Recent IRS Interim Guidance Provides That It Is Not Too Late For Your Willful Clients To Voluntarily Disclose Their Offshore Accounts, But Penalties Abound
February 11, 2019
by Anton L. Janik, Jr.
The Internal Revenue Service has had a long-standing practice of providing taxpayers with potential criminal exposure a means to come into compliance with the law and potentially avoid criminal prosecution through the making of a voluntary disclosure of their domestic or offshore noncompliance…
Increased Estate/Gift Tax Exemptions Under TCJA: No-Clawback, but Use it or Lose It
February 11, 2019
by Christopher T. Rogers
The Tax Cuts and Jobs Act (“TCJA”) passed in December, 2017, doubled the estate and gift tax basic exclusion amount from $5.0 million to $10.0, coupled with a cost of living adjustment. For 2019, the basic exclusion amount is $11.4 million. Unless extended, the increased basic exclusion amount…
MLB's Bid for Disney's Regional Sports Networks
February 11, 2019
Amid the frozen free agent market this hot (cold) stove season is a potential transaction that, while not necessarily dictating the headlines, could have significant positive effects on how Major League Baseball (MLB) games are watched—while positioning MLB to better control its content in the…
Natural Gas Pipeline/Clean Water Act: Federal Appellate Court Addresses Challenge to New York Denial of 401 Certification
February 11, 2019
by Walter G. Wright, Jr.
The United States Court of Appeals for the Second Circuit (“Court”) addressed in a February 5th Summary Order (“Order”) the New York State Department of Environmental Conservation’s (“NYDEC”) denial of a Section 401 Clean Water Act Water Quality Certification. See Natural Fuel Gas Supply…
Bastrop, Louisiana, Wood Pellet Manufacturing Facility Permit Renewal Modification: Louisiana Department of Environmental Quality Final Permit Action
February 11, 2019
by Walter G. Wright, Jr.
The Louisiana Department of Environmental Quality (“LDEQ”) issued a Response to Comments/Notification of Final Permit Action (“Notification”) regarding the Morehouse BioEnergy, LLC (“Morehouse”) wood pellet manufacturing facility near Bastrop. Louisiana. The Notification addressed the proposed…