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Tag Archives: Jason Klimek

Legal Bytes: Hemp, CBD and cannabis — How federal laws and New York’s laws will play out for industry participants

On Dec. 20, 2018, the Agriculture Improvement Act of 2018 (Farm Bill) was signed into law. The law removed hemp from the Controlled Substances Act, meaning it is now legal throughout the United States — subject to state law — ...

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Commentary: Preparing for the Revenue Act of 2017 … or 2018

One of the cornerstones of then-candidate Donald J. Trump’s promise to “Make America Great Again” was substantial reform of the federal tax system. On April 26, President Trump introduced a single-page plan summarizing his proposals in very brief, sweeping terms. ...

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Legal Bytes: Explaining the taxation of intellectual property

What is considered “intellectual property” for tax purposes? The Internal Revenue Code (the “Code”) has a rather expansive definition of intellectual property, which includes patents, trademarks, copyrights, trade secrets, software, contractual rights, goodwill and covenants not to compete, many of ...

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