Despite the depictions of holiday parties often seen in TV and movies (think Mad Men, A Bad Mom’s Christmas, or Office Christmas Party), in today’s workplace, the wild and crazy office party should be a vestige of the past. Many employers learn the hard way that some employees view the…
A federal district court in Texas has held the Corporate Transparency Act’s beneficial ownership reporting law likely violates the U.S Constitution, justifying a stay and injunction preventing enforcement of the law pending the resolution of the case. As a result, business owners are not required to file “Beneficial Ownership Information…
On November 15, 2024, the federal court in Texas v. United States Department of Labor (“DOL”) and Plano Chamber of Commerce v. DOL, consolidated cases in the Sherman Division of the Eastern District of Texas, set aside and vacated the new federal Overtime Rule. The Texas court held that the…
The Tax Court recently held in Maggard v. Commissioner (T.C. Memo 2024-77) that an S corporation’s disproportionate distributions did not result in a disqualifying second class of stock. One of the requirements of an S corporation is that all its shares of stock have identical rights to distribution and liquidation proceeds, which…
So you have finally decided to devote some time to “making a will” after having it on your “to do” list for years, or decades. After some thought, and a couple of meetings with an attorney, you are the proud new owner of a brand-new last will and testament. Time…