Tax

Congress: Week in Review | October 17, 2019

By Michael Drobac, Amanda Armistead, Greg Walden, Greg Guice & Taylor Gayton on October 17, 2019

Congress Returns Congress returned to Washington this week following a two-week recess and Monday’s federal holiday. Lawmakers are mourning the loss of House Oversight and Reform Committee Chairman Elijah Cummings (D-MD), who passed away this morning. Rep. Carolyn Maloney (D-NY) becomes Acting Committee Chair. Speaker Nancy Pelosi (D-CA) also announced that the House Democratic drug pricing legislation considered this week in three committees of jurisdiction will be named for Cummings. Joint Hearing on Section 230…

For Purpose Law Group Blog

Philanthropy Thought Leaders: Climate Change

By FPLG 124 Linda Rosenthal J.D. on October 17, 2019

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In Philanthropy Thought Leaders: Hot Topics (June 24, 2019), we explained how our online feeds each day bring us a continual flow of “tantalizing information; … “intriguing articles and writings with a “philosophical ‘big-ideas’ tone.” That June post highlighted a few of them discussing the nature and future of philanthropy itself. In More Thoughts from Philanthropy Thinkers (July 23, 2019), we included selected commentary on the issue of tainted donations. The Challenge of Climate…

Zalma on Insurance

Why do Courts Let Insureds Vex and Annoy Insurers?

By Barry Zalma on October 17, 2019

Evidence is Needed to Prove the Tort of Bad Faith Some people simply refuse to accept a claim denial, even after a trial court, three times found that the insured had no case. In Timothy A. Mohney v. American General Life Insurance Company, As Successor by Merger to American General Assurance Company, As Successor in Interest to U.S. Life Credit Insurance Company, J-A08011-19, No. 760 WDA 2018, Superior Court of Pennsylvania (October 10, 2019) Timothy…

Zalma on Insurance

Construction Defects and Homeowners and Mold Claims

By Barry Zalma on October 17, 2019

Needed by Every Insurance Defense Lawyer & Claims Adjuster Over the last 51 years Barry Zalma has dedicated his life to insurance, insurance claims and the need to defeat insurance fraud. He has created the following library of books and other materials to make it possible for insurers and their claims staff to become insurance claims professionals. Insurance Claims Library HOW TO BUY AN APPROPRIATE HOMEOWNERS POLICY AND SUCCESSFULLY MAKE A CLAIM TO THE INSURER…

Tax Controversy Posts

Too Little, Too Late: The Statute of Limitations is a Partnership Item

By James R. Malone Jr. on October 17, 2019

Dead statutes have a long life span in the tax world. They have a long life span because cases involving prior tax years percolate through the judicial system long after the relevant statute has been amended or repealed. Perhaps the best example is the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA), the regime that Congress created in the 1980s to streamline partnership audits. In 2015, Congress passed the Balanced Budget Act of 2015,…

Zalma on Insurance

Fake Certificate Provided to Gain Right to Work Defrauded General Contractor

By Barry Zalma on October 17, 2019

Forging a Certificate of Insurance is a Crime Every construction contract requires that subcontractors provide certificates of insurance as a condition of working on the construction project. Many subcontractors do not have liability insurance that would fulfill the requirements of a general contractor and owner of a major construction project. To get the work some are tempted to provide fake evidence of insurance. In Terrence Roberts v. The State of Texas, NO. 03-18-00224-CR, Texas Court…

Disputing Tax

International arbitration: a new avenue for challenging tax enforcement

By Kat Gregor & Ellen Gilley on October 16, 2019

In a corporate tax special report by Financier Worldwide Magazine, tax partner and tax controversy group co-founder Kat Gregor and tax controversy associate Ellen Gilley co-authored a piece that discusses international arbitration as a new avenue for challenging tax enforcement. Please click here to read the full article.…

SALT Shaker

It’s In The Way That You Use It: Massachusetts Supreme Judicial Court Applies “Great Integral Machine” Doctrine

By Chris Lee on October 16, 2019

The Supreme Judicial Court of Massachusetts held that pipes and appurtenant equipment used by a taxpayer to produce, store and distribute steam for heating and power generation were exempt from local personal property tax as manufacturing property. Affirming the Appellate Tax Board, the court applied the “great integral machine” doctrine to find that the pipes and appurtenant equipment comprised an integral part of the taxpayer’s steam production and distribution system, thereby qualifying for the manufacturing…

Zalma on Insurance

Zalma on Insurance Claims

By Barry Zalma on October 16, 2019

Ten Volumes Comprising A Comprehensive Group of Materials on Property & Casualty Insurance Claims Over the last 51 years Barry Zalma has dedicated his life to insurance, insurance claims and the need to defeat insurance fraud. He has created the following library of books and other materials to make it possible for insurers and their claims staff to become insurance claims professionals. Insurance claims professional and expert witness Kevin Quinley said about the following ten…

Larry's Tax Law

You’re Invited – NYU’s 78th Institute on Federal Taxation

By Larry Brant on October 16, 2019

The NYU 78th Institute on Federal Taxation (IFT) takes place in New York City on October 20-25, 2019, and in San Francisco on November 10-15, 2019. This year, I will be presenting a new White Paper entitled “The Road Between Subchapter C and Subchapter S – It May Be a Well-Traveled Two-Way Thoroughfare, but It Isn’t Free of Potholes and Obstacles.” We will explore the obstacles and complexities that may impede travel on this two-way…

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