Initially, tracking systems were employed to monitor the private jet usage of celebrities like Taylor Swift. Now, similar scrutiny will extend to executives who utilize business aircraft for personal purposes while claiming tax deductions. IRS Initiatives The IRS...
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USDA and ODA Resilient Food Systems Infrastructure Program Announcement
In January, the U.S. Department of Agriculture’s (USDA) and the Ohio Department of Agriculture (ODA) announced a new cooperative agreement to allocate $12.4 million in Resilient Food Systems Infrastructure Program (RFSI) funds to small and mid-size food producers in...
How Third-Party Platforms Can Improve Post-Divorce Communication and Co-Parenting
Communication within a relationship can be challenging, and it becomes even more so after the relationship has ended. However, it reaches its peak difficulty during a breakup. Parties often resort to text messages or phone calls, especially when discussing matters...
Antitrust Scrutiny and Concessions: Unpacking Microsoft’s $68.7 Billion Acquisition of Activision Blizzard
In the ever-evolving world of gaming and esports, Microsoft's monumental $68.7 billion acquisition of Activision Blizzard has not only reshaped the industry but also navigated a complex path of antitrust scrutiny. Over the course of nearly two years, the deal...
Unrealized Income Under Scrutiny: Will SCOTUS Unleash Chaos on the US Tax Code?
Supreme Court Deliberation on Income Definition In December 2023, the Supreme Court considered the fundamental question: "How is income defined?" Moore v. United States centered on the question of taxation of unrealized income. Unrealized income is defined as a gain...
Safeguarding Against the Rise of Deepfake Scams: What Employers and Employees Need to Know
A recent deepfake scam has rocked the financial landscape of Hong Kong, demonstrating the extreme lengths to which cybercriminals are willing to go to defraud unsuspecting victims. This sophisticated scheme, which saw attackers coerce an employee into transferring a...
Exclusive Use of the Marital Residence During a Divorce: What Divorcing Spouses Need to Know
Navigating the intricacies of divorce proceedings can be daunting, particularly when it comes to matters like exclusive use of the marital residence. This aspect holds significant importance for divorcing spouses, as it involves temporary possession of the shared home...
Mass Arbitration as a Tennis Match: No Love Here
For the past few years, following the machinations of mass arbitrations has been like watching a tennis match. First one side hits a volley, then another returns, and on-and-on with the opposing sides continually stuck in some form of “deuce.” The Origins of the...
From Hardwoods to Courts: The Knicks and Raptors Battle Over Trade Secrets
Last year, the New York Knicks initiated formal legal proceedings against the Toronto Raptors and several affiliated coaches, alleging the illicit procurement of sensitive materials. The Knicks claimed that Ikechukwu Azotam, currently serving as the head of video and...
U.S. Department of Justice Sues the NCAA: When Will College Athletes Start being Paid?
To quote a popular singer from our college days, David Gray, “it’s all over bar the shoutin’” for the NCAA, colleges, and TV networks taking advantage of college athletes. Whether it’s further litigation, federal legislation, market forces, unionization, Jim...