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Latest from Venable LLP

Taxpayers who owe quarterly estimated taxes must make such payments by April 15,2021, notwithstanding the extended filing deadline this year. On March 17, 2021, the IRS announced a one-month extension of the tax filing deadline for individuals from April 15 to May 17 of this year. The rationale, per IRS Commissioner Chuck Rettig, was that the IRS wanted to “continue to do everything possible to help taxpayers navigate the unusual circumstances related to the pandemic,…
Hollywood is abuzz about NFTs—nonfungible tokens—the digital assets that are being sold at eye-popping prices by celebrities, athletes, and artists as limited-edition collectibles on blockchain marketplaces. Prices are being driven by a relatively small group of buyers who made fortunes by getting in early on Bitcoin and other cryptocurrencies. But as the supply of NFTs increases exponentially over the coming months, it is almost universally expected that prices for new NFTs will sputter. The NFT…
On April 5, 2021, William Briggs and Alex Weingarten were recognized by Billboard among its 2021 Top Music Lawyers. This prestigious list spotlights attorneys throughout the music industry who have supported a land rush of negotiations, new business models from livestreaming to nonfungible token (NFTs), and the ongoing need to advocate for their clients and social justice. William Briggs is a trial lawyer and civil litigator with broad experience in the entertainment industry. William represents some of…
Many celebrities balance maintaining their brand by staying in the public eye with privacy in their personal life. A new California law, however, has some business managers and celebrities concerned about maintaining their privacy. With little fanfare, Governor Newsom signed into law Senate Bill 592 (the Bill) on September 28, 2020, which may raise eyebrows this year as business managers and taxpayers navigate the 2020 tax reporting season. Specifically, the Bill requires the California Franchise…