Articles

Reasonable Compensation Issues Remain On the IRS Radar Part II: S-Corporation Concerns

Our May 26, 2016 article, Reasonable Compensation Issues Remain on the IRS Radar ("Part I"), discussed how the IRS scrutinizes the reasonableness of compensation payments made to C-corporation shareholder-employees.  …

A Bi-Partisan Agreement to Expand EPA Authority to Regulate Toxic Substances

Written By Amy P. Wang

Rarely do both sides of the legislative aisle in Washington join in overwhelming approval to expand the authority of the Environmental Protection Agency ("EPA").  Recently, the House of Representatives and Senate did …

BREXIT: Unchartered Territory for EU and UK Data Protection Standards

So what changed on June 23, 2016? Maybe everything, and then again, maybe nothing at all.  The UK is leaving the EU.  While this decision will have far reaching implications for years to follow, it may be far les…

Short Session of the North Carolina General Assembly Fuller Than Your Tall Latte

Written By Whitney Campbell Christensen, Lee C. Hodge, and James W. Norment

This year's short session of the North Carolina General Assembly is well underway.  Though the session might turn out to be short in length (stay tuned!), it has not been short on excitement, surprise, or debate. …

TAKEN! Historic Eminent Domain Decision: NCDOT Must Pay When it Files a Transportation Corridor Protection Map

Written By Ryal W. Tayloe and Jeremy M. Wilson

On June 10, 2016 the North Carolina Supreme Court affirmed the decision of the North Carolina Court of Appeals in the case of Kirby v. North Carolina Department of Transportation. The North Carolina Supreme Court unanimou…

A Win for Creditors: Supreme Court Expands the Meaning of Actual Fraud for Bankruptcy Discharge

Written By Lance P. Martin

The United States Supreme Court recently decided a case that will be a powerful tool for lenders dealing with borrowers who engage in schemes to avoid payment of their debts, such as an improper transfer of their assets be…