Page 10 - Code Sections News Today

Bradley has been publishing an ongoing survey of state-level bid protest processes and procedures (see, e.g., our post on “Bid Protests in New York”). For the next state in this ongoing...

For the next state in Bradley's ongoing series, we focus on the bid protest procedures in the State of Alabama, including administrative protests, requests for proposals for goods and services and public works projects, and what protests must contain.

Number and value of de-SPAC transactions have increased sharply. De-SPAC transactions are an alternative method of going public that may be faster and less costly than a traditional IPO. The typical de-SPAC transaction involves a publicly traded acquisition company merging.

Wednesday, August 4, 2021 On July 28, 2021, the IRS secured two victories in court. The first win allows the IRS to impose an additional 35% penalty on an individual as the sole owner and beneficiary of a foreign trust and the second court victory paves the way for the IRS to issue John Doe summonses in connection with its investigation of taxpayers who used an offshore service provider in Panama. A. The Second Circuit held that the IRS can impose a $3,221,183 penalty on an individual...

To print this article, all you need is to be registered or login on Mondaq.com. The California Secretary of State suspends or forfeits an entity for failure to file the required Statement of Information, and in the case of a domestic corporation that is an association formed to manage a common interest development, the required Statement by Common Interest Development Association.  In addition, the Secretary of State may suspend domestic or foreign corporation for the...

A recent case, Morrissette, addressed a complex intergenerational split dollar (ISGD) life insurance plan and handed a costly defeat to the taxpayer.

To embed, copy and paste the code into your website or blog: At last week’s ABA May Tax Meeting, government attorneys from both the Internal Revenue Service National Office Income Tax & Accounting division (IT&A) and the Department of the Treasury provided updates to taxpayers and practitioners on the status of guidance projects, and offered clarification regarding certain recent legislative proposals. IT&A leadership acknowledged that while during the onboarding of a new administration the ...

To print this article, all you need is to be registered or login on Mondaq.com. On March 11, 2021, President Biden signed into law the American Rescue Plan Act of 2021 (the " Rescue Plan"). 1 This post reviews Section 9641 of the Rescue Plan, which makes available tax credits to certain employers who voluntarily provide paid time sick leave and family and medical act leave to employees for absences occasioned by the pandemic, from April 1, 2021 through September 30, 2021...

To print this article, all you need is to be registered or login on Mondaq.com. This is a Supplement to our post on March 24, 2021 regarding Section 9641 of the American Rescue Plan Act of 2021 (the "ARPA"). This Supplement addresses state and local governmental employers. Section 9641 of the Rescue Plan makes available tax credits to offset the costs borne by certain employers who voluntarily provide emergency paid sick leave and emergency paid family leave to employees...

To print this article, all you need is to be registered or login on Mondaq.com. In a prior article, we explained Senate Bill 95, which requires employers with more than 25 employees in California to provide COVID-19 Supplemental Paid Sick leave.  You can read it here.  SB 95 creates California Labor Code Sections 248.2 and 248.3.  It goes into effect on March 29, 2021, and  applies retroactively to January 1, 2021.  This new COVID-19 Supplemental Paid Sick Leave l...