Is Life As A Lawyer Making You Happy?

Take Law360's Anonymous Satisfaction Survey

Thursday, March 29, 2018

TOP NEWS

Analysis

Partnership ‘Pull-In’ Option Eases Burdens Of Audit Regime

Amendments to the consolidated partnership audit regime that allow partners to pay taxes through the partnership without filing amended individual income tax returns could greatly reduce administrative burdens on partners and the Internal Revenue Service while possibly lowering the interest the IRS charges on underpayments. Read more »

Feds Can Pick 15 Facebook Docs For Court Review In Tax Row

A California judge will allow the federal government to have a court review of up to 15 Facebook documents from a larger collection it is trying to access in a lawsuit related to an IRS audit of the social media company’s transfer pricing practices, according to a court order on Wednesday. Read more »

Rakoff Hits DMX With Year In Prison For 'Brazen' Tax Dodge

Manhattan U.S. District Judge Jed S. Rakoff sentenced rapper DMX to a year in prison Wednesday for a "brazen" tax evasion, telling the entertainer that he is a “good man” who also is “his own worst enemy” after listening to one of his songs about his addictions and the abuse he endured as a child. Read more »

FEDERAL

TCJA Cuts Households' Taxes Across Board, Think Tank Says

A report from the Urban-Brookings Tax Policy Center released Wednesday found the new federal tax law will reduce individual income taxes on average for all income groups in every state this year, cutting taxes for two-thirds of households by an average $2,200. Read more »

Estate Owes For $194M Gains On Contract Changes, IRS Says

The chief executive officer of Monster Worldwide Inc. realized $194 million in short-term capital gains because of contract modifications shortly before his death in 2008, and his estate should therefore pay taxes on that income, the Internal Revenue Service argued in a Second Circuit brief filed Tuesday. Read more »

DHS May Exclude Immigrants Who Use Tax Breaks, CHIP

The U.S. Department of Homeland Security is planning to deny immigration benefits to noncitizens who have used a broad array of public benefits, including prominent tax deductions, according to an unpublished draft rule. Read more »

STATE & LOCAL

Online Retailers Urge Justices Not To Overturn Quill

Quill Corp. v. North Dakota, the 1992 decision that reaffirmed the physical presence standard for the collection and remittance of use tax, is good law, and the U.S. Supreme Court should not turn its back on stare decisis, or on the retailers who rely on Quill, by overturning that decision, the defendants in a remote taxation case argued Wednesday. Read more »

EXPERT ANALYSIS

If You Can’t Stand The BEAT, You’re Still Stuck In The Kitchen

The new base-erosion anti-abuse tax, or BEAT, aims to prevent large corporate taxpayers from using deductible payments to offshore affiliates to reduce their U.S. taxable income below 10 percent. However, the law does not adequately confine its reach to its purported target of base erosion and also raises other murky interpretative and policy questions, says Heather Ripley of Alston & Bird LLP. Read more »

Did New Tax Law Accidentally Cut Education Benefits? No!

A close look at the Tax Cuts and Jobs Act makes clear that Congress did not intend to eliminate tax-free employer-provided education benefits. Though the individual deduction for job-related education expenses is no longer valid, benefits are still available under other provisions of the Internal Revenue Code, says Jeffrey Herman of Greensfelder Hemker & Gale PC. Read more »

Opinion

We Need A Cybersecurity Framework For Law Firms

In order to enable lawyers to best meet cybersecurity challenges, state bars should pass rules that adopt a cybersecurity framework to be developed by a national committee, says Shaun Jamison, associate dean of faculty and professor at Purdue University's Concord Law School. Read more »

LEGAL INDUSTRY

13 Law Firms Boast The Most Client-Savvy Attorneys

Just 13 law firms are home to five or more attorneys named by corporate counsel as “client service all-stars,” according to a report released Wednesday, with Jones Day and Gibson Dunn & Crutcher LLP coming out on top. Read more »

17 Attorneys Earn GCs' Repeat Kudos For Client Service

Seventeen attorneys have garnered all-star recognition among corporate counsel for at least the second year in a row for commitment to their clients that has been exemplified through responsiveness, legal pedigree and a client-centric approach. Read more »

How To Become Beloved By GCs

General counsel say the attorneys who consistently earn their trust and win their business stand out for their ability to cultivate a deep understanding of their clients’ industry and foster relationships that extend beyond the delivery of legal services. Read more »

6 Traits Shared By The Lawyers GCs Love The Most

Heads of corporate legal departments value unmatched client focus and experience from their outside counsel above all other traits, according to a report out Monday by BTI Consulting Group. Read more »

Ex-BigLaw Atty's Worth Jumped When He Shot Wife, Jury Told

A former Fisher Phillips LLP partner accused of murdering his wealthy wife for financial reasons went from having no funds of his own in his checking account to controlling $1.16 million the moment his wife died, a forensic accountant testified for the state Wednesday in a Georgia trial. Read more »

Don't Spare Ex-Skadden Atty The Rod, Mueller Urges Judge

A former Skadden Arps Slate Meagher & Flom LLP lawyer who admitted to lying to federal investigators working for special counsel Robert Mueller should face a punishment that reflects the seriousness of his crime, prosecutors have told the federal judge who's set to sentence the lawyer next week. Read more »

JOBS
Search full listings or advertise your job opening

NJ TOP TEN LAW FIRM PARTNER Schoen Legal Search Short Hills, New Jersey	Tax Attorney Chiesa Shahinian & Giantomasi PC West Orange, New Jersey
Trust & Estate Litigation Associate (Mid-Level) Hopkins & Carley Silicon Valley, California	Trust & Estate Litigation Associate (2-4 yrs) Hopkins & Carley Silicon Valley, California

Listen to our new podcast here

LAW FIRMS

Norton Rose Fulbright

COMPANIES

American Bar Association

BTI Consulting Group Inc.

Bank of America Corporation

Democratic National Committee

FTI Consulting Inc.

Facebook

Monster Worldwide, Inc.

GOVERNMENT AGENCIES

Department of Commerce

Government Accountability Office

Internal Revenue Service

National Institute of Standards and Technology

U.S. Attorney's Office

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. Supreme Court

Not sure if your firm subscribes? Ask your librarian.

We hope you found this message to be useful.
However, if you'd rather not receive future emails of this sort,
you may unsubscribe here.

Please DO NOT reply to this email. For customer support inquiries, please call 1-646-783-7100 or visit our Contact Us page.

Law360 | Portfolio Media, Inc, 111 West 19th Street, 5th Floor, New York, NY 10011