Resources
Stay in the know of company and industry updates, accomplishments and more!
Increasing Tax Basis on a Decedent’s Death
Question: My mother is terminally ill and holds a meaningful amount of property, including traditional Individual Retirement Accounts. Is there a basis step-up at her death on her IRAs and on any of my appreciated assets I may choose to transfer to her?
COVID-19 Response Plan
To our valued clients, colleagues and friends: At Schoenberg Finkel Newman & Rosenberg, we take our obligation to ensure a healthy and safe...
Another Strike Against Non-Competes / Balancing the BOTS: How to Harness the Power of AI without Falling Down the Rabbit Hole (Summer 2023)
Contributors: Norm Finkel, Robert Goldberg, Kelly Cronin
Balancing the BOTS: How to Harness the Power of AI without Falling Down the Rabbit Hole
What is ChatGPT and How Will It Affect My Business?
Business owners should be aware of the benefits and legal pitfalls that lurk under the world of Artificial Intelligence (“AI”).
Another Strike Against Non-Competes
We recently shared with you the details of a trade regulation rule proposed by the Federal Trade Commission banning non-compete agreements.
Bargain Sales to Charity
Question: I intend to sell to a charity a vacant lot that I have owned and held as an investment for many years for less than the current value. Can I take a charitable contribution deduction for the difference?
Reaping retirement plan benefits from the most tax-friendly retirement plan
Suppose you were asked to design the most taxpayer-friendly retirement plan possible. If given a choice, you would want a plan that allows for generous annual contributions. The contributions would be tax-deductible, regardless of whether or not you itemize deductions and regardless of your earnings or taxable income.
Sometimes proving the willful withholding of commissions is “f*#!ing easy”
California’s sales rep protection statute, among the nation’s strongest, mandates an award of treble damages to a rep who does not receive commissions as provided in the contract.
Navigating the Holy Hurdles of Fresh Religious Accommodation Guidelines
On June 29, the Supreme Court clarified the circumstances under which requests for religious accommodations must be granted by employers who are subject to Title VII of the Civil Rights Act of 1964 (“Title VII”).
Comparing Tax Consequences of Mutual Funds and EFTs
Question: I own a number of mutual funds. Should I be switching my investment assets to ETFs for income tax savings?
Appellate Court Holds That Lawsuit Filed by SFBBG Should Proceed and Is Not a SLAPP Suit
On May 8, 2023, SFBBG attorneys Phil Zisook and Bill Klein prevailed in an Illinois Appellate Court defamation case, Mauro Glorioso v Sun-Times Media Holdings, LLC, and Tim Novak. In the case, Zisook and Klein argued that Sun-Times’ articles defamed Mauro Glorioso and constituted false light invasion of privacy.
One of the Strongest Rep Decisions — Ever
“They will be surprised to learn that, under the default rule the Court adopts today, an at-will salesperson is entitled to commissions for any sale – here, perhaps hundreds of thousands of sales – a jury determines the salesperson ‘set in motion.’ And they will be stunned to learn that, under the default rule, the entitlement to commissions may extend years after their employment relationship ended.”