Tennessee Governor Bill Lee delivered the State of the State address on February 5, 2024, in which he said, "[w]e will also propose tax cuts again by simplifying our franchise tax...

If a severed mineral interest is abandoned of record under the Ohio Dormant Mineral Act (DMA),[1] but you believe that the procedure was ineffective, can you purchase...

Every state provides several state and local tax exemptions, credits, abatements and incentives for taxpayers engaged in manufacturing and various types of industrial processing.

Section 1202 provides for a substantial exclusion of gain from federal income taxes if a stockholder transfers QSBS in a taxable sale or exchange.

The bankruptcy court applies Kentucky's borrowing statute, KRS § 413.320, to determine the applicable statute of limitations for the debtor's defamation, breach of contract, and fraud claims.

The fraternity of state Attorneys General will be getting two new members in 2020. In November 2019, Kentucky elected Daniel ...

Imagine if a minor shift in your organization's status—something seemingly superficial, like the spots of a leopard—could lead to serious financial upheaval. For sponsors of eligible 457(b) plans...

The Coronavirus Aid, Relief and Economic Security (CARES Act), signed into law on March 27, established the Employee Retention Tax Credit (ERTC),

The district court affirms the bankruptcy court's order enjoining the transfer of certain equity interests in the reorganized chapter 11 debtor because it violated the terms of the confirmed plan.

Nearly 100 years ago, the Federal Arbitration Act (FAA) was enacted on the straightforward principle that "arbitration agreements are enforceable." Since its enactment, the meaning and scope of the FAA continues...

In an earlier article titled "Rollover Equity Transactions 2019," we discussed the various business and tax issues associated with transactions involving private equity (PE) buyers...

Given the projected loss in tax revenue in 2020, and beyond, due to the COVID-19 pandemic, states are looking for ways to stop the bleeding, including through typical methods (e.g., raising tobacco, fuel and other excise taxes) ...

With the corporate tax rate reduced from 35% to 21%, we have experienced a heightened awareness that Section 1202 allows business founders and investors to exclude millions of dollars of otherwise taxable gain when they sell QSBS ...

In Loper Bright Enterprises v. Raimondo, the U.S. Supreme Court overruled its 40-year-old precedent known as the "Chevron doctrine." Under Chevron, federal courts...

On April 1, 2015, Kentucky Governor Steve Beshear signed into law House Bill 440, which includes several significant additions and changes to Kentucky's business entity laws.

At 5,593 pages, the Consolidated Appropriations Act, 2021 ("Act") is the longest bill ever passed by Congress. The Act was signed into law by President Trump on December 27, 2020.

In 2021 the West Virginia State Tax Division published a document entitled "Sales and Use Tax for Streaming Services."

In a significant move aimed at bolstering consumer protection and ensuring fair competition, the Federal Trade Commission (FTC) has finalized the Trade Regulation Rule...

Only the issuance of "stock" triggers the running of Section 1202's five-year holding period and only a seller of "stock" can claim Section 1202's gain exclusion.

Many small businesses are structured as pass-through entities for federal income tax purposes.[1] Well known examples include partnerships, limited liability companies, and corporations that elect