in three cities as part of a bribery probe (Mintz Levin) From sale of… Read more »

JD Supra Corporate Brief: Public Company ESOPs, First Amendment Defense, Patent Law Treaty, Stark Law Enforcement

Can’t decide whether you should wear the black or brown shoes? The JD Supra Corporate Brief goes well with either… Public companies may need to revise their ESOPs to comply with a recent IRS notice (Katten) Is the First Amendment a viable defense for off-label marketing of pharmaceuticals? You might think so six months after… Read more »

JD Supra Corporate Brief: IRS Guidance, Shareholder Requests, Recess Appointments, Bank Secrecy

The bad news: It’s Monday. The good news: The JD Supra Corporate Brief is here. The legal news: below… The Supreme Court likes arbitration. A lot (Pepper Hamilton) This overview of new IRS guidance on “minimum value, affordability, and wellness programs” under Obamacare is a must-read for all employers (Mintz Levin) How to respond to… Read more »

JD Supra Corporate Brief: Bumpy Road Ahead, Corporate Social Media, International Dismissal Toolkit, US Trade Secrets

Keeping up with the Joneses is a whole lot easier when you read the JD Supra Corporate Brief every morning: There is no way to keep your company from being hacked. So you need to be prepared… (LXBN) Fasten your seat belts: the road ahead for global economic growth will be bumpy… (Bennett Jones) Corporate… Read more »

JD Supra Corporate Brief: Global Regulation, Genetic Discrimination, SEC Regulation, Seed Patents

Another day, another JD Supra Corporate Brief. Ain’t life grand? More regulation equals more benefits for global businesses (Reed Smith) Planning to buy cloud-based services? Read this first (Sands Anderson) The EEOC just settled its first ever complaint alleging genetic discrimination under GINA (but it probably won’t be the last…) (Proskauer) Our view: any rule… Read more »

IRS Tax Credit Guidance Is Welcome News to Renewable Energy Industry

“The American Taxpayer Relief Act of 2012 extended the eligibility of these [energy tax] credits for projects that begin construction before January 1, 2014. The types of projects included in this extension are wind, open-loop biomass, closed-loop biomass, geothermal, landfill gas, trash, qualified hydropower, and marine and hydrokinetic renewable energy facilities.” (Leonard, Street and Deinard)… Read more »