Firm Insights

Three Factors to Consider in Forbearance Agreements: Waiver of Claims, Additional Collateral & Actual Forbearance by the Bank

By R. Thomas Avery / March 5, 2020 / Comments Off on Three Factors to Consider in Forbearance Agreements: Waiver of Claims, Additional Collateral & Actual Forbearance by the Bank

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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It’s Official (Sort Of): Virtual Currency Need Not Be Reported on FBARs

By Sanford J. Boxerman / February 18, 2020 / Comments Off on It’s Official (Sort Of): Virtual Currency Need Not Be Reported on FBARs

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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Gin & Pelotonic: An Exercise in Restraint

By Brian J. Sabin / December 13, 2019 / Comments Off on Gin & Pelotonic: An Exercise in Restraint

Peloton, a seller of stationary bikes and other exercise equipment, recently released a now-infamous commercial titled “The Gift That Gives Back.” The 30-second ad, which has received over 8 million views as of this blog post, features an already fit wife, portrayed by actress Monica Ruiz (also known as the “Peloton Wife”), who receives a…

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