Month: February 2022
Today we bring you a cautionary tale on the importance of carefully drafting arbitration clauses in contracts. Parties whose goal is to preserve the right to compel arbitration should be mindful to include a broad arbitration clause in each written agreement when engaging in complex, multi-agreement transactions. Otherwise, like in this case, they may find…
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Partnership divisions under IRC Section 708(b)(2)(B) can be useful in several contexts. Partnership divisions are also quirky, with distinctive requirements and results. This blog post examines those requirements and results, and the practical applications of partnership divisions. Although the topic is “partnership divisions,” everything can be applied equally to LLCs which are taxed as partnerships.[1]…
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Earlier this week, the California Legislature passed SB 114, which Governor Newsom signed today. SB 114 ushers in a new round of COVID Supplemental Paid Sick Leave (“COVID SPSL”), up to a maximum of 80 hours for most employees. This round of COVID SPSL is retroactive to January 1, 2022 and extends through September 30,…
Read MoreTax attorney Matthew D. Carlson has been promoted to shareholder at Boutin Jones Inc. Carlson has over a decade of experience in tax controversy law and was previously an attorney for the Office of Chief Counsel, IRS, where he represented the IRS in federal tax and bankruptcy proceedings. He has litigated many cases in the…
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