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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

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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

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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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