The Internal Revenue Code contains over 100 provisions penalizing taxpayers for various acts of noncompliance. Certain penalties are expressly subject to “assessment” by the Internal Revenue Service (IRS) and therefore governed by administrative collection procedures, including the imposition of liens and levies. By contrast, other penalties can only be collected…

Noncompete Ban Won’t Leave Employers Defenseless, FTC Says | Corporate Counsel Page Printed From: https://www.law.com/corpcounsel/2024/05/15/noncompete-ban-wont-leave-employers-defenseless-ftc-says/ Photo: Diego M. Radzinschi/ALM ANALYSIS In a hearing Tuesday, agency staffers provided reassurance to rattled businesses, noting that other tools remain at their disposal to protect IP and investments in training. May 15, 2024 at…

Womble Bond Dickinson will have its first new U.S. leader in nine years when finance lawyer Merrick Benn succeeds chairperson and CEO Betty Temple early next year. The trans-Atlantic firm on Wednesday announced Benn, who is based in the firm’s Baltimore office, will begin his term on Jan. 1, 2025, following his…

Bryan “Marty” Waugh, who worked as a private pilot for British billionaire Joe Lewis and was charged with securities fraud alongside Lewis in 2023, pleaded guilty to one count of tax evasion in the Southern District of New York on Tuesday. Accompanied by his counsel, Krieger Lewin partner Daniel Noble,…

An insurer for the city of Miami filed a lawsuit in a federal district court in South Florida seeking a declaratory judgment that it has no duty under its insurance policies to defend, and, therefore, to pay out money in response to litigation largely involving one city commissioner. Rory Eric…

Donald Trump’s former personal attorney endured an initially blistering cross-examination Tuesday, in which the ex-president’s lawyers attempted to discredit the witness as a convicted liar who desperately wants to see their client in handcuffs. Defense attorney Todd Blanche opened the cross in an aggressive manner, noting he and Michael Cohen…