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Fund Formation and Joint Venture

BETTER FORMATION Built on your goals

Fund Formation

Raising capital is a challenge for both entrepreneurial and institutional real estate companies. Finding equity on a deal-by-deal basis can be successful, but it usually consumes a considerable amount of time and resources. As a result, raising equity through the formation of an investment fund may present you with a more sustainable approach to your long-term financing needs.

Our attorneys have extensive experience in structuring and forming private equity, venture capital and real estate funds—negotiating the related documentation on behalf of both fund sponsors and investors. We assist fund sponsors in analyzing the many structural, tax and governance issues that arise in connection with the formation of a private fund, including the myriad issues unique to tax exempt investors.

Full-Service Fund Formation

We assist you in front-end structural matters, including the economic and governance provisions of the fund. We perform the requisite due diligence, prepare the private offering memorandum and accompanying materials, draft the limited partnership or limited liability company agreement and subscription materials and negotiate the subscription line of credit arrangements. We then coordinate your legal matters for the initial and subsequent closing, as well as handle regulatory matters.

We advise you through the SEC and state(s) investment adviser registration process. This includes preparation of form ADV and applicable policies and procedures manuals and documents, and discussion with regulatory authorities. Additionally, we assist you in on-going compliance matters.

We also represent you in the formation of and investing in non-real estate private equity funds, including venture funds, buyout funds, growth equity funds and mezzanine funds. These funds have ranged in size from $X to $X.

Joint Ventures

Our attorneys have significant experience in structuring joint ventures with institutional capital providers for clients with real estate and development expertise.

Our experience includes the structuring and formation of both joint ventures and co- investment programs on behalf of publicly traded companies, substantial private funds and investment trusts. Among other matters, we can assist you in the procurement of subscription financing for joint ventures; negotiation of sale and leaseback transactions; and the tax- deferred contribution of substantial real estate assets, including industrial, office and retail properties.

Jeffrey A. Hechtman - a man in a business suit, smiling at the camera
Jeffrey A. HechtmanManaging Partner
Jenna E. Stein - a woman in a business jacket, smiling at the camera
Jenna E. SteinChair | Real Estate Group
Jordan M. Goodman Presents at the ABA-IPT Advanced State Income Tax Seminar – 3/12/24February 22, 2024

The Annual "Big Easy Brawl" is returning! On March 12, 2024, the 2024 ABA-IPT Advanced State Income Tax Seminar will feature an exciting discussion between Jordan M. Goodman and Professor Richard D. Pomp. They'll be debating their positions on the latest state income tax controversies. Don't miss out!

David A. Hughes Presents at the ABA-IPT Advanced State Income Tax Seminar – 3/12/24February 22, 2024

Learn about the benefits of tax insurance with David A. Hughes at the 2024 ABA-IPT Advanced State Income Tax Seminar on 3/12. David and his co-speakers will provide an overview of tax insurance and explore case studies where it has been used in M&A transactions, state tax positions on returns and pending state tax litigation

Attorneys in Action: Keith H. Berk and John R. Wiktor Give Back with Northmoor Education FoundationFebruary 21, 2024

Northmoor Education Foundation awarded $90,000 of college scholarships to 15 outstanding Northmoor employees. The Northmoor Education Foundation (NEF) was founded in 2018 to assist Northmoor Country Club employees, caddies and their children who plan to continue their education in college or vocational school programs. Scholarships are offered each year for full-time or part-time study at accredited institutions of the student’s…

Jennifer F. Kuzminski and Samantha K. Breslow Selected to Crain’s Chicago Business 2024 Notable Women in LawFebruary 20, 2024

HMB is proud to congratulate Jennifer F. Kuzminski and Samantha K. Breslow on being named to Crain’s Chicago 2024 Notable Women in Law list! The notable list recognizes women in the legal profession for their professional accomplishments, leadership roles, dedication to mentoring activities and community involvement.

Upcoming Webinar: “Illinois Revised Uniform Unclaimed Property Act” with HMB | Kilpatrick, BDO and the Illinois State Treasurer’s Office – 3/7/24February 12, 2024

Join David A. Hughes, BDO USA and representatives from the Illinois State Treasurer's Office on March 7th for an informative webinar focusing on the Revised Uniform Unclaimed Property Act. The webinar will cover various topics like compliance requirements, voluntary disclosure, self-audit and audit practices, and best practices for escheatment.

Jordan M. Goodman Discusses Illinois Remote Seller Sourcing Regime with Law360January 30, 2024

Online pet pharmacy PetMeds has filed a petition before the Illinois tax tribunal, calling a state law unconstitutional for requiring retailers to base their sourcing methods on whether they are in-state or remote. Jordan M. Goodman shares his insights on Illinois' remote seller sourcing regime with Law360, raising crucial questions about fairness and complexity.

David A. Hughes Discusses State Marketplace Facilitator Laws with Tax NotesJanuary 26, 2024

Loose definitions, cumbersome requirements and practical challenges of many marketplace facilitator laws create problems for both facilitators and sellers. In a Tax Notes article, David A. Hughes discusses these challenges and provides suggestions to make marketplace facilitator laws more taxpayer-friendly.

HMB Attorneys Selected to the 2024 Illinois Super Lawyers and Rising Stars ListsJanuary 25, 2024

Congratulations to Jeralyn H. Baran, Nathan E. Delman, Jeffrey A. Zaluda and Payal J. Patel for being selected to the 2024 Illinois Super Lawyers and Rising Stars lists! Super Lawyers is a rating service of outstanding lawyers from more than 70 practice areas who have attained a high degree of peer recognition and professional achievement.

Triumph in the U.S. Bankruptcy Court District of NevadaJanuary 19, 2024

Congrats Rick S. Rein and Nathan E. Delman on securing a nondischargeability ruling in a Chapter 7 case on a $10 million claim after a two day trial in the U.S. Bankruptcy Court for the District of Nevada. The claim involved a loan that was obtained under false pretenses, resulting in a non-dischargeable debt in favor of the client.

Spotlight on ChicagoJanuary 11, 2024

Download the PDF here.  …

Kilpatrick and HMB Join Forces in ChicagoJanuary 10, 2024

Kilpatrick and HMB Legal Counsel announced today that the two firms are joining forces to significantly increase the combined firm’s presence and corporate-focused practice in Chicago. With the addition of over 55 attorneys from HMB, the Kilpatrick Chicago office will now total more than 70 attorneys.

HMB Wins Unanimous Decision at the Illinois Supreme Court in High-Stakes Will ContestDecember 22, 2023

Huge win for HMB’s Litigation team at the Illinois Supreme Court! Congratulations Litigation Partners Hal J. Wood and Matthew R. Barrett on securing a unanimous decision in a contested will case. They successfully defended their hard-fought trial court win and appellate decision in favor of HMB’s client that allowed the client to retain control over the disposition of her late-husband’s company.

Jordan M. Goodman and Samantha K. Breslow Present at the 2024 IL CPA Society Corporate Finance Conference – 3/20/24December 12, 2023

Connect with Jordan M. Goodman and Samantha K. Breslow at the 2024 Illinois CPA Society Corporate Finance Conference! They will provide an insightful presentation on ethics.

David A. Hughes Presents at the NYU 42nd Institute on State & Local Taxation – 12/12/2023December 11, 2023

HMB is proud to sponsor and present at the NYU 42nd Institute on State and Local Taxation. On December 12, 2023, David A. Hughes will present on the most important SALT developments affecting taxpayers today. See below for more information on his presentation. “What’s Happening Everywhere Today?” 1:15 PM ET | Westin New York at Times Square, New York, NY…

HMB's SALT Team Presents at the Chicago Tax Club's Winter MeetingDecember 8, 2023

Please join HMB's State and Local Team, Jordan M. Goodman, David A. Hughes and Kylan Memminger, at the Chicago Tax Club's Winter Meeting on December 9, 2023.

David A. Hughes Presents at PLI’s Tax Strategies 2023 – 11/17/23November 17, 2023

David A. Hughes will examine the state and local tax issues that arise in corporate transactions and tax-free reorganizations.

Jordan M. Goodman Returns to the SALTovation PodcastNovember 7, 2023

Jordan M. Goodman returns to TaxOps’ SALTovation podcast for a conversation about the rapid pace of developments in SALT and the challenges faced by businesses and taxpayers.

HMB Named to the 2024 Edition of Best Law Firms®November 2, 2023

HMB achieves top recognition in the 2024 edition of Best Law Firms®, with Tier 1 rankings for our Private Client, Trusts & Estates and State & Local Tax practices in Chicago!

Jordan M. Goodman Shares Thoughts on Energy Company's Challenge to Michigan's Asset Sale Taxation with Law360November 1, 2023

MMN Infrastructure Services is urging the U.S. Supreme Court to reverse a Michigan high court decision. Jordan Goodman shares insights on the case with Law360.

Samantha K. Breslow Presents at the Chicago Tax Club’s Annual Fall Seminar – 10/26/23October 24, 2023

Join Samantha K. Breslow at the Chicago Tax Club’s Annual Fall Seminar on October 26, where she will be presenting on a hot topic in the world of tax: “The Evolution of Digital Services, Advertising and Data Mining Taxes.” During this program, Sam will explore the latest sales tax development in the area of digital products and consumer data collection.

HMB at COST’s 2023 Southeast Regional State Tax Seminar – 11/9/23October 16, 2023

HMB is proud to sponsor and present at COST’s Southeast Regional State Tax Seminar in Charlotte, NC, on November 9th. You don’t want to miss Jordan M. Goodman, David A. Hughes and Samantha K. Breslow discuss the latest state tax cases, issues and policy matters affecting Southeast states!

Client Success: Swag Golf Raises $10MM in Growth FinancingOctober 11, 2023

HMB would like to congratulate Swag Golf on raising $10 million in growth funding. This investment will bolster Swag Golf’s innovative product lines, increase its presence in the Asia-Pacific market and accelerate its production capabilities to meet growing demand.

Upcoming Seminar: Tips on Managing Indirect Tax with Automation – 11/2/23October 6, 2023

Does your business need help navigating the ever-changing indirect tax requirements? Join HMB Legal Counsel, Alvara and KPMG for an in-person seminar on November 2nd focused on tips for managing indirect tax with automation. HMB’s David Hughes will provide an update on the City of Chicago’s indirect tax.

David A. Hughes Presents at the Illinois Taxpayers' Federation SALT Conference - 9/21/23September 21, 2023

David A. Hughes is moderating and presenting at the Illinois Taxpayers' Federation State and Local Tax Conference on September 21, 2023.

David A. Hughes Presents at The Chicago Tax Club Fall Seminar - 10/26 - 10/27/23September 21, 2023

Join David A. Hughes for The Chicago Tax Club's Annual Fall Seminar on October 26-27, 2023! David will speak on a variety of state and local tax topics including the top recent sales and use tax cases and gross receipts taxes.

Jordan M. Goodman Presents at the Alabama Federal & State Tax Institute – 11/15/23September 15, 2023

Jordan M. Goodman presents, "Hot Topics in Multi-State Taxation Including PTE Issues" at the Alabama Federal and State Tax Institute.

