The tax reform signed into law in December 2017 will have a significant impact on tax-exempt organizations nationwide, substantially increasing the amount of income that may be subject to tax. It is important that organizations are acutely aware of the changes in the law and, more importantly, the changes in the amount of income that […]
Richard Bar and Katie Meyer, Principals in GKG Law's Association Practice Group, will speak at the 2018 ASAE Association Law Symposium in Chicago, IL on August 18, 2018. Rich will participate in the "Board Governance" session, along with Peggy Smith, President & CEO of Worldwide ERC®. They will discuss the legal and practical requirements necessary to comply with sound and expected […]
Richard Bar and Katie Meyer, Principals in GKG Law's Association Practice Group, will speak at the 2018 ASAE Association Law Symposium in Chicago, IL on August 18, 2018. Rich will participate in the "Board Governance" session, along with Peggy Smith, President & CEO of Worldwide ERC®. They will discuss the legal and practical requirements necessary to comply with sound and expected […]
In the age of internet banking, hackers accessing online banking accounts is a widespread problem. One common fraud scheme involves obtaining a business’s bank account login information and then replacing intended beneficiary account numbers with account numbers belonging to the hacker or his or her accomplice. The account numbers could be swapped on scheduled outgoing […]
GKG Law's Steve Fellman, Principal in the firm's Association Practice Group, taught a course on "Legal Issues in the Textile Services Industry" at the 2018 Executive Management Institute sponsored by the Textile Rental Services Association (TRSA). More information can be found here.
GKG Law frequently represents aircraft owners in contesting the validity of notices of liens filed with the FAA relating to their aircraft. Many aircraft owners face issues relating to FAA lien filings that create a “cloud” on the title to their aircraft. Often, such a cloud arises when vendors that have provided services relating to […]
GKG Law’s Ed Greenberg recently won a major victory for non-vessel operating common carriers (“NVOCCs”) in regard to the overturning of specific long-standing Federal Maritime Commission (FMC) regulations. In response to a petition filed by Ed, on July 19, 2018 the FMC issued a final decision agreeing to ease tariff related obligations on NVOCCs by […]
Over the past year, GKG Law has witnessed successful results for clients that are good reminders that non-profit organizations and associations should continually re-evaluate their tax positions and be cognizant of potential errors by the IRS. Successfully Challenging Outdated UBI Determinations In June 2018, a non-profit association (the “Association”) received a refund of nearly $2 […]
The District of Columbia Office of Tax and Revenue (“OTR”) has become aggressive in challenging Taxpayer’s self-determinations that they are Qualified High Technology Companies (“QHTCs”) and thus exempt from the District of Columbia’s corporate franchise tax. GKG Law recently represented a Taxpayer who received a Notice of Proposed Assessment of Tax Deficiency (“Proposed Assessment”) against […]
Recently, GKG Law successfully assisted two clients with navigating challenges to adverse Unrelated Business Income (“UBI”) determinations made by the Internal Revenue Service (“IRS”). Combined, these saved our clients’ almost $2.4 million in taxes in 2018 alone. The first resulted in a nearly $2 million tax refund and future tax savings of hundreds of thousands […]