The Closer – M&A, Securities & Corporate Counsel

On June 21, 2018, the U.S. Supreme Court handed down its decision in South Dakota v. Wayfair,1 with significant tax consequences for the future of e-commerce. The Court overturned the “physical presence rule” required by a previous case, holding that a physical presence in a taxing state is no longer […]

The Tax Cuts and Jobs Act (“TCJA”) retained the ability for taxpayers to defer gains on the sale of appreciated real estate through the use of “like-kind” exchanges under IRC section 1031. The TCJA eliminated, however, the availability of like-kind exchanges of personal property. The Bad Starting Jan 1, 2018, […]

The Act made a significant change in the basic applicable exclusion from estate and gift taxes (“applicable exclusion”) available to each individual. The applicable exclusion is now doubled from $5,000,000 to $10,000,000 per person and is indexed for inflation. In 2018, the exclusion is anticipated to be set at approximately […]

Recent tax changes found in the Tax Cuts and Jobs Act (“TCJA”) and Bipartisan Budget Act of 2018 will affect tax-exempt organizations. Those changes are summarized as follows: Increased Standard Deduction for Individuals. The opportunity to deduct charitable contributions is limited by the TCJA. Donors can deduct the greater of […]

THE GOVERNANCE MULE1 A frank and practical look at the keys to successful governance for non-SEC registered entities Materials are plentiful concerning the mechanical keys to successful corporate (and related entity) governance. Typically, the materials provide a laundry list of items which, if adopted, and then monitored, provide a valuable […]