Jordan M. Goodman Presents at the 2023 CPAmerica Tax Conference – 11/6/23September 15, 2023

Jordan M. Goodman will provide a Multistate Update and discuss the latest changes, developments and regulations in state and local tax.

Jordan M. Goodman Presents at MICPA’s Tax Conference – 11/2/23September 15, 2023

Join Jordan Goodman at MICPA’s Tax Conference on November 2nd for an insightful presentation on alternative apportionment cases. Jordan will provide clarity on the impact of cross-tax relationships from economic nexus laws to the end of throwback apportionment rules.

Jordan M. Goodman Presents at the 30th Annual Paul J. Hartman SALT Forum – 10/23/23September 14, 2023

Sometimes the best offense is a great defense. Join Jordan M. Goodman at the Paul J. Hartman SALT Forum on October 23rd for his presentation, “State Audits and Controversy: Where the Rubber Hits the Road” to learn about offensive and defensive approaches to state audits.

David A. Hughes Presents at COST’s 54th Annual Meeting – 10/19/23September 12, 2023

Join David A. Hughes for an engaging session at COST’s 54th Annual meeting on October 19th. David will discuss various methods to obtain information from revenue agencies such as interrogatories, requests to produce, depositions and FOIA requests.

Jordan M. Goodman Presents at COST’s 54th Annual Meeting – 10/18/23September 12, 2023

Connect with Jordan M. Goodman at COST's 54th Annual Meeting on October 17-20! Jordan will explore the most significant sales tax cases this year and discuss rising audit issues you need to look out for.

HMB at IPT’s 2023 Sales Tax Symposium – 10/1 - 10/4/23September 11, 2023

Are you attending the IPT Sales Tax Symposium in Chicago? Be sure to connect with our SALT team David A. Hughes, Jordan M. Goodman and Samantha K. Breslow! They will be speaking on a variety of sales tax concepts, including retail issues, newer tax types & fees and all things SAAS.

David A. Hughes Joins COST for an Unclaimed Property Webinar – 9/20/23September 1, 2023

Join David A. Hughes and COST on September 20th for an engaging live webinar that will cover significant unclaimed property issues across the nation. Don’t miss this insightful program!

Jordan M. Goodman Named to Law360’s 2023 Tax Authority State & Local Editorial Advisory BoardAugust 22, 2023

HMB is pleased to announce that Jordan M. Goodman has been named to Law360’s 2023 Tax Authority State and Local Editorial Advisory Board.

HMB Attorneys Recognized by Best Lawyers® in America 2024August 17, 2023

HMB is proud to have 16 attorneys recognized by Best Lawyers in the 2024 editions of The Best Lawyers in America® and the Best Lawyers: Ones to Watch® in America. Congratulations to our attorneys!

Client Success: Leading Hospitality SaaS Platform Craftable Announces Partnership with Gauge CapitalAugust 1, 2023

HMB would like to congratulate Craftable, the hospitality industry’s leading SaaS platform, on its partnership with Gauge Capital, a leading middle-market private equity firm based in Dallas, TX. This strategic investment further enhances Craftable’s position at the forefront of cutting-edge technology shaping the hospitality industry.

David Ruskin’s “Counseling a Cannabis-Related Business” Published in Practical Law JournalJuly 27, 2023

David Ruskin’s article “Counseling a Cannabis-Related Business” was featured as the cover story in Practical Law The Journal. This recently updated article is a must-read for anyone from entrepreneurs to veterans in the cannabis industry.

Samantha K. Breslow Presents at COST’s 2023 SALT Workshop for Technology Companies – 8/17/23July 26, 2023

Connect with Samantha Breslow at the Council on State Taxation’s 2023 SALT Workshop for Technology Companies where she will discuss important tax issues related to technology companies, including taxation of accommodation services and video streaming.

Jordan M. Goodman Presents at COST’s 2023 SALT Workshop for Technology Companies – 8/16/23July 26, 2023

Join Jordan Goodman for an insightful session on 8/16 at the Council on State Taxation’s 2023 SALT Workshop for Technology Companies. He’ll explore the top 10 transactional and corporate income tax cases relevant to technology companies and will identify emerging trends within state litigation of digital products and other technology-related issues.

HMB Announces 2023-2024 Board of DirectorsJuly 18, 2023

HMB is pleased to announce its 2023-2024 Board of Directors.

David S. Ruskin Elected to INCBA Board of DirectorsJuly 10, 2023

HMB is excited to announce the appointment of David S. Ruskin to the International Cannabis Bar Association (INCBA) Board of Directors. David was elected for his wealth of experience and exceptional accomplishments in cannabis law.

HMB Welcomes Kylan Memminger to its State and Local Tax GroupJune 19, 2023

HMB is pleased to welcome Kylan Memminger as an Associate in its State and Local Tax Group.

Jordan M. Goodman Presents at the 2023 IPT State Income Tax School – 7/25-7/26June 13, 2023

Gain valuable insights and knowledge with Jordan M. Goodman at the Institute for Professionals in Taxation’s State Income Tax School in Atlanta, GA! Jordan will be instructing a variety of educational sessions, including formulary apportionment for state income taxes and ethical dilemmas state and local tax professionals face.

David A. Hughes Presents at the Vertex Leasing Special Interest Group Meeting – 6/21/23June 13, 2023

David A. Hughes presents, “Managing Tax Controversy: Audits, Appeals, Alternative Dispute Resolution and Settlements,” at the Vertex Leasing Special Interest Group Meeting in Cleveland, OH.

Jordan M. Goodman Presents at the 2023 IPT Annual Conference – 6/27/23June 12, 2023

Connect with Jordan Goodman at the upcoming 2023 IPT Annual Conference in Grapevine, Texas! During the event, Jordan will participate in an exciting roundtable, discussing current sales issues and emerging trends with his co-speakers and the audience.

Samantha K. Breslow Presents at the 2023 IPT Annual Conference – 6/26/23June 12, 2023

Are you attending the IPT Annual Conference? Be sure to connect with Samantha Breslow! Sam will be speaking on a variety of state and local tax concepts, including how to determine whether to classify a product as a sale of a tangible personal property or a sale of service.

David A. Hughes Presents at the 2023 State and Local Tax Symposium: “Projecting the Future of SALT” – 6/16/23June 12, 2023

HMB is proud to sponsor and participate in the 2023 State and Local Tax Symposium: “Projecting the Future of SALT,” sponsored by The Tax Lawyer and Northwestern University Pritzker School of Law’s Tax Program. David Hughes will participate in an exciting panel and help moderate a breakout session about teaching SALT in law school.

David A. Hughes Presents at the 2023 Indiana Business Tax Conference – 6/15/23June 12, 2023

Are you attending the Indiana Business Tax Conference? Join David Hughes on June 15th for his update on Illinois and other Midwest states.

Jordan M. Goodman Presents at the FICPA Mega 2023 Conference – 6/14/23June 9, 2023

On June 14, Jordan Goodman will provide an update on the national landscape of state and local tax litigation at the Florida Institute of CPAs (FICPA)’s MEGA Conference. He will discuss income tax, sales and use tax, franchise tax, unclaimed property and more.

Welcome 2023 Law Clerks!June 8, 2023

HMB is excited to welcome Michael, Clara, Isabella and Marla into its 2023 Law Clerk Program! We also warmly welcome back Olivia, who joined the program in 2022. HMB’s Law Clerk Program offers professionals the opportunity to solve interesting problems, expand their professional connections and learn more about the practice areas they are interested in.

David S. Ruskin Presents at INCBA’s 2023 Cannabis Law Institute – 6/9/23June 7, 2023

Join David Ruskin for the International Cannabis Bar Association’s CLI conference this week in Washington, DC! You won’t want to miss his presentation on the varying social equity initiatives initiatives and programs in legal cannabis license states around the country.

Jordan M. Goodman Discusses Wayfair’s Influence on State Tax Cases with Law360June 1, 2023

Since the South Dakota v. Wayfair ruling, which upheld the state's sales tax law without requiring a physical presence, states and businesses have frequently referenced it in state tax cases. In some litigation, courts have recognized the case as an appropriate precedent, but other courts have been less accepting, particularly in non-sales and use tax matters. Jordan M. Goodman isn’t surprised by this and discusses the Wayfair decision with Law360.

Jordan M. Goodman Joins CRI for a SALT National Update Webinar – 5/18/23May 17, 2023

On May 18, 2023, Jordan M. Goodman will provide a national update on the state and local tax industry for Carr Riggs and Ingram CPA’s and Advisors (CRI).

Nathan E. Delman Appointed as Vice Chair of the Chicago Bar Association Bankruptcy & Reorganization CommitteeMay 17, 2023

Congratulations Nathan E. Delman on being appointed as Vice Chair of the Chicago Bar Association Bankruptcy and Reorganization Committee! Nate was selected for his exceptional achievements and extensive experience in bankruptcy and reorganization law.

Client Success: HMB Represents Myron, Inc. in Sale to GIG Myron Holdings SPVMay 15, 2023

HMB would like to congratulate Myron on its successful sale to GIG Myron Holdings SPV, LLC, an affiliate of Go Global Retail. Founded in 1949, Myron is dedicated to helping customers elevate their promotional marketing campaigns. Myron, Inc. was represented by Brian H. Axelrad, Brett M. Winterstein, Ati P. Khatri, Elise Anderson, Geoffrey J. Curley and Kenneth A. Goldstein.

Jordan M. Goodman Shares Thoughts on Minnesota Adopting the MTC’s Guidance on P.L. 86-272May 10, 2023

Minnesota may become the third state to adopt the Multistate Tax Commission's new guidance on P.L. 86-272, which outlines what is and what is not an in-state business activity. Many tax practitioners, including HMB’s Jordan M. Goodman, have raised general concerns with the MTC guidance, stating that it is overboard and would diminish P.L. 86-272’s protections without any changes to the federal law.

Client Success: The Variable Announces Acquisition of AI & Analytics Company Data CrunchMay 9, 2023

HMB congratulates The Variable on its acquisition of Data Crunch, a best-in-class applied AI and advanced analytics company. The Variable was represented by Brett M. Winterstein and Elise Anderson.

Upcoming Webinar: “Navigating Unclaimed Property: State Updates & Emerging Trends” – 6/22/23May 9, 2023

Join HMB and Crowe LLP on June 22, 2023, for an informative webinar on state updates and emerging trends in unclaimed property. Our experienced speakers will cover the latest trends in unclaimed property compliance, reporting and audit defense, providing practical insights and advice for navigating the complex world of unclaimed property. Don’t miss out on this insightful program!

Nathan Delman Presents "Bankruptcy and Insolvency Issues" for the LFAMay 3, 2023

During this session, Nate will discuss the latest bankruptcy and insolvency issues in the cannabis industry including recent cases, receiverships and traditional workout and restructuring options.

Client Success: Bully Pulpit Interactive Announces Partnership with Broad Sky PartnersMay 2, 2023

HMB would like to congratulate Bully Pulpit Interactive, a strategic communications and public affairs agency, on its investment from Broad Sky Partners. BPI is an outcomes agency at the intersection of business, politics and policy.

