When a business files for bankruptcy and liquidates its assets, the occurrence of which is increasing tremendously with the distressed economy, the debtor or an appointed trustee normally seek to recover what are called avoidable or preferential tran… Read More

Did you buy a new home and can’t sell your old one because of the depressed real estate market? Do you know someone who was forced to relocate for a new job but cannot sell their home? These scenarios are increasing for a number of reasons; and wit… Read More

Are you looking for a new source of venture capital to start a new business? The IRS, through a private letter ruling, has approved the use of retirement plan benefits to fund a new business start up. Let’s assume that you have retirement benefits… Read More

The Jackson and US Chambers of Commerce oppose the current health care reform proposal which is before the US Congress because of the burden it will place on already financially-strapped businesses. In a recent “Call to Action” to its members, th… Read More

A recent Tax Court decision held that investors in certain businesses could deduct losses associated with those businesses against salary and investment income. This decision goes against a long-standing position taken by the IRS that such losses cou… Read More

Many of us frequently use email and other electronic means of communication everyday, therefore it is extremely important to understand the legal consequences of such communications. Because of the broad terms of the Uniform Electronic Transactions A… Read More