Taxation & Estate Planning

CA1: forfeiture in employee stock plan okay
Weems v. Citigroup. No. 06-2565 (7/24/08). This is a pretty large MDL case, in which the plaintiffs claim that it is wrong for their employer to give them the option of receiving part of their salary as stock (at a...

Gifts: Who Pays The Tax
Californians making gifts often believe the federal gift tax is paid by the recipient/beneficiary. Unfortunately, it is the one making the gift who pays the tax. Tax free gifts are possible, however.

The financial crisis: No downside for executives who have been paid millions
It?s easy to blame short sellers for troubles in the stock market. After all, they make money when a stock?s price goes down. That?s bad, right? No, not really. It?s no worse than the longs holding stock and hoping a company has good news so they can profit from stock prices going up...

IRS Allows Favorable Gift Treatment for S Corp
This from Professor Chistopher Hoyt at the UMKC Law School, with good news for S Corporation owners:The IRS released a revenue ruling that confirmed many of our hopes  regarding charitable gifts of appreciated property by a Subchapter S corporation...

NYSE, ASE Announce Merger
New York Stock Exchange Euronext announced a merger with American Stock Exchange for $260 million in stock and the proceeds from the sale of ASE headquarters. The ASE business in recent years has focused on stock options and ETFs; it...

The sale of an asset by a successor trustee does not cause ademption
A father created a self-trusteed revocable trust which made specific gifts of stock in a closely held corporation to his two sons. After the father was adjudged to be incapacitated, the court appointed a professional conservator who was then appointed...

Stock Splits and Reverse Stock Splits
How splits can affect stock value

MRV Communications, Inc. 401(k) / ERISA Stock Fraud
MRV Communications, Inc. 401(k) / ERISA Stock Fraud

Texron Inc 401(k) / ERISA Stock Fraud
Texron Inc 401(k) / ERISA Stock Fraud

MGM Mirage 401(k) / ERISA Stock Fraud
MGM Mirage 401(k) / ERISA Stock Fraud

Rentech, Inc, 401(k) / ERISA Stock Fraud
Rentech, Inc, 401(k) / ERISA Stock Fraud

PrivateBancorp, Inc 401(k) / ERISA Stock Fraud
PrivateBancorp, Inc 401(k) / ERISA Stock Fraud

Align Technology, Inc. 401(k) / ERISA Stock Fraud
Align Technology, Inc. 401(k) / ERISA Stock Fraud