David A. Hughes Presents at COST’s Income Tax Conference & Spring Audit Session – 4/26/23April 24, 2023

During this session, David and his co-speakers will explore oddities in the ownership and disposition of flow-through entities by corporations, other pass-through entities and individuals.

Jeralyn H. Baran Presents at TMA’s Roundtable: Exploring the New IL Employment Laws – 5/4/23April 24, 2023

Do you have questions about the new Illinois employment laws? Join Jeri Baran and Marcy Brajkovic of Chatfield Global LLC at TMA’s Roundtable on May 4th as they discuss the new Paid Leave for All Workers Act, effective January 1, 2024, and the amended One Day of Rest in Seven Act.

Jordan M. Goodman Shares Thoughts on Modernizing the Tax Injunction ActApril 24, 2023

A coalition is proposing that Congress modernize the Tax Injunction Act (TIA) out of increasing concern that challenges to state taxes involving questions of federal law or the U.S. Constitution are not reviewed by federal courts. But does anyone want more cases in the federal court system? Jordan M. Goodman shares his thoughts on expanding the TIA with Tax Notes here.

Client Success: CodaPet Expands into Kansas City as Part of Broader National ExpansionApril 12, 2023

HMB would like to congratulate CodaPet on its expansion into Kansas City, MO, and its surrounding cities. The startup empowers a network of veterinarians who offer families the opportunity to say goodbye to their pets in the comfort of their own homes.

Marilyn A. Wethekam Joins the Council on State Taxation as Of CounselApril 7, 2023

After nearly three decades of outstanding service, HMB Legal Counsel announces that Marilyn A. Wethekam is leaving the practice of law and joining the Council on State Taxation (COST) as Of Counsel. Marilyn is a foundational member of HMB’s State and Local Tax (SALT) Group and has played a prominent role in building its success. Since joining the firm in…

David A. Hughes Presents at the Sales Tax Institute 2023 Advanced Sales & Use Tax Workshop – 4/19 - 4/21April 3, 2023

Join David Hughes at the Sales Tax Institute’s Advanced Sales & Use Tax Workshop from April 19-21! David will lead deep-dive sessions focused on trending sales and use tax topics. He will also provide an industry update for professional services, discussing the latest legislative developments and state-specific updates.

Aaron Hammer Chairs the 2023 Distressed Investing Summit – 3/21-3/22March 20, 2023

HMB is thrilled to sponsor The M&A Advisor’s 2023 Distressed and Investing Summit in Palm Beach, FL. As the Conference Chairperson, Aaron Hammer will welcome attendees at the opening reception, discuss turnaround experiences in a program session and participate in the Awards Gala. Aaron will also be honored with the Turnaround Award “Legal Advisor of the Year” at the Awards Gala.

Client Success: Port X Logistics Announces Partnership with U.S. Multimodal GroupMarch 20, 2023

Congratulations to Port X Logistics LLC, a leading transportation company, on its partnership with U.S. Multimodal Group, a premium provider of intermodal logistics!

David A. Hughes Discusses Taxation of Gains from the Sale of Interests in Pass-Through EntitiesMarch 15, 2023

State tax partnership law is seeing an increased focus on what happens when a nonresident owner of a partnership or LLC sells his or her ownership interest. David A. Hughes discusses this emerging topic with Law360 and shares his insights on investee apportionment.

Jordan M. Goodman and David A. Hughes Present at the AGN 2023 North American Regional Meeting – 5/23/23March 14, 2023

Join Jordan M. Goodman and David A. Hughes for their National SALT Update on May 23, 2023 at the AGN North American Regional Meeting.

Jordan M. Goodman and David A. Hughes Present a National SALT Update for the Nebraska TEI Chapter – 5/16/23March 13, 2023

On May 16, 2023, Jordan M. Goodman and David A. Hughes will provide a National SALT Update for the Nebraska TEI Chapter. Join them as they share recent and noteworthy developments in the SALT world.

David A. Hughes Presents at ABA’s 2023 May Tax Meeting – 5/5/23March 13, 2023

On May 5, 2023, David A. Hughes will discuss the limits of the attorney-client privilege rule from a tax perspective at ABA’s May Tax Meeting.

Aaron Hammer and Rick Rein Present "Bankruptcy in Crypto" for the LFAMarch 13, 2023

On March 8, 2023, Aaron L. Hammer and Rick S. Rein joined the Law Firm Alliance for their Bankruptcy Community Meeting.

Jordan M. Goodman Presents at COST’s 2023 Sales & Use Tax School – 5/8/23March 10, 2023

Join Jordan M. Goodman on May 8, 2023, for “Situs: Who Can tax the Transaction” at COST’s Intermediate/Advanced Sales & Use Tax School. Jordan will discuss the importance of situsing sales for sales tax purposes.

David Hughes Elected Fellow of the American College of Tax CounselMarch 9, 2023

Congratulations David Hughes for being elected a Fellow of the American College of Tax Counsel! David was selected for his extraordinary accomplishments and demonstration of a high standard of excellence and ethical performance in tax law.

Jordan M. Goodman Participates in a Mock Audit at the UPPO Annual Conference – 3/13/23March 8, 2023

On March 13, 2023, Jordan will participate in a Mock Audit at the UPPO Conference where he will be playing the role of legal advisor defending a client in the midst of an unclaimed property audit.

Jordan M. Goodman Presents at the 2023 ABA-IPT Advanced Sales & Use Tax Seminar – 3/14/23March 3, 2023

The Annual “Big Easy Brawl returns! You don’t want to miss Jordan M. Goodman and Professor Richard D. Pomp going head-to-head as they discuss their perspectives on current SALT issues and policies at the 2023 ABA-IPT Advanced Sales & Use Tax Seminar.

David A. Hughes Presents at the 2023 ABA-IPT Advanced Tax Seminars – 3/13 & 3/15March 3, 2023

Advanced Tax Seminars next week? Be sure to check out one of David A. Hughes’ presentations!

Congratulations to HMB Attorneys Named to 2023 Leading LawyersFebruary 21, 2023

Congratulations to Jeralyn H. Baran, Keith H. Berk, Aaron L.Hammer, Jeffrey H. Hechtman, James L. Jerue and Jeffrey A. Zaluda for being named 2023 Leading Lawyers! Only lawyers who are most often recommended by their peers and later approved by the Leading Lawyers Advisory Board are selected.

Jordan M. Goodman Presents a Nationwide Update at the Houston TEI Tax School – 2/14/23February 14, 2023

Jordan M. Goodman provides a nationwide State and Local Tax Update for the Houston TEI Tax School.

David A. Hughes Presents at ABA’s 2023 Midyear Tax Meeting – 2/10/23February 10, 2023

The ABA Tax Section’s SALT committee is pleased to welcome three judges from the Indiana, Oregon and Arizona Tax Courts who will share their insights and observations from the courtroom. David and the judges will touch on a variety of topics, including judicial philosophy, analytical frameworks, persuasion and the use of experts in SALT cases.

HMB Welcomes Eric M. Hampton to its Real Estate GroupFebruary 8, 2023

HMB is pleased to welcome Eric M. Hampton as an Associate in its Real Estate Group.

Client Success: Chowly Announces Acquisition of Digital Ordering Company KoalaFebruary 7, 2023

HMB would like to congratulate Sterling Douglass and the entire Chowly team on its acquisition of Koala, a guest experience platform that empowers restaurant brands to elevate their digital ordering experience across web, app and kiosk.

Aaron L. Hammer Named Legal Advisor of the Year: 17th Annual Turnaround AwardsFebruary 6, 2023

Congratulations Aaron L. Hammer on being named Legal Advisor of the Year by The M&A Advisor Turnaround Awards! Aaron was selected for outstanding track record of successful transactions and lifelong contributions to the turnaround industry.

Jeralyn H. Baran Presents at TMA’s Roundtable: 2023 HR Legal Update – 2/9/23February 2, 2023

New year, new employment laws! Join HMB’s Jeri H. Baran and Michael F. Hughes of Amundsen Davis at TMA’s HR Roundtable on February 9th as they discuss the new changes in federal, state and local employment laws.

Upcoming Webinar: David A. Hughes Presents, “Illinois Increasing Unclaimed Property Enforcement for Noncompliant Holders,” with BDO – 2/28/23January 30, 2023

Illinois has overhauled its unclaimed property statutes and regulations, including the recent law change requiring “negative reporting,” which requires all businesses to file an Illinois unclaimed property return even if there is nothing to report. Join David A. Hughes and BDO's Illinois unclaimed property team for a webinar on February 28th that will emphasize what businesses need to know about the state's unclaimed property compliance, risk mitigation and how to implement unclaimed property best practices.

Congratulations to HMB Attorneys Selected to 2023 Super LawyersJanuary 30, 2023

HMB is proud to announce that Jeralyn H. Baran, Richard M. Horwood and Jeffrey A. Zaluda have been selected to the 2023 Illinois Super Lawyers list. Congratulations to our team!

HMB Welcomes Eric J. Genin to its Real Estate GroupJanuary 26, 2023

HMB is pleased to welcome Eric J. Genin who joins the firm as Partner in its growing Real Estate Practice.

Samantha K. Breslow and David A. Hughes Present a Cloud Computing & Digital Goods Webinar – 1/24/23January 24, 2023

Samantha K. Breslow and David A. Hughes join the Chicago Tax Club for a webinar focused on recent sales tax developments in cloud computing.

David A. Hughes Presents at the Illinois CPA Society’s State and local Tax Conference – 1/18/23January 18, 2023

Don’t get caught in a tax trap in this fast-moving SALT landscape. Join David as he discusses cloud computing, digital products and services, sourcing and compliance insights.

Upcoming Webinar: Rick S. Rein Presents, “International/Cross-Border Disputes & Litigation – Judgement Enforcement & Venue Considerations,” with ABI – 1/25/23January 11, 2023

On January 25th, Rick Rein will join an esteemed panel of cross-border and international litigation professionals for a webinar hosted by ABI. They will share their experiences and insights on how to best approach cross-border disputes involving collection issues and venue considerations.

HMB at the 2023 Midmarket Deal Makers Symposium – 1/10 – 1/13January 9, 2023

HMB Legal Counsel is excited to sponsor and present at the 2023 Midmarket Deal Makers Symposium in Miami, FL. This exclusive event seeks to facilitate authentic connections and relationships amongst leading dealmakers from a variety of industries.

Jordan M. Goodman Discusses North Carolina’s Decision Regarding Quad Graphics’ Sales TaxDecember 28, 2022

North Carolina’s Supreme Court recently upheld a sales tax assessment on Wisconsin-based Quad Graphics’ sales into the state, finding that U.S. Supreme Court precedent would have required use tax to be levied instead was no longer valid. HMB's Jordan M. Goodman discusses the ruling with Law360 and said, “the state’s justices had all the leverage they needed to reverse the lower court.”

