St. Patrick’s Day probably will generate more revelry than usual this year because it falls on Friday this week, prompting a three-day weekend of events in honor of the legendary cleric who reputedly drove the snakes out of Ireland. The ...
Read More »Private Letter Ruling addresses irrevocable trust technique
In a Private Letter Ruling (No. 200603040) issued on Jan. 20, the IRS concluded that the popular technique of making an irrevocable trust “intentionally defective” for income tax purposes by including a retained power to substitute property of equivalent value ...
Read More »Show your work: Documentation for collections
We are continuing to talk about the last area of the five areas that make up every business in the world, this fifth area is “collecting.” The other four areas that make up every business in the world are: “Clients” ...
Read More »Economic theory and the law
The social and economic “costs” of initiating and applying public policy in accordance with a particularly political or social philosophy is the focus of the law and economics school of jurisprudence. The use of economic theory to scrutinize the law ...
Read More »Surviving a tax audit
With tax time upon us, it seems fitting to discuss tax audits. Whether you are being audited personally or as a business owner, it can be an intimidating process. There is a right way and a wrong way to handle ...
Read More »AOL throws open doors on instant messaging product
America Online, the largest instant messaging provider, opened its source code up last week for developers around the world to write add-on components and additional functionality. This move toward open source coding is fairly common in the software arena. Proponents ...
Read More »Legislation needed to protect U.S. private property rights
Private property rights under the Fifth Amendment of the U.S. Constitution, long a sacrosanct principle, have come under judicial attack. The high court’s decision left the taking of private property by a government entity virtually unfettered. In Kelo v. the ...
Read More »Turn hips correctly for straight shots
A major key to the golf swing that many golfers (especially beginners) overlook is keeping their hips from swaying instead of turning with the swing. Swaying hips rob the golf swing of power and can also cause shots to head ...
Read More »Every lawyer should be part of a team
When we’re on the road to handle a trial, negotiate a deal or market our practice, there is a temptation to enjoy going it alone. The road warrior image has great mystique. But every successful lawyer is, or should be, ...
Read More »You have three options when it comes to suing a client
We are still talking about the last area of the five areas that make up every business in the world, and you know that this fifth area is “collecting.” The other four areas that make up every business in the ...
Read More »What to do when the job offer comes too soon
The bonus check has cleared, winter is half over and you are ready to “see what is out there.” Months ago you concluded that it was time to make a lateral move. One of your favorite partners has gone in-house ...
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