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Tag Archives: law

LAW ELEVATED — Recent tax changes to encourage development & new investment

GRAY SWOOPE Wilson Montjoy Recent enactments of both the U.S. Congress and Mississippi Legislature have modified tax laws to encourage development and new investment. Reducing Fee-in-Lieu to $60 Million Enhances Economic Development Recruitment Tools, Mississippi has traditionally offered incentives for economic development, recognizing that new and expanding industries bring jobs and increased tax revenues, but that Mississippi must compete for ...

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BEN WILLIAMS — PowerScoring Trump’s judicial appointments in the first 18 months

Ben Williams In his first 18 months in office, President Trump placed 44 lifetime Article III federal judges on the bench. Conservative pundits praise the record. But how do the 44 confirmations really stack up? The U.S. currently has 860 congressionally established Article III judicial positions, breaking down as follows: 9 Supreme Court justices, 179 appellate judges, 663 district judges, ...

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BOB BOX — New IRS audit rules and the need to revise your partnership/LLC agreement now

BOB BOX The IRS’s new partnership audit rules took effect this year creating the need for all partnerships and most LLCs to review and revise their partnership agreements and LLC agreements. The manner in which the IRS will audit partnerships and LLCs under the new rules has dramatically changed the landscape for these entities. It is easier now for the ...

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Analysis: ‘Uniform justice’ a tall task for sentencing group

Do some Mississippi judges sentence criminals more harshly than others? Do black defendants get longer sentences than white defendants? And if so, should the state try to get judges to do something about it? Those are some of the thorny questions that could be answered by the Sentencing Disparity Task Force, a group of 14 elected officials, lawyers, judges, and ...

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THE PARTNERSHIP LAWYER — New IRC Sec. 1061 three year holding period requirement

The new tax cut and Jobs Act adds section 1061 to the Code, addressing the taxation of “applicable partnership interests.” Under the provision, if one or more “applicable partnership interests” were held by a taxpayer at any time during the tax year, some portion of the taxpayer’s long-term capital gain with respect to those interests may be treated as short ...

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Arthur J. Gallagher & Co. acquires Marchetti, Robertson & Brickell Insurance and Bonding Agency, Inc.

Arthur J. Gallagher & Co. today announced the acquisition of Marchetti, Robertson & Brickell Insurance and Bonding Agency, Inc., with offices in Ridgeland and Kansas City, Missouri. Terms of the transaction were not disclosed. Founded in 1953, Marchetti, Robertson & Brickell is a retail property/casualty broker, and employee benefits consultant/broker, serving clients throughout the United States, with a focus on the construction, bonding, transportation and forest product ...

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LAW ELEVATED — Benefit plan records retention: How long is enough?

Ask any benefits professional and he or she will likely tell you the question most frequently asked by benefit plan sponsors is: “How long do I have to keep these old plan documents?” The answer to that question depends whether the benefit plan is subject to federal law (the Employee Retirement Income Security Act or “ERISA”).  Most benefit plans sponsored ...

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Man pleads guilty to rigging bids at foreclosure auctions

Prosecutors say a businessman accused of conspiring to rig bids at public foreclosure auctions in Mississippi has become the sixth real estate investor to plead guilty in the investigation. The Sun Herald cites a U.S. Department of Justice statement as saying that Ivan Spinner pleaded guilty Monday in U.S. District Court to one charge of price fixing. Prosecutors say that from April ...

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Guilty pleas in illegal shipping of hazardous waste

Three people have pleaded guilty in federal court to illegally transporting 9 million pounds of hazardous waste from Mississippi to Missouri without acquiring the proper permits. Raymond Williams, 71, of Atlanta, the president and CEO of U.S. Technology Corp., based in Canton, Ohio, pleaded guilty Tuesday to conspiring to transport hazardous waste. The company also pleaded guilty. Daryl Duncan, 37, ...

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Artificial intelligence a game changer for the practice of law

By BECKY GILLETTE Artificial intelligence (AI) is being adopted by law firms for many different functions that can help lawyers do a better job at a lower cost, said William Painter, chief innovation officer and shareholder with Baker Donelson’s Jackson office. “These important tools allow us to be more efficient in what we do and give us additional insights into ...

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