Commissioner v. Banks, Supreme Court of the United States, Justice Kennedy, January 24, 2005 [ruling that contingency fees paid to an attorney after a jury award or settlement are taxable as part of the successful plaintiff's gross income, in part...
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The US Supreme Court Monday issued rulings on the Fourth Amendment in Illinois v. Caballes and on a tax law issue in Commissioner v. Banks. In Caballes, the Court held that a driver stopped for speeding and then subjected...
DOJ to announce first criminal charges in connection with UN oil-for-food program
Attorney General John Ashcroft is expected to announce Tuesday afternoon the first charges in the governemnt's investigation into alleged corruption in the UN-administered oil-for-food program . According to Justice Department sources, Ashcroft will announce a plea agreement with...
Corporations & securities brief ~ Ex-CBS columnist settles fraud charges with SEC
In Tuesday's corporations and securities law news, Thom Calandra, former chief commentator for CBS MarketWatch , will pay at least $540,000 in penalties to settle fraud charges with the SEC . The charges stem from allegations Calandra...
Six individuals, two former AOL executives and four former executives from the now-defunct PurchasePro software company, have been charged in an ongoing investigation into a secret negotiation between the two companies to artificially increase PurchasePro's revenues. Federal...
International brief ~ Preparations under way to establish southern Sudan capital
Officials from the Sudan People's Liberation Movement have begun preparations to establish their regional capital city in Rumbek, some 560 miles south of the governmental capital city of Khartoum. The establishment of an independent southern capital in Sudan was...
The US Senate and House of Representatives Thursday rapidly approved a bill that would give a tax break to donors to tsunami relief efforts by allowing them to claim deductions in the 2004 tax year for donations made prior...
Spanish Prime Minister Jose Luis Rodriguez Zapatero said Monday that an autonomy plan passed by Basque lawmakers last week is doomed for failure and called the proposal secessionist, unconstitutional and an anomaly in a Europe moving to become more...
The Internal Revenue Service and Treasury Department issued new guidelines on Friday that enforce stricter ethical standards for tax attorneys, accountants, and others offering tax advice. The new standards require those giving advice to rely on all related facts...
Google's use of trademarked names as keywords to trigger advertising by rival companies is legal, according to a ruling Wednesday by US District Judge Leonie Brinkema. Insurance giant Geico brought suit in US District Court for the Eastern District...