HMB Names Samantha K. Breslow, Jamie L. Ross and Lisa A. Rothstein as PartnerDecember 20, 2022

HMB Legal Counsel is pleased to announce three new partners across HMB’s State and Local Tax, Real Estate and Business and Finance Groups, effective January 1, 2023. Samantha K. Breslow has been elevated from Associate and Jamie L. Ross and Lisa A. Rothstein, having previously been Of Counsel at HMB, have joined the firm as Partners.

HMB Presents at the 2023 National Multistate Tax Symposium – 2/8 - 2/10/23December 19, 2022

Don’t miss Jordan M. Goodman at Deloitte’s 19th Annual Multistate Tax Symposium on February 8-10!

Cryptocurrency, Your Chapter 11 Table Is ReadyDecember 19, 2022

In this article, Aaron L. Hammer, Rick S. Rein, Dan Wen and Claudia Suszczynska provide an overview of the decline in the cryptocurrency industry in 2022, otherwise known as a “crypto winter,” and the potential impacts of a surge in Chapter 11 bankruptcy filings by players in the space.

Client Success: HMB Obtains Appellate Court Judgment, Sets Important Precedent for Chicago Lease Transaction TaxDecember 16, 2022

HMB’s litigation team, led by David S. Ruskin, and State and Local Tax attorney, David A. Hughes, began their representation of PACCAR in late 2019 when RN Acquisition, LLC filed a complaint alleging breach of contract and seeking a declaratory judgment arising from PACCAR’s alleged failure to pay the Chicago Lease Transaction Tax.

Jordan M. Goodman Presents at the Chicago Tax’s Club Winter Meeting – 12/9/22December 5, 2022

Jordan M. Goodman will provide a joint National SALT Update and Ethics presentation for the Chicago Tax Club's Winter Meeting.

David A. Hughes Presents at the NYU 41st Institute on State & Local Taxation – 12/13/22December 1, 2022

HMB is excited to sponsor and present at NYU School of Professional Studies’ 41st Institute on State and Local Taxation. On December 13th, David A. Hughes will present, “What’s Happening Everywhere Today? Including Local Taxes” at the conference. Using a Today Show style interview format, David, his co-hosts and their guests will provide a rundown of what you need to know about the most important SALT developments affecting taxpayers across the country today, including issues with local taxes.

Client Success: HMB Represents Golden Tech in Sale to The Purple GuysNovember 23, 2022

HMB would like to congratulate Golden Tech on a successful sale to The Purple Guys, a leading provider of managed IT services. Since 1996, Golden Tech has offered customized managed IT, cloud, security and consulting services to business owners in the Northwest Indiana and Chicagoland market.

Jordan M. Goodman Presents at the Alabama Federal Tax Clinic – 11/17/22November 17, 2022

Remote working legal issues are not new, just exacerbated by COVID-19. During this session, Jordan will address state and local tax issues employers and employees face today.

David A. Hughes Presents at IMA’s 9th Annual Tax Conference – 11/16/22November 15, 2022

David A. Hughes presents, “Mitigating Risk,” at the Illinois Manufacturers’ Association’s 9th Annual Tax Conference: Helping You Succeed with Key Tax Strategies.

Jeffrey A. Zaluda Presents, “Creating Intelligent Philanthropic Legacies in any Economic Climate” hosted by FELNET – 11/16/22November 15, 2022

Have questions about charitable giving? Join HMB’s Jeffrey A. Zaluda and Scott Vender of Morgan Stanley for the Friends of ELNET’s upcoming seminar, “Creating Intelligent Philanthropic Legacies in any Economic Climate” on November 16th.

Jordan M. Goodman Presents at the 2022 CPAmerica Tax Conference – 11/14/22November 14, 2022

Jordan M. Goodman presents, "SALT Issues for Remote Workers" and "Pass-through Entity Taxation" at the CPAmerica 2022 Tax Conference.

Client Success: Svoboda Capital Partners LLC Exits Investment in Clarion Healthcare, LLCNovember 14, 2022

HMB congratulates Svoboda Capital Partners on its investment exit in Clarion Healthcare, LLC, which has been acquired by Lumanity, a global leader in accelerating and optimizing patient access to medical advances. Svoboda Capital was represented by Jeffrey A. Hechtman, Brett M. Winterstein, Elise Anderson, Ryan T. Kelley and Kynat Akram.

David A. Hughes Presents at the Chicago Tax Club’s Fall Seminar – 11/10/22November 9, 2022

David A. Hughes presents, “Tax Policy Implications of State and Local Taxes” at the Chicago Tax Club’s Fall Seminar.

HMB Named To U.S. News – Best Lawyers® 2023 “Best Law Firms”November 3, 2022

We are pleased to announce that HMB earned top recognition by U.S. News – Best Lawyers® “Best Law Firms” in 2023.

Alyssa J. Karpinski Presents, “Illinois Probate Process: In 7 Simple Steps” hosted by NBI – 12/30/22November 2, 2022

Alyssa Karpinski is presenting at the National Business Institute’s upcoming course, “Illinois Probate Process: In 7 Simple Steps” on December 30th. She will address creditor claims, discuss resolving disputes and explore how to navigate probate litigation.

HMB’s SALT team Presents at COST’s 53rd Annual Meeting – 10/24 – 10/27October 23, 2022

Join Jordan M. Goodman and David A. Hughes for the Council on State Taxation’s 53rd Annual Meeting in Orlando, Florida.

David A. Hughes Presents at the Vertex Exchange: Ahead of the Curve Conference – 10/23/22October 22, 2022

David A. Hughes presents, “What’s Happening in the State Tax World of Leasing: Updates, Trends, Audits” at the VERTEX Exchange: Ahead of the Curve Conference in Las Vegas, Nevada.

David A. Hughes Discusses Maryland’s Digital Advertising Tax Ruling with Tax NotesOctober 21, 2022

A Maryland Circuit Court judge recently struck down the state’s tax on digital advertising services. David A. Hughes told Tax Notes, “The judge, to her credit, took a more holistic view and said advertising is advertising, and if Maryland chooses not to tax traditional advertising, then the Internet Tax Freedom Act bars digital advertising.”

Rick S. Rein Published in ABA - "How to Counter Fraud Through the use of Equity Receiverships"October 12, 2022

In this article, Rick S. Rein discusses how an equity receivership can be an effective tool to address financial fraud related to a business's mismanagement or improper use of assets.

Client Success: HMB Represents MXOtech in Sale to NtivaOctober 7, 2022

HMB would like to congratulate MOXtech and its founder Joanna Mirov on the successful sale to Ntiva, a leading provider of managed IT and Security services. Founded in 2005, MXOtech helps clients achieve their business and organizational goals by providing the right mix of technology, strategy and expertise required to effectively implement and manage ever-changing tech offerings and business requirements.

HMB Announces 2023 Practice Group ChairsOctober 3, 2022

HMB is pleased to announce that Jenna E. Stein has been elevated to Practice Chair of the firm’s Real Estate Group. She will oversee coaching, planning economic oversight, positioning and recruitment for the group.

Client Success: Bridge Money Raises $5.8MM In Seed FundingSeptember 29, 2022

HMB would like to congratulate Bridge Money and its founder Lalit Janak on the successful closing of their $5.8 million seed funding round. Founded in 2019, Bridge is a first-of-its-kind fintech company focused exclusively on boosting the asset side of the ledger for over 100 million low-to-middle income consumers.

Upcoming Webinar: Jordan M. Goodman and David A. Hughes Presents, “I Think I am Ethical? Understanding Ethics for Today’s Lawyers” with BDO – 10/4/22September 21, 2022

Unethical conduct by lawyers of all varieties – private, government, in house, judicial - continues to make headlines. Violations affect not just the offending attorney, but families, colleagues, employers, clients and the legal profession at large.

“Goodman v. Pomp – Heavyweight Battle” at the 29th Annual Paul J. Hartman SALT Forum – 10/21/22September 21, 2022

You won’t want to miss Goodman v. Pomp live at the Paul J. Hartman SALT Forum on October 21st! Join Jordan M. Goodman and Professor Richard D. Pomp for a wide-ranging debate to determine who’s the heavyweight champion of all things SALT.

Samantha K. Breslow Presents at the 2022 IPT Sales Tax Symposium – 10/2 - 10/5September 21, 2022

Don’t miss HMB’s SALT team at the 2022 IPT Sales Tax Symposium! Samantha K. Breslow will be presenting various topics related to current state and local tax trends.

David A. Hughes Presents at the ACVL Annual Conference – 9/18 – 9/20September 17, 2022

David A. Hughes presents, “Successful Pursuit of Transactional Tax Refunds” at the Association of Consumer Vehicle Lessors (ACVL) Annual Conference.

Upcoming Webinar: Jordan M. Goodman Presents, “Unclaimed Property: The Threat to Financial Success You Didn’t See Coming” with Sales Tax Institute – 9/20/22September 15, 2022

Jordan and his co-speakers will cover the basics of identifying your unclaimed property. They will also discuss how to report unclaimed property to the states and trends across the state in rewriting rules and adopting new ones.

Jordan M. Goodman Discusses Pennsylvania Court Ruling with Law360September 13, 2022

The Pennsylvania Department of Revenue cannot pursue back taxes from certain third-party sellers that had inventory stored in the state as part of the fulfillment by Amazon program. Jordan M. Goodman discusses this recent decision with Law360 and says the ruling appears to be a significant decision “on the ‘new’ nexus standard measured and limited by the due process.”

HMB’s SALT Summer Seminar – 8/11/2022August 26, 2022

HMB’s State and Local Tax group held a seminar at one of Chicago’s favorite social clubs, SPIN. Our team was delighted to see everyone in person again to discuss all things SALT! View a recoding of the seminar and request a copy of a presentation here.

Jordan M. Goodman Presents, "Ethics in a Post Pandemic Tax World,” for the Chicago Tax ClubAugust 23, 2022

During this webinar, Jordan M. Goodman will address ethics in a post-pandemic environment.

HMB Attorneys Recognized by 2023 Best Lawyers in AmericaAugust 18, 2022

HMB is proud of the attorneys that have been recognized by Best Lawyers in America and Best Lawyers: Ones to Watch in America.

HMB Welcomes Jennifer F. Kuzminski And Alyssa J. Karpinski To Its Private Client, Trusts And Estates GroupJuly 26, 2022

HMB is pleased to welcome Jennifer Kuzminski and Alyssa Karpinski to its Private Client, Trusts and Estates group.

David A. Hughes Discusses Apple’s Settlement with Law360July 25, 2022

After years of legal back-and-forth, Apple has settled its challenge against Chicago’s amusement tax. David A. Hughes discusses Apple’s settlement with Law360 and says businesses that had hoped this case would shed light on how the tax might apply to their services will be left with open questions.

Jordan M. Goodman Shares His Thoughts on the Interpretation of P.L. 86-272July 15, 2022

In “Top 5 State & Local Tax Policies Of 2022” by Law360, Jordan M. Goodman shares his thoughts on the Multistate Tax Commission’s interpretation of P.L. 86-272. Jordan says, “I'm not an engineer, but it just seems to me that there's no difference between what was accepted with what you could do by phone call and what you can do by being online.”

