Legal Blog

Subscribe To Our Blog!

By submitting this form, you're granting Offit Kurman the permission to email you. You can revoke permission to mail to your email address at any time using the Unsubscribe link found at the bottom of every email.

The Weekly Scenario: The Primary Duties of a Trustee

Question:  What are the primary duties of my Trustee?

Read More...

Friday Factoid Quiz: Top Global Brands, Logos, and Taglines

During the span of relatively few years, a company’s brand as a stand-alone asset can become worth a significant amount of money and, in the case of the world’s leading brands, a huge amount of money. To recognize the top ranked companies on the 2019 Interbrand list of highest valued global brands, test your knowledge of the famous names, logos, and taglines:

Read More...

IRS Announces Crackdown on Development: What to Know

This content has been archived. It may no longer be relevantEver wonder how certain pieces of land are exempted from development? In areas like Washington, D.C., spots of nature are oftentimes preserved through the development process. One such mechanism is syndicated conservation easements, which confer certain tax benefits while committing to preserving land. The Internal…

Read More...

Read Delete: US Tax Rate Has Fallen

Think your taxes are high now? There’s a good chance they would have been higher a few decades ago. A newly-constructed historical database of tax payments reveals that the total tax rate (that’s federal, state, and local taxes combined) has fallen for millions of Americans since the 1980s. In fact, the majority of taxpayers—from lower-income…

Read More...

Journal of Corporate Taxation Article, "Reporting Transfers of Partnership Interests Subject to Section 1446(f)"

The Firm’s article, “Reporting Transfers of Partnership Interests Subject to Section 1446(f)”, is slated for publication in the March/April 2020 issue of the Journal of Corporate Taxation. The article provides an extensive analysis of reporting, notice and record-keeping requirements and associated penalties under the United States Internal Revenue Code of 1986, as amended (the “Code”),…

Read More...

IRS Position Unclear On Whether Crypto To Crypto Exchanges Before 2018 Qualified For Like-Kind Exchange Treatment

The 2018 Tax Act changed the like-kind exchange rules (IRC Sec. 1031) to narrow their application to exchanges of real estate properties, and not permit tax-free exchanges of personal or intangible properties. Prior to the 2018 change, many people who traded cryptocurrency coins took the position that their trades of one type of cryptocurrency coins…

Read More...

D.C. Property Management Minute: The importance of prepping third party contractors doing work in your units

When it comes to property management, the District of Columbia has a unique set of laws. Join Billy each week as he gives you advice on dealing with a common property management problem in D.C. and how to quickly solve it.

Read More...

“A Queen is Never Late” – Madonna Sued for Tardiness

Madonna is facing major backlash for showing up to her concerts hours after they are scheduled to start. She changed the start time of her show in Miami on December 17, from 8:30pm to 10:30pm. I don’t know about you, but…

Read More...

What Employers Need to Know About the New FLSA Overtime Rule and Salary Thresholds in 2020

The Fair Labor Standards Act (FLSA) is the federal law that requires certain classifications of employees to be paid an overtime premium for working more than forty hours in a week.  However, employees that perform certain job duties may be exempt from the law’s overtime payment requirements if they are paid a guaranteed weekly salary. …

Read More...

The Monday Morning Minute: Are you doing anything to discourage your tenants from enjoying their housing?

Access to Rental Housing on a fair and equal basis is a right – and it’s the law. As a property owner, management agent or if you make your living from residential real estate, spend a minute a week to protect yourself from fair housing claims and suits. Check out today’s The Monday Morning Minute.

Read More...