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September 16, 2024 | Legaltech News

Tracking Generative AI: How Evolving AI Models Are Impacting Legal

A running compilation of how the legal landscape continues to be shaped by generative AI tools, from GPT technologies to art generation tools and beyond.
208 minute read
August 27, 2024 | New York Law Journal

IRS Targets Related-Party Basis Shifting

On June 17, 2024, the IRS released Notice 2024-54, which states that the IRS and the Treasury Department intend to issue proposed regulations relating to partnership basis adjustments resulting from transactions between related parties. The proposed regulations would introduce massive additional complexity to an area of the tax law that is already complicated.
6 minute read
August 16, 2024 | The Recorder

Announcing the Finalists of the 2024 California Legal Awards

The awards celebrate the achievements of lawyers and companies leading technology, innovation and the profession as a whole.
5 minute read
August 14, 2024 | New York Law Journal

Coordination of ESOP Benefits With Installment Method

The conclusion of the court that the installment sale rules continued to apply where a section 1042 election had been made is surprising and it remains to be seen whether the Commissioner will contest this result.
9 minute read
August 13, 2024 | Daily Report Online

'Trapped in the Floor': $5.25M Settlement Reached Years After Tenant's Death

"Perhaps it is not tort reform that we need but insurance reform," said plaintiff counsel Cash Krugler Fredericks partners Alwyn Fredericks. "Insurance companies should fairly assess and resolve cases on the front end as opposed to crying foul when a jury hammers them for not doing their jobs."
10 minute read
July 10, 2024 | Law.com

Critical Mass With Law.com's Amanda Bronstad: Why Crash Victims Plan to Oppose Boeing's Plea Deal, Monsanto Moves to Toss Upcoming PCB Trial

Lawyers for families of those who died in two 737 Max plane crashes will ask a judge to reject Boeing's criminal plea agreement.
6 minute read
June 18, 2024 | New York Law Journal

Theft Loss Deductions Denied

In two recent Tax Court decisions, it was determined that, although there had been a loss in value attributable to activities ultimately determined to be crimes, no theft loss was allowable to the petitioners because no crime in the nature of theft had been committed against the petitioners themselves to deprive them of property that they owned.
9 minute read
June 04, 2024 | New York Law Journal

NY State Tax Appeals Tribunal Holds Management Services Are Taxable

Clients often unknowingly subject themselves to enormous liability by failing to charge sales tax in circumstances where the taxability is unclear. A recent example of this is the Tax Appeals Tribunal decision in 'Beeline.com'.
7 minute read
May 30, 2024 | Connecticut Law Tribune

Middletown Jury Returns $3 Million Verdict: Meet the Lawyers

"Hopefully, this verdict and other verdicts we've had will transcend to insurance companies to change the status quo," Jonathan Bak of the Flood Law Firm said.
4 minute read
April 23, 2024 | New York Law Journal

An Uncharitable Regulation: Tax Court Invalidates Conservation Easement Regulation

In their Financing column, Ezra Dyckman and Charles Nelson discuss the recent Tax Court case, Valley Park Ranch, LLC v. Commissioner, which "is significant because it illustrates the Tax Court's willingness to invalidate a longstanding regulation based on procedural flaws that occurred almost 40 years ago."
5 minute read

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