Skip Navigation

Practice Area Blogs & Digests

Legal Blogs

Most Recent Blog Posts


Warren Targets Private Equity

The Restructuring Report

November 4, 2021

Senator Elizabeth Warren recently introduced a bill that would dramatically reshape the private equity industry and create new tools and protections for creditors.

View Details

Do Single-Member LLCs Need to File Tax Returns in Chapter 11 Cases?

The Restructuring Report

November 4, 2021

If a debtor is a single-member LLC that is treated as a disregarded entity for tax purposes, does the debtor need to file a tax return to comply with 11 U.S.C. § 521(j). If the debtor hires an accountant to prepare and file a tax return for the debtor’s single-member owner due to the debtor’s disregarded entity status, can the bankruptcy estate compensate the accountant?

View Details

It’s Not Easy Being Green: The Complicated Web of State Taxation and Renewable Energy Projects

Let’s Talk About Tax

November 4, 2021

With a changing planet and generous federal tax incentives, renewable energy projects are increasing in both number and size. So naturally, states want their fair share of tax revenue.

View Details

Saying Farewell to Minnesota? What’s Your Story?

Let’s Talk About Tax

October 28, 2021

You are moving to another state, but will keep some Minnesota ties (e.g., maintain a house or cabin in Minnesota, spend summers in Minnesota, remain employed by a Minnesota company). Will the Minnesota Department of Revenue agree that you actually moved?

View Details

Is an Employee Stock Ownership Plan (ESOP) Right for Your Business?

Let’s Talk About Tax

October 15, 2021

Many business owners, especially owners who are thinking of selling their business, wonder if an ESOP is a good ownership transition option for them. The answer is not always easy to determine but an ESOP is something that should be explored.

View Details

A Call to Action Over the Minnesota Department’s Proposed Rule on Audit Records

Let’s Talk About Tax

October 7, 2021

Having spent more than a decade working with taxpayers and Department employees on sales and use tax audits and refund requests, I find that responding to documentation requests from the Department can either be an exercise in pragmatism or an exercise in preventing auditors from murdering a taxpayer’s business by a thousand cuts. The reality is that accumulating and providing documentation is easier for some taxpayers than for others. Similarly, the requirements laid out by some states, or by some auditors, are more burdensome than by others.

View Details

Can the IRS Really Take My House?

Let’s Talk About Tax

October 1, 2021

One of the largest sources of stress for a taxpayer with significant federal tax debts is whether the IRS can take his or her house. For many taxpayers, the family residence is the most important source of their wealth. In addition, it is not just their house, but their home—a source of happiness and joy and family community. The prospect of losing a home therefore not only threatens financial loss, but it is often emotionally taxing as well.

View Details

Is a Legislative Crackdown Coming on Third Party Releases in Bankruptcy Plans?

The Restructuring Report

September 24, 2021

Third-party releases headline news stories about major chapter 11 cases, including Purdue Pharma and the Boy Scouts of America. Will Congress consider a bill that would restrict the use of third-party releases?

View Details

Federal District Court of Minnesota Holds that Disgorgement of Chapter 11 Professional Fees Not Allowed

The Restructuring Report

September 24, 2021

When a case is administratively insolvent, can a trustee force estate professionals to disgorge compensation paid pursuant to a court’s order approving such compensation?

View Details

The Importance of State Laws and the Evidentiary Record in Fraudulent Transfer Analysis

The Restructuring Report

September 24, 2021

A recent court decision, Mendelsohn v. Roslyn, provides important lessons for pleading and proving fraudulent transfer claims.

View Details

All Legal Blogs

 

The Ticker: Connecting you to issues affecting public companies

Let's Talk About Tax Alerts

Internet, Technology, Trademark & Advertising Alerts

The Restructuring Report Alerts