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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?
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
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”).
We recently shared with you the details of a trade regulation rule proposed by the Federal Trade Commission banning non-compete agreements.
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?
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.
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.
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”).
Question: I own a number of mutual funds. Should I be switching my investment assets to ETFs for income tax savings?
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.
“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.”