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May 17, 2016 |

Monetizing Tax Credits for Investing in Renewable Energy Projects

Kingsley Osei writes: The prolonged wait for the extension of the renewable energy tax credits throughout 2015 may have somewhat dimmed investor interest for backing renewable energy projects through the monetization of the tax credits. With the recent congressional extension of federal tax credits for renewable energy projects, investor interest is likely to soar again.
19 minute read
May 16, 2016 |

Morgan Lewis Straddles the Trump-Hillary Divide

The billionaire reality television star and the former secretary of state don't agree on much, but they've both found reasons to turn to ex-candidate Ted Cruz's former law firm.
45 minute read
May 16, 2016 |

Five Top Tax Issues for Retirement

In his Tax Tips column, Sidney Kess writes: Retirement is life-changing in so many ways, and it is different for different people. It may mean ceasing work or reducing work, possibly downsizing and relocating, or changing careers or starting businesses. For many, there is an increased need for medical care and other assistance. Each of these areas entails tax rules.
17 minute read
May 13, 2016 |

Quality-of-Life Investments Yield Economic Development Gains

Miami needs to tax itself to improve transit and become a more attactive city for business and job seekers, writes attorney Mitchell Bierman.
8 minute read
May 13, 2016 |

City of Phila. v. Auguste, PICS Case No. 16-0597 (Pa. Commw. April 29, 2016) Friedman, J. (9 pages).

Trial court erred in setting aside sheriff's sale of property for nonpayment of taxes because trial court relied on issues raised sua sponte and city did satisfy the statutory notice requirements. Reversed.
5 minute read
Law Journal Press | Digital Book Pennsylvania Causes of Action, 12th Edition Authors: GAETAN J. ALFANO, RONALD J. SHAFFER, JOSHUA C. COHAN View this Book

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May 12, 2016 |

Law Firms Look for Lessons—and Clients—in Panama Papers Leak

As lawyers position themselves to represent clients embroiled in the Panama Papers scandal, a legal ethics attorney says now is a good time for firms to re-examine their intake policies, especially in foreign offices.
13 minute read
May 11, 2016 |

Judge Rules Sam Wyly Deceived IRS, Owes Possibly $1B in Back Taxes

A Dallas federal bankruptcy judge sided with the IRS and against onetime Texas billionaire Sam Wyly.
8 minute read
May 06, 2016 |

Panel Upholds Legality of Local Property Tax Cap

A Third Department panel decided Thursday that the tax-curbing statutes are "rationally related to the legitimate government interest of restraining crippling property tax increases" and rejected the plaintiff's claims of substantive due process violations.
2 minute read
May 06, 2016 |

A Panama Papers Prophecy

Steven Wolowitz, Melissa Francis and Matthew Bisanz write: The U.S. government has been aggressively collecting information on U.S. taxpayers and their offshore financial institutions to go after entities and individuals who may have assisted criminal conduct. With the recent revelation of the so-called "Panama Papers," the government may have been handed the means to target not just the accountholders and their offshore banks, but a greater number of the professionals around the world who often link them.
10 minute read
May 06, 2016 |

Murray v. Tax Review Bd., PICS Case No. 16-0561 (C.P. Philadelphia April 4, 2016) Padilla, J. (10 pages).

The tax board erred when it determined it lacked jurisdiction to hear an appeal of interest and liens from a bill for clean and seal work due to the untimeliness of the appeal.
3 minute read

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