Upcoming Webinar: Aaron L. Hammer Presents, “Q&A Session - The Bankruptcy Outlook and a Trifecta of Factors: Global Risk, Inflation, Rising Rates” – 7/26/22July 14, 2022

You asked, we answered! Please join Aaron L. Hammer and our esteemed panel for a 30-minute encore, Q&A webinar hosted by S&P Global.

HMB Welcomes Jeralyn H. Baran, Expanding its Employment Law PracticeJuly 7, 2022

HMB Legal Counsel is pleased to welcome Jeralyn (“Jeri”) H. Baran who joins the firm as a Partner in its Business & Finance group. Jeri will lead HMB’s growing Employment Law practice.

HMB 2022 Board of DirectorsJuly 1, 2022

HMB is pleased to announce that Jeffrey A. Zaluda and Timothy S. Rybicki were elected to its 2022 Board of Directors.

Upcoming Webinar: David A. Hughes Presents, “Unclaimed Property: Basic Principles & Current Updates” with Baker Tilly – 7/14/22June 30, 2022

When it comes to managing unclaimed property, there are many nuances you need to be aware of. On July 14th, join David Hughes, Mark Heroux and Zeinat Zughayer for a webinar where they will discuss the basic principles of unclaimed property and address current updates with regard to managing it.

Welcome 2022 Summer Law Clerks!June 29, 2022

HMB is proud to welcome our 2022 Summer Law Clerks! Our program offers professional the opportunity to solve interesting problems, build their professional network and learn more about the practice that interests them.

David S. Ruskin Joins Panel of Industry Leaders at INCBA's Annual Cannabis Law Institute – 6/9/22 – 6/11/22June 9, 2022

Join David S. Ruskin and a panel of industry leaders at the International Cannabis Bar Association’s Annual Cannabis Law Institute! The conference takes place at George Washington University Law School on June 9-11.

David S. Ruskin Published in Practical Law - “Counseling a Cannabis-Related Business: Overview”June 8, 2022

With more states and countries legalizing cannabis in varying forms, the industry is likely to continue to expand. However, cannabis remains an illegal drug at the federal level, presenting numerous challenges for cannabis-related companies and their counsel. In his article for Practical Law, David S. Ruskin examines the top legal issues that practitioners must consider when counseling either a plant-touching cannabis company or a more indirect cannabis-related business.

Jordan M. Goodman Shares Insight with Tax Notes in “Quill Overkill? State Assertions of Pre-Wayfair Nexus”June 7, 2022

Jordan M. Goodman discusses cookie nexus and the retroactive effect with Tax Notes.

Samantha K. Breslow Presents at the 2022 IPT Annual Conference – 6/27/22June 7, 2022

On June 27th, Samantha K. Breslow will provide a refresher on the basics of state and local income taxation at the 2022 IPTAnnual Conference. During her presentation, she will also give an overview of how cities, countries and other local jurisdictions tax employees and employers based on their worksite or residence.

David A. Hughes and Jordan M. Goodman Presented a Webinar for the AGN Summer SALT Conference - 6/2/22June 7, 2022

David A. Hughes and Jordan M. Goodman provided an update on recent development in the world of State and Local Tax.

Jordan M. Goodman Presents at the FICPA MEGA Conference – 6/8/22June 6, 2022

On June 8th, Jordan M. Goodman will present a National Survey of the SALT Landscape at the FICPA MEGA Conference. You won’t want to miss this lively discussion about the latest state tax developments across the country!

HMB Announced as Winner of the 16th Annual Turnaround Awards: Out-of-Court Restructuring Deal of the YearJune 1, 2022

HMB is the recipient of The M&A Advisor Turnaround Award for Out-of-Court Restructuring Deal of the Year. HMB was recognized for its representation of Europa Sports Products, LLC (“Europa”) in its successful sale to Europa Sports Partners, LLC (“ESP”). Congratulations to: Aaron L. Hammer, Keith Berk, Nathan E. Delman, Dan Wen, Casey E. Rivard and Elise Anderson.

Jordan M. Goodman Presents at the IPT 2022 State Income Tax School – 7/19/22 - 7/20/22May 20, 2022

Jordan M. Goodman is presenting, “Fundamentals of Formulary Apportionment” and “Ethics” at the IPT 2022 State Income Tax School. See below for details about his upcoming presentations. Georgia Tech Hotel & Conference Center, Atlanta, GA Fundamentals of Formulary Apportionment 1:45 – 6:00 PM | July 19, 2022 Jordan will discuss the basic rules of formulary apportionment for state income taxes.…

Upcoming Webinar: Jordan M. Goodman Joins Law360 for a State and Local Tax Discussion – 6/1/22May 19, 2022

Join Jordan M. Goodman, David Brunori, Richard Pomp, Christopher DeZinno and Maria Koklanaris for an upcoming webinar with Law360 Tax Authority on June 1st. You won’t want to miss this exciting discussion of hot topics in state and local tax!

Aaron L. Hammer Presents, “The Bankruptcy Outlook and a Trifecta of Factors: Global Risk, Inflation, Rising Rates” – 6/23/22May 17, 2022

Join Aaron L. Hammer for an upcoming webinar, “The Bankruptcy Outlook and a Trifecta of Factors: Global Risk, Inflation, Rising Rates,” with S&P Global on June 23rd where he and his co-presenters will dive deeper to refresh the bankruptcy outlook.

Client Success: HMB Represents Lumiata in Sale to Market Leader in Value-based Kidney CareMay 16, 2022

HMB would like to congratulate Lumaita, a healthcare-specific AI platform, on a successful sale to Somatus, the nation’s leading and largest value-based kidney care company. Lumiata is a predictive analytics company that specializes in tools for healthcare. Lumiata was represented by Brett M. Winterstein, Brian H. Axelrad and Ryan T. Kelley.

David A. Hughes and Jordan M. Goodman Present at the AGN North America Regional Meeting – 5/17/22May 12, 2022

David A. Hughes and Jordan M. Goodman will provide a National SALT Update at the AGN North America Regional Meeting. They will cover recent and noteworthy SALT developments including nexus, remote workers, sourcing, digital goods, SAAS, cloud computing and more.

Jordan M. Goodman Named to Law360’s 2022 State & Local Tax Editorial Advisory BoardMay 12, 2022

HMB’s Jordan M. Goodman has been named to Law360’s 2022 State and Local Tax Editorial Board. The editorial advisory board provides feedback on Tax Authority’s coverage and expert insight on how best to shape future coverage. Congrats, Jordan!

Jordan M. Goodman Present at COST’s 2022 Intermediate/Advanced Sales & Use Tax School – 5/16/22May 11, 2022

Join Jordan M. Goodman for COST's 2022 Intermediate/Advanced Sales & Use Tax School. On May 16th, they will present, “Situs: Who Can Tax the Transaction” and examine the consistent and inconsistent ways states are trying to tax transactions while attempting to bolster sagging revenues.

Client Success: Mark-It Express Logistics Announces Acquisition of Clean Car ConnexionMay 9, 2022

Congratulations to Mark-It Express Logistics, a leading Midwest intermodal trucking and freight brokerage company, on its acquisition of Clean Car Connexion Trucking, a transportation company that specializes in intermodal, flatbed and overweight loads.

David A. Hughes Discusses Home Rule Jurisdiction with Tax NotesMay 5, 2022

The Illinois Supreme Court recently ruled Cook County may not spend its transportation tax revenue on non-transportation-related purposes. David A. Hughes told Tax Notes the decision underscores that a home rule jurisdiction’s spending authority is not unlimited.

Rick S. Rein Published in FRAUD MagazineMay 4, 2022

Bankruptcy fraud, which lessened during the pandemic, could increase this year according to HMB’s Rick S. Rein and Brad Sargent, Founder of The Sargent Consulting Group, LLC. In an article published by the Association of Certified Fraud Examiners (ACFE) FRAUD magazine, Rick and Brad provide an overview of bankruptcy fraud and constructive fraud.

HMB at 2022 Mid-West Regional State Tax Seminar – 5/4/22April 27, 2022

HMB is proud to be a sponsor of the Council on State Taxation (“COST”) and the Chicago Tax Club (“CTC”) 2022 Mid-West Regional State Tax Seminar. Join David A. Hughes for his presentation on P.L. 86-272.

Aaron L. Hammer Featured on The Winning Momentum PodcastApril 27, 2022

Aaron L. Hammer was recently featured on The Winning Momentum Podcast with Scott Sinclair. Aaron and Scott discuss entrepreneurship and Aaron shares his experience as both a corporate bankruptcy attorney and an entrepreneur.

David A. Hughes Discusses State Taxation of Partnerships with Law360April 26, 2022

One of the most relevant and complex issues in state tax today is how states should tax partnerships. In Law360’s “3 Things To Know About State Taxation Of Partnerships Now,” David A. Hughes discusses recent cases that are causing controversy in state tax partnership law.

David A. Hughes Presents at the Advanced Sales and Use Tax Workshop – 4/26/22April 22, 2022

How states obtain revenue has come under more intense scrutiny due to the COVID-19 pandemic. On April 26th, David A. Hughes will discuss the merits of different revenue sources, give state examples that have succeeded and failed and share the latest state policy proposals at the Sales Tax Institute's Advanced Sales and Use Tax Workshop.

Samantha K. Breslow Presents at the Advanced Sales and Use Tax Workshop – 4/25/22April 21, 2022

Sam will dig into the tax implications for an array of technologies including software, SaaS, digital goods, streaming content, cloud computing, digital advertising and cryptocurrency.

David A. Hughes Discusses New Jersey’s Partnership Filing Fee with Law360April 12, 2022

The U.S. Supreme Court recently denied a petition from a multistate business that claimed New Jersey’s partnership filing fee was unconstitutional. According to David A. Hughes, there was little question that New Jersey’s fee fails the internal consistency test.

Client Success: HMB Represents Hoosier Logistics in Sale to Direct Connect LogistixApril 7, 2022

HMB would like to congratulate Hoosier Logistics (“Hoosier”), an Indianapolis-based logistics and supply chain provider, on its successful sale to Direct Connect Logistix (“DCL”), a third-party transportation and logistics service provider.

Jordan M. Goodman Discusses Texas Supreme Court Decision with Law360April 5, 2022

In “Texas Decision Stymies Tax Agency Attempt At Policy Change by Law360, Jordan M. Goodman discusses the Texas Supreme Court's decision to reverse a lower appellate court’s ruling. Jordan says, “The Texas Supreme Court, in overturning the lower court, simply conducted a plain reading of the statute as it was drafted.”

Q&A Webinar: Cross-Border Asset Recovery with Rick S. Rein – 5/3/22March 31, 2022

Join HMB's Rick Rein for a 45-minute Q&A session that gives attendees the opportunity to ask our international asset recovery expert specific questions.

Client Success: Svoboda Capital Partners, LLC Announces Partnership with Horwitz, LLCMarch 28, 2022

HMB congratulates Svoboda Capital Partners, LLC (“SC”) on their partnership with Horwitz, LLC (“Horwitz”).

