Succession planning is a critical aspect of managing small, closely held businesses, as the unexpected departure of a key leader can significantly disrupt operations and challenge the business's legal...
Entering into a letter of intent for an office lease agreement? Consult our playbook for valuable key provisions, alternative language provisions, and guidance for both landlords and tenants. Download...
In the complex world of M&A transactions, transition services agreements (TSAs) serve as critical bridges between deal closing and operational independence thus creating stability during organizational...
This practice note covers key legal and regulatory issues to evaluate, questions to ask, and documents to review in medical device or diagnostic technology deals, including M&A, investments, financings...
Before filing a consumer bankruptcy, individual debtors must determine their outstanding tax liabilities for purposes of completing a means test and properly filling out their schedules. Individuals must also provide copies of their tax returns to the U.S. Trustee. Various governmental units may have secured claims, priority claims, or general unsecured claims against the debtor and, with certain exceptions, are prohibited by the automatic stay from seeking payment of such claims outside of the bankruptcy. But there’s more to learn. This practice note discusses an individual debtor's considerations and responsibilities with respect to outstanding tax claims and tax returns as well as the treatment of tax claims in bankruptcy.
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