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Aug 03

Securities and Exchange Commission Addresses Virtual Currencies and Blockchain Technology

On July 25, 2017, the SEC issued a Report of Investigation under Section 21(a) of the Securities Exchange Act of 1934 (Exchange Act) describing an investigation of “The DAO,” a virtual organization, and its use of distributed ledger or blockchain technology to facilitate the offer… Read More

Jul 18

If you want a charitable deduction for a gift of property to a charity, you must avoid imposing restrictions upon the charitable donee

IRC §170(a) allows a deduction for any charitable contribution made during the taxable year.  IRC §170(c) defines a charitable contribution to include a contribution or a gift to or for the use of qualified entities.  A contribution is not deductible unless it constitutes a completed… Read More

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Tax
Jun 15

The Soda Tax in Court

This guest post was authored by Brandon Matsnev, a summer associate with Montgomery McCracken. The Philadelphia Beverage Tax, commonly referred to as the “Soda Tax,” has unleashed vigorous political debate. The legislation, implemented January 1, 2017, taxes soda distributors 1.5 cents per ounce of soda sold… Read More

Jun 15

Inter Partes Review Challenged at the Supreme Court

The old adage in patent law has always been that “patents are presumed valid.” This gives patent owners and industry confidence as to the ownership of technology. However, in recent years, the prevalence of inter partes reviews (IPR) has put the adage in doubt. The… Read More

May 12

Will Your Company’s Next Big Investor be Your Favorite Athlete or Sports Franchise?

As cleanup crews sweep up the final remnants of the NFL Draft, the Phillies show potential for a successful season and the NBA and NHL playoffs in full-swing, many people currently have sports on their mind – but what does this have to do with… Read More

Apr 25

Checklist of Tax and Non-Tax Considerations for Someone on His/Her Deathbed

I am often asked by family members of a loved one who is on his/her death bed what steps should be taken from an estate planning, tax and non-tax perspective that will make the individual more comfortable, save taxes, preserve assets and make settling the… Read More

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Tax, Trusts and Estates
Apr 20

Branch Transactions – New Aggregation Election

Do you have a business that has a branch in a foreign country?  If so, new regulations will dictate how you determine your taxable income. Many businesses have a branch in a foreign country.  This may include conducting business in the foreign country through an… Read More

Mar 13

Legal Considerations for Companies Developing Web Enabled Devices

This post was co-written by Montgomery McCracken associates Benjamin E. Fuller and Ernest D. Holtzheimer. As the Internet of Things (“IoT”) continues to revolutionize the world through web enabled devices, from smart refrigerators to smart defibrillators, the companies engineering these devices need to be aware of… Read More

Feb 27

Game On

One of the most sought after toys of the 2016 holiday season was Nintendo’s NES Classic Edition. Retailing for $59.99, the NES Classic Edition allows you to play 30 classic late 1980s – early 1990s games originally released on the Nintendo Entertainment system, such as… Read More

Feb 23

Making Living Wills More Clear with a QR Code Link to a Video Personal Statement

They go by many names, living wills, advance directives for healthcare, healthcare powers of attorney and healthcare proxies.  I usually call them advance directives for healthcare (and will use that term in this article) because I think that covers all the issues they address. There… Read More