Aaron L. Hammer Shares Insight on Corporate Bankruptcies with S&P GlobalMarch 22, 2022

HMB’s Aaron L. Hammer predicts corporate bankruptcies will remain low this year in an S&P Global article.

Jordan M. Goodman Present an All State Update at TEI 2022 Tax School – State Session – 4/20/22March 16, 2022

Jordan M. Goodman will provide an All State Update for the Tax Executives Institute (“TEI”) Tax School.

David A. Hughes Shares Thoughts on Apple’s Lost Bid to Chicago’s “Netflix Tax” with Bloomberg TaxMarch 16, 2022

David A. Hughes found the court’s ruling surprising, as Apple had previously amended its complaint and tax matters are rarely dismissed for failure to sufficiently state a claim.

Jordan M. Goodman Participates in a Mock Trial at the UPPO Annual Conference – 3/30/22March 15, 2022

On March 30, Jordan M. Goodman will participate in a Mock Trial at the Annual Unclaimed Property Professional Organization.

Jordan M. Goodman Presents for YPO – 3/21/22March 15, 2022

Jordan M. Goodman is presenting, “Sales Tax in a Post Wayfair Environment” for YPO’s Southern 7 Chapter.

David A. Hughes and Samantha K. Breslow Present at the ICPAS Corporate Finance Conference – 3/22/22March 15, 2022

David A. Hughes and Samantha K. Breslow will provide a state and local tax update at the Illinois CPA Society Corporate Finance Conference.

Samantha K. Breslow Presents for the Chicago Bar Association’s State and Local Tax Committee – 3/16/22March 14, 2022

Samantha K. Breslow will provide a Chicago tax update for the Chicago Bar Association’s State and Local Tax Committee.

Jordan M. Goodman Presents at the 2022 ABA/IPT Advanced Tax Seminars – 3/15/22March 7, 2022

Jordan M. Goodman discusses trending SALT issues and policies with Professor Richard D. Pomp during the Annual “Big Easy Brawl” at the ABA/IPT Virtual 2022 Advanced Tax Seminars.

David A. Hughes Moderates for the 2022 ABA/IPT Advanced Tax Seminars – 3/16/22March 4, 2022

David A. Hughes moderates, “State Transfer Pricing: Challenges, Issues and Opportunities for Multistate Taxpayer” at the ABA/IPT Virtual 2022 Advanced Tax Seminars.

Jordan M. Goodman Discusses Priority Rules for Unclaimed Property Disputes with Law360February 28, 2022

Jordan M. Goodman Discusses Priority Rules for Unclaimed Property Disputes with Law360.

Jordan M. Goodman Presents at the 2022 COST Sales Tax Conference and Audit Session – 3/10/22February 24, 2022

Jordan M. Goodman is presenting, “Successful Pursuit of Transactional Tax Refunds – From Audit Through Appeals” at the 2022 COST Sales Tax Conference and Audit Session.

Client Success: Science on Call Raises $1.6MM in Pre-Seed FundingFebruary 23, 2022

HMB congratulates Science on Call on the closing of its $1.6 million in pre-seed funding. The Chicago startup will use the new funding to keep restaurants up and running by helping with outages, glitches and other tech challenges.

David A. Hughes Published in The Illinois Manufacturer – “The Illinois Unclaimed Property Self-Audit Program”February 14, 2022

In his article, David A. Hughes discusses how to approach unclaimed property self-audits and provides a brief history and overview of Illinois’s Unclaimed Property Act.

Client Success: LandscapeHub Closes $9MM in Series A FundingFebruary 11, 2022

HMB would like to congratulate LandscapeHub on the successful closing of their $9 million Series A round of funding.

Upcoming Webinar: David A. Hughes Presents, “Sales, Use and Excise Tax Cases: The Latest and Greatest” for the Chicago Tax Club – 2/8/22January 31, 2022

David A. Hughes and David Blum, Deputy Chair, Tax Practice Group at Akerman LLP, will discuss important sales, use and excise tax cases filed in 2021 that impact your business in this upcoming webinar.

Congratulations to HMB Attorneys Selected to the 2022 Illinois Rising Stars ListJanuary 31, 2022

Congratulations to Matthew Barrett and Marla Izbicky for being selected to the 2022 Illinois Rising Stars list.

Jordan M. Goodman Presents at the 2022 National Multistate Tax Symposium – 2/10/22January 26, 2022

Jordan M. Goodman presents, “Possibilities and Paths Forward in Multistate Taxation: Welcome Back,” at the 2022 National Multistate Tax Symposium on 2/10/22.

Aaron L. Hammer Discusses Corporate Bankruptcy Filings with S&P Market IntelligenceJanuary 18, 2022

Aaron L. Hammer discusses corporate bankruptcy filings with S&P Market Intelligence.

Jordan M. Goodman Continues His Conversation on the SALTovation Podcast – 1/10/22January 12, 2022

In the second episode of SALTovation’s two-part series, Jordan M. Goodman continues his conversation with Rich Pomp.

Client Success: Dunes Point Capital Announces the Sale of Specialty Products and InsulationDecember 29, 2021

Dunes Point Capital Announces the Sale of Specialty Products and Insulation.

Client Success: Dunes Point Capital Announces Hy-Tek Holdings’ Acquisition of Advanced Handling SystemsDecember 23, 2021

Hy-Tek Holdings ("Hy-Tek"), a portfolio company of Dunes Point Capital, LP ("DPC") has acquired Advanced Handling Systems, LLC ("AHS"). AHS, located in Erlanger, KY, is a material handling automation integrator offering a full suite of services with a focus on robotic solutions. Located in Columbus, OH, Hy-Tek Holdings is a material handling automation integrator serving clients in diverse end markets…

Jordan M. Goodman Discusses SALT Issues on the SALTovation Podcast – 12/13/21December 14, 2021

Jordan M. Goodman Discusses SALT Issues on the SALTovation Podcast.

Client Success: Aegon Asset Management and Avenue Capital Group Closes $50MM in Growth FinancingDecember 9, 2021

HMB congratulates clients Aegon Asset Management and Avenue Capital Group which recently announced the closing of a $50 Million growth financing round in Intellihot to advance innovative green technologies.

HMB Elevates Matthew R. Barrett, Jenna E. Stein and Raymond J. Jacobi III to PartnerDecember 6, 2021

HMB is pleased to announce that Matthew R. Barrett, Jenna E. Stein and Raymond J. Jacobi III have been elevated to Partner. “We are delighted to have Matt, Jenna and Ray as Partners at HMB,” said Jeff Hechtman, HMB's Managing Partner. “I am very proud of each of them and all they have accomplished, and know they will do great…

David S. Ruskin Presents, “Before the Application: Preparation, Team Building, Business Structure and Capitalization” at NCIA’s Cannabis Summit – 12/15/21December 6, 2021

David S. Ruskin Presents, “Before the Application: Preparation, Team Building, Business Structure and Capitalization” at NCIA’s Cannabis Summit.

Upcoming Presentation: “Notes from the Courtroom: An Update on State Corporate Income Tax Litigation Across the Country” at COST’s Mid-West Regional State Tax Hybrid Meeting – 12/16/21December 3, 2021

Jordan Goodman presents, "Notes from the Courtroom: An Update on State Corporate Income Tax Litigation Across the Country."

Client Success: HMB Represents Long-time Client and Social Enterprise LuminAID in Sale to Leading Provider of Outdoor Recreation ProductsDecember 1, 2021

HMB Represents Long-time Client and Social Enterprise LuminAID in Sale to Leading Provider of Outdoor Recreation Products.

Jordan M. Goodman Interviewed by Law360: “7 Things Tax Pros Are Grateful For This Thanksgiving Season”November 30, 2021

Jordan M. Goodman Interviewed by Law360: “7 Things Tax Pros Are Grateful For This Thanksgiving Season”.

Client Success: Loft Growth Partners Leads Investment in Back to the RootsNovember 29, 2021

HMB would like to congratulate Loft Growth Partners on its partnership with Back to the Roots.

HMB Welcomes Dante Wen to its Bankruptcy, Reorganization & Creditors’ Rights PracticeNovember 29, 2021

HMB is pleased to welcome Dan Wen to its growing Bankruptcy, Reorganization & Creditors’ Rights practice.

Jeffrey A. Hechtman and Aaron L. Hammer Share Deal Making Insights at the Mid-Market Dealmaker Symposium – 12/15/21November 19, 2021

Jeffrey A. Hechtman and Aaron L. Hammer Discuss Deal Making Insights at the Mid-Market Dealmaker Symposium.

Client Success: Svoboda Capital Partners LLC Announces Recapitalization of The VariableNovember 15, 2021

Client Success: Svoboda Capital Partners LLC Announces Recapitalization of The Variable.

David A. Hughes and Samantha K. Breslow Discuss Chicago’s Cloud Tax and Audits with Bloomberg LawNovember 11, 2021

David A. Hughes and Samantha K. Breslow Discuss Chicago’s Cloud Tax and Audits with Bloomberg Law.

Aaron L. Hammer and Nathan E. Delman Present, “I Don’t Wanna Hear It! – All About the Equitable Mootness Doctrine” at the CBA Bankruptcy and Reorganization Committee Meeting – 11/17/21November 9, 2021

Aaron L. Hammer and Nathan E. Delman Present, “I Don’t Wanna Hear It! – All About the Equitable Mootness Doctrine” at the CBA Bankruptcy and Reorganization Committee Meeting.

HMB Named to U.S. News – Best Lawyers® 2022 “Best Law Firms”November 4, 2021

HMB Named to U.S. News – Best Lawyers ® 2022 “Best Law Firms”.

David A. Hughes Moderated, the SALT Roundtable at the ABA Virtual Fall Tax Meeting – 9/20/21November 3, 2021

David A. Hughes Moderated, the SALT Roundtable at the ABA Virtual Fall Tax Meeting.

David A. Hughes Moderated, “Income Tax Nexus: Implications of Wayfair” at the ABA Virtual Fall Tax Meeting– 9/20/21November 3, 2021

David A. Hughes Moderated, “Income Tax Nexus: Implications of Wayfair” at the ABA Virtual Fall Tax Meeting.

David A. Hughes Presented, “State and Local Tax Issues for a Mobile Workforce” at the Association of Consumer Vehicle Lessors – 10/19/21November 3, 2021

David A. Hughes Presented, “State and Local Tax Issues for a Mobile Workforce” at the Association of Consumer Vehicle Lessors.

Client Success: Dunes Point Capital Announces Premium Label & Packaging Solutions Acquisition of Luminer Converting GroupNovember 3, 2021

Dunes Point Capital, LP Announces Premium Label & Packaging Solutions LLC’s Acquisition of Luminer Converting Group, LLC.

David A. Hughes Presents, “State and Local Tax Issues in Corporate M&A” at the Practising Law Institute in Chicago – 11/11/21November 3, 2021

David A. Hughes Presents, “State and Local Tax Issues in Corporate M&A” at the Practising Law Institute in Chicago.

David A. Hughes and Jordan M. Goodman Present A “SALT Update” at the AGN Annual Conference in Miami – 11/09/21November 2, 2021

David A. Hughes and Jordan M Goodman present at the AGN Annual Conference in Miami.

