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In re Bilski, 2008 U.S. App. LEXIS 22479

Applicants' claim for a method of hedging risk in the field of commodities trading was not patent-eligible subject matter under 35 U.S.C.S. § 101 because the applicants sought to claim a non-transformative process that encompassed a mental process...

Neil Aragones
North Carolina Chosen as Site of Apple’s New Data Center Following Enactment of North Carolina Senate Bill 575

On Wednesday, June 3, 2009, the office of the Governor of North Carolina announced that the state will be the site of Apple’s new data center, a project that is expected to receive more than $1 billion in investment dollars from Apple over nine...

Richard Niles
Does Social Security Solvency Require Payroll Tax Hikes And/Or Benefit Cuts?

The 2009 report of the Board of Trustees of the Social Security Trust Funds states that expenses are outpacing income for Medicare and Social Security. To make up the shortfall, the report suggests either cutting benefits or raising payroll taxes. The...

Richard A. Jamison
Estate Planning Idea: Would a GRAT Work for You?

My wife and I run a small business. This may sound like a foolish thing to do but several years ago, we chose to do it. So now we work more hours each week than we did when we were with a major wirehouse, but we do it for us. We were prepared for this...

Jones Day Tax Practice Group
The New Cancellation of Debt (COD) Deferral Election

In this Emerging Issues Analysis, four partners from the law firm of Jones Day offer their perspective on new section 108(i) of the Internal Revenue Code. The new provision creates a mechanism that will allow many borrowers to substantially reduce or...

Tags: Bankruptcy
Patricia Tyler
What the Immediate Future Looks Like for the Estate Tax

For all those expecting or maybe just hoping to see a break in the estate tax in 2010, the likelihood of a zero estate tax is lessening every day. All evidence points to an extension of the estate tax at 2009 levels. President Obama’s FY2010 budget...