In our August 2010 edition (Vol. 5, No. 2), we reported on the Tax Court case "Recovery Group, Inc." The taxpayer had redeemed the stock of a 23% shareholder and separately paid him for a one-year covenant not to compete.

A constant source of friction between the IRS and taxpayers is over the classification of workers. Are the workers employees or independent contractors?

Senator Baucus’s attempt to reinstate the generation skipping transfer tax and the 45% gift tax rate as of December 2, that we reported on last Friday, was defeated in a Senate vote Saturday morning.

We have previously reported on several cases where courts have addressed the amount of time the Internal Revenue Service ("IRS") has to assess a tax deficiency if the taxpayer overstates the income tax basis of an asset that he has sold.

Asia's economic landscape in 2025 presents a complex interplay of opportunity and transformation, driven by evolving trade relationships, technological investment, and regulatory developments. As artificial intelligence, digital platforms, and cross-border capital flows reshape industries, governments introduce new policies affecting data governance, intellectual property, and financial markets. Loeb & Loeb's Asia practice navigates this dynamic environment, providing strategic counsel across capital market

Using the powers granted by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the Consumer Financial Protection Bureau (CFPB) recently adopted a final rule that defines consumer reporting companies with $7 million or more in annual receipts as "larger participants".

The Consumer Financial Protection Bureau has announced its intention to oversee the nation's largest nonbank loan servicers, which service more than one million accounts each year, in the higher education loan market.

The Federal Trade Commission updated Congress on its enforcement and other efforts in connection with the new rules regulating debit card transactions implemented last year by the Federal Reserve Board under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

Keeping its promise to make consumer complaints available for all the consumer financial products and services it oversees, the Consumer Financial Protection Bureau yesterday announced that it has added some 90,000 additional complaints about mortgages, bank accounts and services, student loans, consumer loans, and credit cards to its online Consumer Complaint Database.

The Securities and Exchange Commission has issued a report concluding that social media may constitute legitimate means for a reporting company to make public announcements.

Companies commonly condition the payment of severance benefits upon the terminated individual's execution of an agreement containing a release of claims against the employer.

The Internal Revenue Service recently ruled that certain facility-specific power purchase agreements (PPAs) are considered part of the underlying energy facility, and are not separate property.

When Congress enacted the Modernization of Cosmetics Regulation Act in 2022, MoCRA was hailed as a sweeping overhaul of the Food and Drug Administration's...

Plaintiff Sound and Color LLC, the owner of the copyright to the 2015 song "Dancing With Strangers" (also known as "Dancing With a Stranger"), composed by Jordan Vincent and Christopher Miranda...

The National Advertising Division (NAD) recently looked at a complaint over a social media video posted by an influencer.

The OBA Principles require companies to provide clear information to consumers about their data collection and online behavioral advertising practices.

Vermont has amended its gift certificate laws (Vt. Stat. § 2701, et seq.), adding key provisions relating to loyalty, award and promotional certificates, as well as embracing the model of gift certificates that contain both a paid and a promotional value (the so-called "Groupon" model, after the popular web-based group coupon company).

As of April 26, 2013, sponsors of skill-based contests in Vermont can require an entry fee or other consideration for entry.

The U.S. Supreme Court recently held, in United States v. Home Concrete & Supply, LLC, that an overstatement of basis does not constitute an omission from gross income that results in application of the extended six year statute of limitations.

As artificial intelligence (AI) adoption accelerates across industries, its integration into robotics for manufacturing and logistics introduces complex legal and contractual risks that should be considered.