Jordan M. Goodman Presents, “WOW, That was One Heck of a Year. What Happened and How it Will Affect You – A SALT Perspective” at the CPAmerica 2021 Tax Conference – 11/08/21November 1, 2021

Jordan M. Goodman presents at the CPAmerica 2021 Tax Conference.

Jordan M. Goodman Presents, “All Things Digital – There’s a Tax For That” at the MICPA Michigan Tax Conference – 11/04/21October 29, 2021

Jordan M. Goodman presents at the MICPA Michigan Tax Conference.

David A. Hughes and Samantha K. Breslow Present, “Cloudy with a Chance of SaaS: An Update on the Chicago Lease Transaction Tax” at Chicago’s Tax Club’s 67th Annual Fall Seminar – 10/28/2021October 27, 2021

David A. Hughes will be moderating, and Samantha K. Breslow will be presenting a session at the Chicago Tax Club’s 67th Annual Fall Seminar.

Fred O. Marcus Discusses “Accounting, Tax and Legal Considerations for the Cannabis Industry in California” at the 2021 Annual Meeting of the California Bar and California Tax Policy Conference – 11/5/21October 27, 2021

Fred O. Marcus discusses the cannabis industry and how it continues to establish itself in California.

Client Success: HMB Represents Classic Journeys in Sale to Global Provider in Experiential Travel OfferingsOctober 25, 2021

Client Success: HMB Represents Classic Journeys in Sale to Global Provider in Experiential Travel Offerings.

Client Success: Dunes Point Capital, LP Announces Specialty Products and Insulation’s Acquisition of Amerisafe, Inc.October 21, 2021

SPI, a portfolio company of DPC, has acquired Amerisafe.

Samantha K. Breslow Presents at NASBTS’s 42nd Annual Conference – 10/22/21October 20, 2021

Samantha K. Breslow present at the Annual National Association of State Bar Tax Sections (“NASBTS”) Conference.

Client Success: Deck Commerce Closes $7.8MM in Series A Funding Led by Plymouth GrowthOctober 14, 2021

HMB would like to congratulate Deck Commerce on the closing of their Series A funding led by Plymouth Growth.

Jordan M. Goodman Presents, TFI’s State and Local Tax Series: “SALT-y Ethics” for the Taxpayer’s Federation of Illinois – 10/7/21October 6, 2021

Jordan M. Goodman will discuss Illinois and national ethics standards for both attorneys and accountants and how they come into play in the state and local tax world for the Taxpayer’s Federation of Illinois.

HMB Retained as Counsel to Official Committee of Unsecured Creditors of Something Sweet Acquisition, Inc.October 1, 2021

On July 26, 2021, the Official Committee of Unsecured Creditors of Something Sweet Acquisition, Inc. selected HMB Legal Counsel (“HMB”) as its counsel, with the U.S. Bankruptcy Court for the District of Delaware approving HMB’s retention on September 23, 2021. Something Sweet Acquisition, Inc. and Something Sweet, Inc. (together “Something Sweet”) are industry leaders in the production and sale of…

HMB Welcomes Caitlyn Bunker and Emily Salomone into the Fall 2021 Law Clerk ProgramSeptember 30, 2021

HMB is thrilled to welcome Caitlyn and Emily into its Fall 2021 Law Clerk Program! Many HMB attorneys, including partners, started out in this program. Law Clerks are given the opportunity to explore the firm’s practice areas while collaborating with Associates and Partners. Only law students in the top 30% of their class with at least one year in law…

Jordan M. Goodman Presents, “Goodman v. Pomp” at the 28th Annual Hartman State and Local Tax Forum – 10/29/21September 27, 2021

Jordan M. Goodman presents, "Goodman v. Pomp" at the Hartman SALT Forum.

Client Success: Dunes Point Capital Acquires All-Lift Systems, IncSeptember 10, 2021

Located in Neenah, WI, All-Lift is a provider of aftermarket services and parts for overhead cranes and other lifting equipment, including OSHA mandated inspections, safety-critical parts and repairs, and crane equipment. All-Lift has three facilities in Wisconsin and Michigan and employs approximately 100 people.

Client Success: HAAS Alert Raises $5M to Take Cellular V2X Network NationwideSeptember 7, 2021

HMB would like to congratulate HAAS Alert on the closing of their equity financing round. The $5M in investment capital will support the nationwide expansion of Safety Cloud, the leading automotive digital alerting system that’s standard on emergency and roadway fleet vehicles. HAAS Alert’s platform enables real-time safety alerts between vehicles and connected infrastructure (V2X) to reduce the risk of…

Client Success: HMB Congratulates Impact Investment Fund Beyond Capital Ventures on its Investment in Vieberg TechnologiesSeptember 1, 2021

Beyond Capital Ventures invests in next wave innovation addressing the growing needs of 1 billion+ consumers in India and East Africa. The firm first closed in Spring 2021 and will invest in conscious leaders building businesses to address growing needs in “need-to-have” sectors, primarily in healthcare, agriculture and financial inclusion. 

Jeffrey A. Hechtman, Richard M. Horwood, Rick S. Rein and Jeffrey A. Zaluda Named to Best Lawyers in America 2022 ListAugust 19, 2021

Jeffrey A. Hechtman, Richard M. Horwood, Rick S. Rein and Jeffrey A. Zaluda were named to Best Lawyers in America 2022 and Alicia A. Handy was named to the Best Lawyers 2022 Ones to Watch List.

HMB Prevails For Equity Holders In 8th Circuit Decision Nearly Abolishing Chapter 11 “Equitable Mootness” DoctrineAugust 13, 2021

HMB’s Bankruptcy, Reorganization and Creditors’ Rights Team including Aaron Hammer, Nathan Delman and the late John Guzzardo, representing FishDish, LLP, preferred shareholders holders of the bankrupt VeroBlue Farms USA, Inc. at the U.S. Court of Appeals for the Eighth Circuit, successfully argued that the District Court prematurely dismissed FishDish’s appeal by improperly invoking the judicial doctrine known commonly known as “Equitable Mootness.”

Client Success: Dunes Point Capital, LP Announces Specialty Products and Insulation's Acquisition of Thermaxx, LLCAugust 12, 2021

Specialty Products and Insulation ("SPI"), a portfolio company of Dunes Point Capital, LP ("DPC"), has acquired the assets of Thermaxx, LLC ("Thermaxx"). Headquartered in Charlotte, NC, SPI is a value added distributor and fabricator of mechanical insulation and complementary products for commercial and industrial applications. SPI's products help conserve energy, preserve worker safety and provide noise abatement. SPI currently operates 57…

Kentucky Apportionment UpdateAugust 12, 2021

Effective January 1, 2021 Kentucky eliminated its Bank Franchise Tax ("BFT")and instead subjected financial institutions and financial organizations to the state's existing Corporate Income Tax ("CIT") and Limited Liability Entity Tax ("LLET").

Client Success: Dunes Point Capital Portfolio Company Ehrhardt Automation Systems Acquires Automation and Controls Solutions Provider SAF DrivesAugust 9, 2021

Ehrhardt Tool and Machine, LLC, dba Ehrhardt Automation Systems ("EAS"), a portfolio company of Dunes Point Capital, LP ("DPC") acquires SAF Drives Inc ("SAF Drives"). DPC was represented by HMB’s Private Equity Team, including Corporate Associates Raymond J. Jacobi III and Payal J. Patel.

Jordan M. Goodman Presented, "Three Years of South Dakota v. Wayfair: Marketplace Nexus - Part III" for the Sales Tax InstituteJuly 29, 2021

In this series by Sales Tax Institute, Three Years of South Dakota v. Wayfair: is discusses how the South Dakota v. Wayfair decision has changed the landscape for businesses over the past three years. The second wave of sales tax nexus legislation following the 2018 Wayfair decision was marketplace nexus or marketplace facilitator collection legislation. In simple terms, this type…

Jordan M. Goodman Presented, "Three Years of South Dakota v. Wayfair - Part I" for the Sales Tax InstituteJuly 29, 2021

In this series by Sales Tax Institute, Three Years of South Dakota v. Wayfair discusses how the South Dakota v. Wayfair decision has changed the landscape for businesses over the past three years. On June 21, 2018, the U.S. Supreme Court released its fateful decision in South Dakota v. Wayfair. The Wayfair decision upended decades of the physical presence standard for…

David Hughes Presented Classes as an Instructor for the Sales Tax Institute’s Advanced WorkshopJuly 28, 2021

David Hughes via the Sales Tax Institute, presented classes "Construction Industry Update" and "Breaking Down Local Taxes: Compliance & Audit Challenges" as an instructor. David presented "Construction Industry Update" on 4/20/21 and "Breaking Down Local Taxes: Compliance & Audit Challenges" on 5/5/21. In "Construction Industry Update", David discusses legislative updates, administrative process and audit issues and more. In "Breaking Down…

David Hughes Named Vice Chair of the ABA State and Local Tax CommitteeJuly 27, 2021

David Hughes was named Vice Chair of the American Bar Association's State and Local Tax Committee. Founded in 1878, the ABA is committed to advancing the rule of law across the United States and beyond by providing practical resources for legal professionals, law school accreditation, model ethics codes and more. David advises Fortune 500 companies, privately-held companies, middle-market businesses and…

David Hughes and Jordan M. Goodman presented "An Overview of Gross Receipts Tax" at the AGN Summer SALT Update - 6/1/21July 27, 2021

6/1/21 During this webinar for AGN, David Hughes and Jordan M. Goodman provide an update on recent developments in the world of State and Local Tax. The mission of AGN is to enable its members to globally support businesses and individuals with high standards, straight forward & practical business advice and local commercial know-how, wherever the need arises. AGN member’s…

David Hughes Moderated the SALT Roundtable at the ABA Tax Conference - 5/10/21July 27, 2021

5/10/21 Join David Hughes as he moderates the SALT Roundtable at the ABA Tax Conference. The SALT Committee will be discussing related issues in a virtual version of its traditional “Saturday Morning Roundtable.”  …

David Hughes Presents, "The Latest In Unclaimed Property" at the Spring Tax Meeting for the Association of Consumer Vehicle Lessors - 5/3/21July 27, 2021

5/3/21 David Hughes discusses recent developments and trends in unclaimed property to the Association of Consumer Vehicle Lessors. The Association of Consumer Vehicle Lessors is the trade association of major retail automobile lessors who share the belief that high ethical standards of conduct and vigorous competition are the best ways to foster the growth of and public confidence in consumer…

Samantha K. Breslow Discusses Tips for Women in Tax Careers in the Sales Tax Institute Series, "Women to Watch in Sales Tax"July 27, 2021

In the Sales Tax Institute's series, Women to Watch in Sales Tax, hosted by Diane Yetter, Samantha K. Breslow discusses tips for women navigating their careers in tax. Throughout this challenging last year, Sam has thrown herself into developing industry specific expertise in SaaS and cloud based computing. She recommends each individual professional learn how to get creative and market…

Jordan M. Goodman Presented, "Three Years of South Dakota v. Wayfair: The Cost of Compliance on Businesses - Part IV" for the Sales Tax InstituteJuly 26, 2021

