Resources
Stay in the know of company and industry updates, accomplishments and more!
Establishing Disability Insurance Program for Employees
Question: I own and operate a small business and am trying to determine how best to establish an insured disability insurance program for the company employees. If an employee becomes disabled and receives benefits from the insurance company, will the employee be taxed on the benefits received?
The Illinois Biometric Information Privacy Act / Illinois Supreme Court Tackles Richard Dent’s Efforts to Discover Identities of Witnesses (Spring 2022)
Contributors: Richard Goldwasser, Adam Glazer
The Latest in the Ongoing Saga Between BI-QEM and its Rep Company
A well-reasoned 2021 court decision handed down by the federal court in Newark demonstrates a sales rep’s broad eligibility to recover unpaid sales commissions.
Minimizing Taxes When Purchasing and Selling Sales Organizations
Like other businesses, sales representative organizations are purchased and sold for a variety of reasons. What distinguishes sales representative organizations in the purchase and sale context is that the owners generally do not sell their businesses to unrelated third parties.
Post-Mortem IRA Withdrawal Strategies
Question: I am the beneficiary of my uncle’s IRA who died at age 65. What is the best way for me to withdraw money from the account?
SFBBG Wins Dismissal of Federal Wiretap Suit
On April 25, 2022, SFBBG’s Norm Finkel and Matthew Tyrrell obtained a victory on behalf of a firm client in a federal suit asserting that the client violated the federal wiretap act and engaged in other tortious conduct.
Second Installment Property Tax Bills Likely To Be Delayed
Within the last two weeks, the Cook County Assessor has issued decisions and certified 2021 assessments in eight townships. Some of these townships saw their initial assessments published as long as eight months ago.
Tax Savings on Business Contract Sales
Question: My wife and I hold contracts to provide property management services to real estate owners. Are we entitled to capital gain treatment if we sell these contracts or do we need to form a limited liability company to do so?
SFBBG Provides Legal Guidance at the 2022 ERA Conference
In the last week of February 2022, the Electronics Representatives Association (“ERA”) held its much anticipated, long-awaited, first in-person industry event since COVID at the AT&T Center on the University of Texas campus in Austin, Texas.
Reducing Estate Tax with Spousal Portability
Question: Should I file a Federal estate tax return for my wife’s estate even though the value of her assets is less than the estate tax exemption?