Recent changes in the tax law make 2020 an ideal time to review the beneficiary designations on your retirement accounts. In particular, if you have designated a trust as your beneficiary, the new legislation makes it advisable to revisit that decision to determine whether that designation is still appropriate for your estate plan. Historically, a […]
Norfolk, VA, January 1, 2020 – Crenshaw, Ware & Martin has appointed Donald C. Schultz as its new Managing Partner effective January 1, 2020. He succeeds W. Ryan Snow, who served in that role since 2012. Mr. Snow will continue his Business Disputes and Construction Law practice. Mr. Schultz serves as the Practice Group Chair […]
Despite expressing concerns about the measure at the time, New Jersey Governor Phil Murphy signed into law on June 17, 2019, a bill that creates new disclosure requirements for certain groups seeking to influence elections and government actions in New Jersey. The new law now faces a First Amendment challenge from the conservative advocacy group […]
The Firm mourns the passing of Mortimer M. Caplin, co-founder of Caplin & Drysdale. Mr. Caplin passed away on Monday, July 15, 2019, just four days after his 103rd birthday. He died peacefully in his home. Mr. Caplin lived a remarkable twentieth-century life, spanning the decades from his action as a beach master with the […]
U.S. Shareholders of controlled foreign corporations (“CFCs”) should be aware that proposed regulations issued on June 14, 2019, could significantly alter how the new Global Intangible Low-Taxed Income (“GILTI”) regime under new section 951A affects their tax bills. If finalized, the regulations would permit taxpayers to elect to exclude CFC income items subject to foreign […]
A landmark Supreme Court decision decided last week calls into question the constitutionality of local (District of Columbia, Maryland, and Virginia) fiduciary income tax regimes. Many trusts that have been treated as “resident trusts” – and thus subject to tax in the state on all of the trust’s undistributed income, wherever sourced – because of […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Jim Wehner of Caplin & Drysdale, Chartered Attorney’s. Jim has joined IR as our exclusive Insolvency Member in US – Maryland, Washington DC & Virginia. Mr. Wehner has extensive experience with disputes arising from financial products, mergers and acquisitions, intellectual property, and […]
A landmark Supreme Court decision last week calls into question the constitutionality of local (District of Columbia, Maryland, and Virginia) fiduciary income tax regimes. Many trusts that have been treated as “resident trusts” – and thus subject to tax in the state on all of the trust’s undistributed income, wherever sourced – because of the […]
Currently, Virginia employers have discretion whether to provide employees access to their employment records. However, as of July 1, 2019, an amendment to the Virginia Code will take effect requiring employers to provide copies of certain employment records to employees upon request. Specifically, pursuant to Virginia Code Section 8.01-413.1.B: Every employer shall, upon receipt of a written […]
Hello fellow members, We hope you enjoy these articles. Intellectual Property Copyright and Your Website One of the challenges of maintaining a website for your business is finding interesting content to put on it. When filling your pages, be aware of copyright law. Your work can be infringed upon or content on your websites can […]
Hi all, we hope you enjoy these articles: Business Fraud Prevention & Detection Don’t Let Trade Secrets Leave with Employees Desperate times can sometimes result in desperate measures. Fraud can result when employees are pressured to generate revenue or when they have financial difficulties. Economic espionage is defined as the theft or misappropriation of trade […]
Please take five minutes to read our April 22, 2019, newsletter, to learn about: Federal Requirements When a Product is Dangerous Six Steps to Prevent Trust From Being Betrayed Exploring the Cashless Movement in Retail Does Your Company Allow Vaping on the Job? We hope you enjoy all our articles. Cordially, William H. Shawn Co-Managing Partner