Law Change Affects Moving, Mileage and Travel Expenses; Offers Higher Depreciation Limits for Some Vehicles

IRS provided information to taxpayers and employers about changes from the Tax Cuts and Jobs Act that affect:

Move related vehicle expenses Un-reimbursed employee expenses Vehicle expensing

Changes to the deduction for move-related vehicle expenses

The Tax Cuts and Jobs Act suspends the deduction for moving expenses for tax years beginning after Dec. 31, . . . → Read More: Law Change Affects Moving, Mileage and Travel Expenses; Offers Higher Depreciation Limits for Some Vehicles

Tax Reform: Changes to Depreciation Affect Businesses Now

IRS reminds businesses that passage of the Tax Cuts and Jobs Act may affect their depreciation deductions and taxes. Business taxpayers can generally depreciate tangible property except land, including buildings, machinery, vehicles, furniture and equipment.

Changes to depreciation and how they will affect businesses may include:

Businesses can immediately expense more under the new . . . → Read More: Tax Reform: Changes to Depreciation Affect Businesses Now

Thirteen Rules to Win the Heart and Mind of a Chapter 13 Trustee

By Helen M. Morris, Chapter 13 Trustee for the Northern and Southern Districts of West Virginia

Treat the trustee’s staff with respect.  They know what they are doing.  If they tell you that they can’t give you certain information over the phone, they are following office policy and procedures.   You may be able to . . . → Read More: Thirteen Rules to Win the Heart and Mind of a Chapter 13 Trustee

The Debt and the Lien: Two Completely Different Problems

By Douglas Jacobs

From the Bankruptcy Law Network, Attorney Jacobs gives debtor attorneys an excellent hand-out for clients with a mortgage. (Not password protected.)

Practice Pointers for Lawyers

By The Honorable Michael G. Williamson, United States Bankruptcy Court, Middle District of Florida

Although written for practitioners in his court, Judge Williamson proposes excellent practice pointers for attorneys nationwide. Click her for complete article.

Judge Michael G. Williamson was appointed to the bench on March 1, 2000. He sits as a bankruptcy judge . . . → Read More: Practice Pointers for Lawyers

Best Practices Report on Electronic Discovery (ESI) Issues in Bankruptcy Cases Is Now Available

By Richard L. Wasserman, Chair of the ESI Working Group, Venable LLP (Baltimore, MD)

Electronic discovery is a current hot topic in the litigation world, but surprisingly little has been written about it from a bankruptcy perspective in both the caselaw and commentary.  An ABA Working Group, comprised of attorneys, judges and academics from . . . → Read More: Best Practices Report on Electronic Discovery (ESI) Issues in Bankruptcy Cases Is Now Available

Help My Competition – NO WAY

By Cathy Moran, Certified Consumer Specialist, Mountain View, CA

Why should I help my competitors?

That was the query of a highly experienced bankruptcy lawyer I met at a seminar recently. I heard the same push back on one of Jay Fleischman’s listserves from a participant who didn’t want to share with others in . . . → Read More: Help My Competition – NO WAY