Firm Insights
A federal court of appeals has just upheld a $6.5 million verdict against a real estate developer who destroyed the graffiti displayed in and on some dilapidated warehouses he owned in Queens, New York. Specifically, the court ruled that the developer willfully violated the Visual Artists Rights Act in 2013 when he whitewashed the graffiti…
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Business borrowers that find themselves in default on a promissory note or other credit facility may be asked by the lender sign a “forbearance agreement.” Often, these are presented by the lender as a generous concession on their part in order to give the borrower additional time to try to work its way out of…
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Ever since virtual currencies such as Bitcoin appeared on the scene, a multitude of questions has followed in their wake concerning the tax treatment of these new types of assets. Over the past decade, the IRS has been slow to issue guidance to taxpayers on these issues. Past IRS Guidance to Taxpayers But for high-level…
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