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RETAIL LAW ADVISOR The Dangers of Social Media: Employment Disputes
Practice: Retail, Restaurant & Consumer | Blog | Social media platforms such as Facebook and Twitter are proving to be an increasing source of conflict between employers and employees, with surprising and unpredictable outcomes. For example, a store manager who checks the Facebook account of a prospective hire may not realize that this activity can violate anti-discrimination laws. To avoid unpleasant surprises, retail... |
.[YOUR NAME HERE]: New Domain Name Roll-Outs Underway
Practice: Retail, Restaurant & Consumer | Blog | The launch of .XXX and other generic top level domains (gTLDs) will complicate the domain name strategies of retailers and other brand owners. Domain name registration services, such as GoDaddy.com, have been advertising the new .XXX domain to everyone, including those not affiliated with the adult entertainment industry. Second level domains (SLDs) on .XXX are... |
TAX LAW ROUNDUP Supreme Court Rules Against IRS in Statute of Limitation Case
Practice: Real Estate, Tax | Blog | In a much-anticipated decision, the U.S. Supreme Court voted 5-4 against the IRS and held that the three-year and not six-year statute of limitations applied to a so-called Son of BOSS tax shelter in U.S. vs. Home Concrete & Supply LLC. This is the culmination of a series of split appeals court decisions on... |
IRS Allows Five Year Depreciation for Wind-Facility Power Purchase Agreement
Practice: Real Estate, Tax | Blog | In PLR 201214007, the IRS treated facility-specific power purchase agreements (PPAs) as part of their related energy production facilities, and that such PPAs are therefore eligible for favorable five-year depreciation. In the PLR, the taxpayer acquired both a wind facility and the related PPA and the question was whether the favorable five-year depreciation life for... |
Proposed Regulations Address RIC and REIT Built-in Gains Tax
Practice: Real Estate, Tax | Blog | New taxpayer-favorable regulations clarify the application of the section 337(d) and section 1374 built-in gain rules for transfers of property to RICs and REITs. The new regulations clarify the prior 2003 regulations. Under the prior regulations, when C corporations transfer appreciated property to a RIC or a REIT, section 1374 rules track any carryover built-in... |
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