Exclusions to the Net Investment Income Tax
Since its enactment on March 30, 2010, in connection with the Affordable Care Act, Section 1411 has assessed an additional 3.8% income tax on individuals,…
Federal Income Tax Update
1. Taxpayer Denied a Bad Debt Deduction even though the Borrower had Cancellation of Debt Income; Kelly v. Commissioner, 139 F.4th 854 (9th Cir. 2025).…
Protecting the Digital Fortress: Data Privacy and Cybersecurity in Today’s Law Firm
In an era defined by relentless digital evolution, law firms are entrusted not only with safeguarding justice but also with safeguarding data. From…
Breaking Up is Hard to Do: Professionalism in Attorney Departures
Few moments test the professionalism of lawyers and law firms more than a lawyer’s departure. While the North Carolina Rules of Professional Conduct — and…
Installment Sale Notes Owned by S Corporations
When an S corporation sells its assets, often part of the purchase price is paid via a promissory note issued by the buyer. These promissory notes are part of…
The Annual H. Brent McKnight Renaissance Lawyer Award
Each year, beginning in January, the North Carolina Bar Association Professionalism Committee reviews nominations for the H. Brent McKnight Renaissance Lawyer…
Lean In, Link Up: The Young Lawyer’s Guide to Leadership
Back on September 13, 2025, I found myself in a lively conversation with community leaders in Durham at a Meet and Greet with the City of Durham’s Human…
Checking In: December 16, 2025
Compiled by Jessica Junqueira Baker Donelson Opens New Office in Winston-Salem Baker Donelson has opened a new office in Winston-Salem. Fourteen attorneys…
Retirement
I recently had lunch with a good friend where I, for the first time, spoke seriously about my retirement. By way of background, I am fifty-one years old and…
Breaking Barriers: A Fresh Start for North Carolinians
Sometimes, the biggest breakthroughs come from the smallest changes. Session Law 2025-54 might not make the evening news, but for thousands of North…