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Dec 14

Tax Reform Actions That May Be Taken Before December 31, 2017

It’s the holiday season and everyone has plenty of items on their “to do” list.  The proposed tax reforms have created additional items to add to your list that you may consider completing before December 31 (of course subject to a bill actually passing)!  The… Read More

Nov 14

Seeking to Repeal the Federal Estate Tax – The Sequel

In 2001 President George W. Bush tried to repeal the federal estate tax. He was successful — but only for one year, 2010.  Then during the administration of President Obama the federal estate tax returned.  Under the new estate tax law the rate of tax… Read More

Oct 31

Federal Estate Tax Inflation-Adjustments for 2018

Throughout the federal tax code there are figures which are inflation-adjusted – meaning they go up when there is inflation and they go up more when there is more inflation.  The adjusted figures for the coming year are generally announced in October of the current… Read More

Oct 23

IRS Withdraws Regulations Which Could Have Eliminated Valuation Discounts

The IRS has never been a fan of valuation discounts.  These discounts allow the owner of a closely-held business to transfer an interest in the business to family members and others and, for gift and estate tax purposes, take a discount which reduces the value… Read More

Oct 03

SEC Committee on Small and Emerging Companies Publishes Final Report and Addresses SOX 404(b) and Securities Act Rule 701

In 2011, the SEC formed the Advisory Committee on Small and Emerging Companies (the “Committee”) to focus on interests and priorities of small business and smaller public companies. On September 13, 2017, the Committee met for the last time before the Committee’s charter expired on… Read More

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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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