IRS issues guidance on new nonqualified deferred compensation rulesBy J. Paul JacobsonCorporate Law Departments, January 2005On December 20, 2004, the IRS released Notice 2005-1, containing guidance on new Internal Revenue Code Section 409A, which accelerates income taxation and imposes penalty taxes on individuals covered by deferred compensation plans that do not comply with its requirements.
IRS liaison updateBy Thomas F. ArendsFederal Taxation, May 2005The editorial staff of the Newsletter would like to inform members of the Federal Taxation Section that Mr. Thomas Arends and Mr. William Gasa of the Section Council currently serve as liaisons for the Section to the Internal Revenue Service.
IRS proposes regulations on designated Roth contributions to 401(k) plansBy Alec Dike & Francis GrealyCorporate Law Departments, May 2005The IRS has issued proposed amendments to the 401(k) and (m) regulations that would provide guidance on designated Roth contributions under Internal Revenue Code Section 402A, added by the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA).
Is there third-party discovery in arbitration?By John GilbertAlternative Dispute Resolution, February 2005The subject of discovery has received a lot of attention in the past few years because of the expense involved.
Is there “value” in a “valuation”?By Bart A. BasiBusiness Advice and Financial Planning, February 2005The client, an owner of a small industrial shop, had poured blood, sweat and tears into the Company but without any heirs, decided that now was the proper time to sell.
ISBA Inaugural Golf Classic updateBy Gina M. ArquillaYoung Lawyers Division, October 2005Eight years ago, Franco Coladipietro (former YLD chair), Frank DiVito (former YLD chair), and Scott Guetzow recognized and appreciated a growing concern in our courthouses.
ISBA Law Student Division prepares for another great yearBy Chris S. Haaff & Robert FinkYoung Lawyers Division, October 2005The ISBA Law Student Division has started working on opportunities and activities for the 2005-2006 law school calendar.
ISBA MentorCenter a stepping stone to successBy Roberta C. ConwellYoung Lawyers Division, October 2005If you’re not working for yourself, you’re dead in the water!” Thus spoke the experienced lawyer to the newly admitted, mother-of-six lawyer who was finding it all she could do to drag herself to the job everyday. The words stuck in my head for six years while I worked for a giant corporation handling leasing and zoning. I pictured myself a dead fish, floating on my side. Dead in the water. As if that wasn’t bad enough, I was feeling like another kind of animal too—a chicken.
The ISBA MentorCenter ProgramBy Jeffrey A. MolletAgricultural Law, February 2005One of the best programs to come along in awhile is the ISBA's Volunteer Mentor Program. As stated on the ISBA Web site (where the information below originated), this is a "program designed to connect experienced ISBA lawyers with any member attorney but especially new or young attorneys who are seeking assistance with substantive law questions or balancing the personal and professional demands of practice."
ISBA newsletter authors can receive CLE program discountsHuman and Civil Rights, December 2005The ISBA announces its new newsletter article authors CLE discount program. Program rules provide that during the 2005-2006 publishing year, the author of a published substantive ISBA newsletter article of at least 500 words can receive a non-transferable discount certificate redeemable for a 20 percent discount off the tuition for an ISBA-sponsored CLE program of their choice with a limit of five such discount certificates for the publishing year.
ISBA recognizes senior government lawyersGovernment Lawyers, June 2005Fllowing the Committee on Government Lawyers' CLE presentation "Basics of the Legislative Process" on March 7, 2005, the committee hosted a networking reception in Springfield to honor nine Senior Government Lawyers for their years of service-to government and to the bar.
ISBA YLD selects Young Lawyers of the YearYoung Lawyers Division, June 2005Each year, the Illinois State Bar Association's Young Lawyers Division honors two outstanding attorneys with Young Lawyer of the Year awards.
ISBA/YLD Champaign SocialBy Kelley A. GandurskiYoung Lawyers Division, December 2005On September 23, 2005, the Young Lawyers Division held its first social event of the year at Rock’s Bar in Champaign, Illinois. All members of the YLD, past and present, and law students were invited to attend.
Issues to consider in restarting old wellsBy Craig R. HedinMineral Law, June 2005With the increase in the price of oil, operators are taking a second look at wells that were idled during previous economic downturns.
It’s a small world after allBy Robyn DonaldsonInternational and Immigration Law, November 2005Attorneys in the U.S. are learning everyday that their legal practice is extending beyond the borders of this nation.
John Erlenborn (1927-2005): Illinois Congressman known as “Father of ERISA”By Gerald D. SkoningEmployee Benefits, December 2005Former U.S. Rep., John Erlenborn, 78, who represented part of DuPage County in Congress from 1965 to 1985 in a career distinguished by his expertise in labor and pension issues, died on October 30, 2005, in his Virginia home.
Join us for a tax day diversion! Lawyer’s Workshop makes Downstate debut April 15By Alice M. Noble-AllgireRacial and Ethnic Minorities and the Law, February 2005A distinguished slate of Metro East lawyers and judges has been assembled for this year's Lawyer's Workshop, which is making its debut in downstate Illinois with a mix of "nuts and bolts" and "cutting edge" presentations on Family Law, Civil Discovery, Attorney Ethics and Federal Practice.
Judges need hugs too: Insights into judicial stressBy Hon. Patricia C. CoffeyBench and Bar, May 2005Judges have it easy. We arrive late, take two-hour lunch breaks, leave early and, when it suits our fancy, take time to don our black robes and reign, arbitrarily and capriciously, in courtrooms where our word is law, at least until it is reviewed by a higher court.
Judicial independence as a campaign platformBy Shirley S. AbrahamsonBench and Bar, September 2005Good judging is good politics….the public will support judges whom they perceive as independent even if they do not agree with particular decisions.
Judicial notice revisitedBy Patrick M. KinnallyCivil Practice and Procedure, September 2005Recently, I was involved in a trial where my opponent was attempting to have the court take judicial notice of a municipal ordinance.
Keeping your data safe and in your officeBy Adam NelsonLegal Technology, Standing Committee on, December 2005There is an exciting new technology that has recently been offered to both law firms as well as consumers.