Alerts
- Losing Land to Eminent Domain? Plan for Tax Consequences Using an Internal Revenue Code Section 1033 Exchange | Article, Amundsen Davis Eminent Domain AlertLosing Land to Eminent Domain? Plan for Tax Consequences Using an Internal Revenue Code Section 1033 Exchange
Under general tax rules, if the government takes your property through eminent domain and pays you condemnation proceeds, you may have to pay capital gains (or any depreciation recapture) tax if the condemnation proceeds exceeds your basis in the property. The Internal Revenue Code of 1986, as amended, however, provides an important exception.
- When Compliance May Not Be Enough: Takeaways From a $462 Million Missouri Verdict | Article, Amundsen Davis Transportation AlertWhen Compliance May Not Be Enough: Takeaways From a $462 Million Missouri Verdict
A Missouri jury recently entered a $462 million product liability verdict against trailer manufacturer Wabash National Corporation. This verdict, believed to be the largest ever arising out of an underride accident, is the result of the unique circumstances presented and peculiarities of Missouri law.
- Advancements in In-Cab Technology Leads to Privacy Concerns and Litigation | Article, Amundsen Davis Cybersecurity & Data Privacy AlertAdvancements in In-Cab Technology Leads to Privacy Concerns and Litigation
Employers have long used in-cab cameras for a variety of concerns, including protecting the driver and the public from accidents resulting from inattentive driving. Reviewing the recordings serves as a valuable training tool and can provide key evidence after a collision. However, with the advancement of artificial intelligence and machine learning technologies, and in the wake of recent prosecution of driver cases pursuant to the Illinois Biometric Information Privacy Act, employers using these devices may find themselves subject to heightened scrutiny.
- Eligibility for Significant Savings From the Sale of Qualified Small Business Stock Under Internal Revenue Code Section 1202 | Article, Amundsen Davis Tax AlertEligibility for Significant Savings From the Sale of Qualified Small Business Stock Under Internal Revenue Code Section 1202
If you own a small business, you may qualify for significant tax savings under section 1202 of the Internal Revenue Code of 1986, as amended (Section 1202). Owners or investors of certain C corporations may be eligible to exclude up to 100 percent of gains from a sale of qualifying stock held for five years. In some cases, the availability of Section 1202 may also reduce or eliminate the burden of double taxation associated with an asset sale and distribution of proceeds. If you’re preparing your company for future investors, Section 1202 qualification may also be an important factor that can make your company more attractive.
- Article, Amundsen Davis International Trade Alert,
- Article, Amundsen Davis Alert,
- Article, Amundsen Davis International Trade Alert,
- Article, Amundsen Davis Banking & Finance Alert,
- Article, Amundsen Davis Banking & Finance Alert,
- Article, Amundsen Davis Transportation Alert,
- Article, Amundsen Davis Cybersecurity & Data Privacy Alert,
- Article, Amundsen Davis Trusts, Estates & Succession Planning Alert,
- Article, Amundsen Davis Cybersecurity & Data Privacy Alert,
- Article, Amundsen Davis Trusts, Estates & Succession Planning Alert,
- Article, Amundsen Davis Intellectual Property Alert,
- Article, Amundsen Davis Reputation & Crisis Management Alert,
- Article, Amundsen Davis Transportation Alert,
- Article, Amundsen Davis Banking & Finance Alert,
- Article, Amundsen Davis Transportation Alert,
- Article, Amundsen Davis Trusts, Estates & Succession Planning Alert,
- Article, Amundsen Davis Cybersecurity & Data Privacy Alert,
- Article, Amundsen Davis Banking & Finance Alert,
- Article, Amundsen Davis Intellectual Property Alert,
- Article, Amundsen Davis Trusts, Estates & Succession Planning Alert,
- Article, Amundsen Davis Transportation Alert,
- Article, Amundsen Davis Banking & Finance Alert,
- Article, Amundsen Davis Intellectual Property Alert,
- Article, Amundsen Davis Banking & Finance Alert,
- Article, Amundsen Davis Cybersecurity & Data Privacy Alert,
- Article, Amundsen Davis Intellectual Property Alert,
- Article, Amundsen Davis Transportation Alert,
- Article, Amundsen Davis Health Care Alert,
- Article, Amundsen Davis Intellectual Property Alert,
- Article, Amundsen Davis Transportation Alert,
- Article, Amundsen Davis OSHA Alert,
- Article, Amundsen Davis Trusts, Estates & Succession Planning Alert,
- Article, Amundsen Davis Health Care Alert,
- Article, Amundsen Davis Health Care Alert,
- Article, Amundsen Davis Banking & Finance Alert,
- Article, Amundsen Davis Eminent Domain Alert,
- Article, Amundsen Davis Banking & Finance Alert,