Firm Insights

Part II-C of Bittner: The Dark Lining Behind the Silver Cloud

By Sanford J. Boxerman / February 28, 2023 / Comments Off on Part II-C of Bittner: The Dark Lining Behind the Silver Cloud

This morning, the Supreme Court issued what lawyers correctly regard as a taxpayer-friendly opinion in the case of Bittner v. United States. In that case, by a vote of 5-4, the Court held the maximum penalty that the Government can impose upon a person who nonwillfully fails to file FinCEN Form 114, “Report of Foreign…

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The Power of Mediation: The Path to Healthy Resolution

By Mark E. Goodman / February 6, 2023 / Comments Off on The Power of Mediation: The Path to Healthy Resolution

In many cases, clients (even the ones who win) wish that they had found an alternative to litigation. I have concluded that the best and most cost-effective way to avoid litigation is EARLY mediation. I implore you to seek a serious structured effort early to resolve the dispute through mediation before legal bills and emotional…

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Maintaining S Corporation Status – Getting Easier and Less Costly

By Laura E. Krebs Al-Shathir / January 11, 2023 / Comments Off on Maintaining S Corporation Status – Getting Easier and Less Costly

Preventing a late or invalid S corporation election or termination is a high priority for S corporations, their owners, and their advisors. It requires relentless attention to detail because the very existence of an S corporation involves a proverbial minefield of traps for the unwary. Subchapter S (Internal Revenue Code §§ 1361-1379) is filled with…

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