The ALI Restatement of the Law, Charitable Nonprofit Organizations (the “Restatement”) provides: “A fiduciary of a charity has a duty to: … [a]ct in good faith and in a manner the fiduciary believes to be in the best interests of
SALT Scoreboard – Third Quarter 2022
This is the third edition of the Eversheds Sutherland SALT Scoreboard for 2022. Since 2016, we have tallied the results of significant taxpayer wins and losses and analyzed those results.
View our Eversheds Sutherland SALT Scoreboard results from the third
Would Ron Swanson’s Will Be Valid Under Texas Law?
Testing the Simplicity of Wills, Ron Swanson’s Will Also Puts Texas Estate Law to the Test
Wills are complicated legal documents that should be carefully crafted with several terms and many details that cover at least a couple of pages
No Need for Fiduciary Relationship Between Agent and Insured
Insurance Agent Must Fulfill Requests Made by Insured
See the full video at https://rumble.com/v1rzphc-no-need-for-fiduciary-relationship-between-agent-and-insured.html and at https://youtu.be/Tgl1c14K66o
Donald Isken (“Mr. Isken”), sued Rick Galster III Insurance Agency, Inc. (“Galster Insurance”) seeking monetary damages for negligence, fraudulent inducement, and fraudulent misrepresentation.
Carter Ledyard and Plan A Advisors Publish Series Exploring Boards and Bylaws for Nonprofit Organizations
Carter Ledyard and management consultants Plan A Advisors have launched a series of insights for nonprofit boards and bylaws. The first in this multi-part series aiming to help nonprofit executives and board members is an overview on how to consider
Nonprofits in NYC Required to Include Good Faith Salary Range in All Job Postings
NYC Salary Transparency Law (City Council Local Law 32), which took effect on November 1, 2022, requires businesses (including nonprofits) in NYC to include a “good faith” salary range in all job postings. The purpose of the law is to
IRS Requests Comments on Additional Aspects of Energy Tax Credits
On November 3, 2022, the U.S. Internal Revenue Service (IRS) issued three additional notices requesting public input on key aspects of climate and clean energy tax provisions in the Inflation Reduction Act. Here is list of, and links to, these
Your Options for Handling Back Taxes
Many people don’t know the options that are available to them when dealing with back taxes and the IRS.
Back taxes are a nightmare for anyone that owes the IRS money without the means of paying it. If you are
Italy’s Substituted Tax Regime Applies in Case of Partly Italian-Source, Partly Foreign-Source Income
In its Ruling n.83 of February 14, 2022, the Italian Tax Agency confirmed that Italy’s substituted tax regime (so-called flat tax, or forfeit) for high net worth individuals applies in a case in which international executives or managers of multinational
U.S. Treasury Announces $5 Billion Allocation of New Markets Tax Credit Awards
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) on Oct. 28 announced $5 billion in New Markets Tax Credit (NMTC) awards with the goal of economically revitalizing low-income communities across the country. Particular outcomes the