Firm Insights
The IRS announced yesterday that it will excuse some taxpayers who underwithheld or failed to pay enough in estimated tax payments during 2018. This excuse, of course, does not extend to the tax itself, but to underwithholding penalties that otherwise apply under the law. Notice 2019-11: Waiver of Penalty The IRS’s bulletin publicized that it…
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“What’s in a name?” Juliet asks in Act II of Shakespeare’s Romeo and Juliet. “A rose by any other name would smell as sweet.” Perhaps. But when it comes to beer, a Schlafly by any other name might smell as sweet but not sell as well. And that, in a nutshell (or, perhaps, in a…
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One would be hard-pressed to find someone unaware of the McDonald’s Monopoly Sweepstakes. In 1987, McDonald’s began offering Monopoly game pieces with every purchase made during the sweepstake’s period. Some game pieces were “instant winners” (entitling the customer to free menu items, like a McFlurry shake or medium fry); others were collected by customers who…
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