In Part IV of the Three Years of South Dakota v. Wayfair series by Sales Tax Institute, Jordan M. Goodman, with Diane Yetter for Sales Tax Institute takes a look at local tax issues following the Wayfair decision. Tune in to learn why local taxes have become such a huge headache, what could be improved and how states are trying…

Client Success: HMB Congratulates Everywhere Wireless on Growth Capital Investment with Boston-based Private Equity FirmJuly 23, 2021

HMB would like to congratulate Everywhere Wireless, a preeminent Internet service provider in Chicago, and CEO and Founder Keegan Bonebrake and the rest of the Everywhere Wireless team on a successful investment round with M/C Partners ("M/C"), a Boston-based communications and technology focused private equity firm. Everywhere Wireless, one of the largest private Internet Service Providers to multi-family and commercial…

Client Success: Lindenmeyr Munroe Obtains $1M Judgment Plus 5% Prejudgment Interest Per AnnumJuly 14, 2021

HMB assisted its client, Central National Gottesman, Inc. d/b/a Lindenmeyr Munroe ("LM") in obtaining a judgment against J.S. Paluch, Inc. in the amount of $1,013,476.19 plus 5% prejudgment interest per annum. HMB initiated litigation on behalf of Lindenmenyr Munroe in late 2019 seeking judgment in its favor for unpaid invoices and breach of a promissory note. The complaint alleged two…

Client Success: Innvision Hospitality Collects Texas JudgmentJuly 13, 2021

On October 23, 2018, Innvision Hospitality ("the defendant") obtained a judgment against Snowhite Textile ("Snowhite") for $250,000. The judgment became final on February 2, 2021. HMB's Litigation team, led by Rick S. Rein, was brought onto the case on March 30, 2021, because the defendant's company and assets were located in Illinois. The judgment was registered in state on April…

Jeffrey A. Hechtman and Elise Anderson Present and Brett M. Winterstein Moderates "Equity Rollovers in Private Equity Transactions" for AMAA - 7/13/21July 13, 2021

7/13/21 4:30PM - 6:00PM CT The Midwest Chapter is hosting an interactive and enlightening panel discussion on the role of rollover equity in M&A transactions including what you need to know as a seller or buyer to protect your interests in transactions involving rollover equity. Prior to the panel discussion Chapter Leaders and Staff will provide updates on local and…

Jordan M. Goodman Presented, "Three Years of South Dakota v. Wayfair: The Cost of Compliance on Businesses - Part II" for the Sales Tax InstituteJuly 12, 2021

In this second part of the series by Sales Tax Institute, Jordan M. Goodman, with other presenters, discusses how the South Dakota v. Wayfair decision has changed the landscape for businesses over the past three years. Part II takes a look at the cost of compliance on businesses following the decision with an emphasis on how it has impacted technology…

Samantha K. Breslow Presents, "Income Tax Legislation/Regulatory Developments Due to COVID" for the IPT Reconnect Conference - 7/29/2021July 12, 2021

7/29/21 4:15PM The pandemic has been a driver of many changes to the world as we know it. The concept of the workplace has drastically changed and the global economy has been transformed. As state governments experienced substantial revenue shortfalls because of COVID-19, they scrambled to adapt to these transformations. In this session, Samantha K. Breslow will address state income…

Jordan M. Goodman Presents, "The Legacy of Wayfair: Where do we stand now on nexus and taxation of remote sellers?" for CPAmerica - 7/27/2021July 8, 2021

7/27/2021 Join Jordan M. Goodman for this program that will take a look at the nexus standards in the three years from when Wayfair was decided by the U.S. Supreme Court. Jordan will examine the current nexus laws for not only sales tax, but income tax, occupation taxes and other taxes imposed by state and local governments. He will also…

In Remembrance of Joshua J. HaberkornJune 30, 2021

It is with great sadness that we inform you of the untimely passing of our dear friend and colleague, Joshua Haberkorn. Josh passed away on June 24th at the age of 31 after a long and heroic battle with cancer. Josh was a talented attorney with an incredible work ethic and a contagious smile. Josh started at HMB as a…

Client Success: Dunes Point Capital, LP Announces Specialty Products and Insulation's Acquisition of NewStar Solutions Inc.June 30, 2021

Specialty Products and Insulation ("SPI"), a portfolio company of Dunes Point Capital, LP ("DPC"), has acquired the assets of NewStar Solutions Inc. ("NewStar").

Jordan M. Goodman Discusses Key Measures Passed by Illinois Lawmakers in "Key State Business Tax Legislation To Know From 2021" with Law360June 30, 2021

Read the full article by Law360 here (subscription required). In a year when states focused on shaking off the effects of the coronavirus crisis, some changed business tax regimes to build their coffers while others, flush with federal pandemic relief cash, advanced significant tax cuts. An Illinois budget bill signed into law by Gov. J.B. Pritzker pauses the phaseout of…

Client Success: Social Storytelling Platform PechaKucha Raises $2.7M in Seed FundingJune 29, 2021

HMB would like to congratulate PechaKucha, a social storytelling platform that has been used by millions of people across the globe, and CEO and Co-founder Sean Smyth and the rest of the PechaKucha team on a $2.7 million Seed funding round. PechaKucha, based in Chicago and Tokyo, is a fast-growing storytelling platform used by millions of people across the globe. Content creators, schools,…

Client Success: Dunes Point Capital, LP Announces Best in Class Technology's Acquisition of Thayer Corporation and Dyer ServiceJune 21, 2021

Best in Class Technology Services ("BCTS"), a portfolio company of Dunes Point Capital, LP ("DPC"), has acquired Thayer Corporation and Dyer Service. Headquartered in Birmingham, AL, BCTS is a provider of commercial HVAC aftermarket services including maintenance, repair and project work. BCTS has 14 locations across seven states and employs over 500 people. For more information, please visit Vulcan Mechanic…

Client Success: HMB Represents Parkonect in Sale to Leader in Flexible Technology Solutions for Urban Real EstateJune 21, 2021

HMB would like to congratulate Parkonect, a cloud-born, mobile-first parking technology company delivering Parking Access and Revenue Control, and its CEO Harlan Karp and the Parkonect team on a successful sale to FLASH, a leader in flexible technology solutions for urban real estate. Parkonect helps properties by facilitating connectivity and mobility in parking assets via real-time intelligence and digital commerce…

Client Success: Dunes Point Capital, LP Announces Hy-Tek's Acquisition of BP ControlsJune 21, 2021

Hy-Tek Holdings ("Hy-Tek"), a portfolio company of Dunes Point Capital, LP ("DPC"), has acquired BP Controls Inc. and Nogol Electric LLC (collectively "BP Controls"). Located in Columbus, OH, Hy-Tek Holdings is a material handling automation integrator serving clients in diverse end markets and applications, including ecommerce, third party logistics and parcel. DPC was represented by HMB’s Private Equity Team. Tax Partner Kenneth…

HMB welcomes Kynat Akram, Leah Beukelman and Joseph Franke into the 2021 Summer Law Clerk ProgramJune 16, 2021

HMB is proud to welcome Kynat, Leah and Joseph into its 2021 Summer Law Clerk Program! The program offers professionals who are motivated to solve interesting problems and driven to make a difference for clients the opportunity to learn more about which practice areas interest them while building their professional network. Working close with associates and senior partners, Kynat, Leah…

In Remembrance of John W. GuzzardoJune 11, 2021

It is with great sadness that we inform you of the untimely passing of our dear friend and colleague, John Guzzardo. John passed away on Friday, June 4th at the age of 49 due to a car crash while on vacation with his family in California. John was a Partner at HMB, the Chair of the firm’s Litigation Group, a mentor to many and a friend to all.

Jordan M. Goodman Presents, "Tax & Business Implications of COVID-19" to the IPT Reconnect Conference - 7/28/21June 7, 2021

7/28/21 Austin, TX Join Jordan M. Goodman for this session that will lay the groundwork for all that happened while you were socially distancing during the pandemic. It will examine the most relevant happenings in sales tax, property tax, income tax and credit/incentives disciplines that the SALT community has not been able to discuss in a public forum. IPT is…

Samantha K. Breslow Discusses Illinois Lawmakers Approving Budget with GILTI Addback with Law360June 2, 2021

In an article by Law360, Samantha K. Breslow discusses Illinois Lawmakers approving the budget with GILTI addback. Read the full article by Law360 here. Illinois would require an addback for certain global intangible low-taxed income deductions, halt a phaseout of its franchise tax and temporarily cap net operating loss deductions under a $42.3 billion fiscal year 2022 budget that lawmakers…

David A. Hughes Presents, "Illinois Spring Legislative Wrap-Up" for the Chicago Tax Club - 6/9/21May 25, 2021

6/9/21 11:30AM - 12:45PM CT In this presentation for the Chicago Tax Club, David A. Hughes, with Korwin Roskos and Jacob Seitz from Andersen and Illinois Chamber Tax Institute Executive Director Keith Staats, will discuss the tax-related legislation passed – or not passed - by the Illinois General Assembly during the spring legislative session. This presentation qualifies for CPE and…

Jordan M. Goodman Presents, "COVID's Work From Home Impact on State Income Taxes" for the IPT State Income Tax Webinar - 5/18/21May 14, 2021

5/18/21 1:00PM - 2:00PM ET Employers and employees are facing a conundrum: work from home (WFH) or return to the office. Factoring in the lack of a commute, more family time and increased flexibility, many employees have requested the WFH arrangement become permanent. Many employers are seeking to comply to remain competitive for the best talent. However, once employees are…

Client Success: HMB Represents Spraoi in Sale to Global Market Leader in Core Systems for Life, Accident and Health InsuranceMay 13, 2021

HMB would like to congratulate DigIn Technologies, LLC d/b/a Spraoi, a leading provider of machine learning capabilities for the Group Life and Employee Benefits industry, and its Co-Founders Karan Mishra, Matthew O’Mara and Santoash Rajaram, on a successful sale to FINEOS Corporation, a global market leader in core systems for life, accident and health insurance. Spraoi is an insurance technology…

Federal Eviction Moratorium OverturnedMay 11, 2021

On September 4, 2020, the U.S. Department of Health and Human Services (“HHS”) through the Centers for Disease Control and Prevention (“CDC”) enacted a nationwide eviction moratorium that bans landlords from evicting residential tenants who are unable to pay rent (“CDC Order”).  On May 5, 2021, the U.S. District Court for the District of Columbia vacated the CDC Order, holding…

Jordan M. Goodman Presents, "The State of the States" for the FICPA MEGA Conference - 6/9/21May 6, 2021

6/9/21 10:05AM - 10:55AM, 11:00AM - 11:50AM This 2-part presentation presented by Jordan M. Goodman, will get the audience up to date on recent state and local tax cases and statutory changes that will affect their client's business. Examine when a state can impose its taxing jurisdiction on an out-of-state business and what taxpayers can do to protect themselves; Learn…

David S. Ruskin Presents, "Cultivating Cannabis: The Environmental Concerns Associated with Illinois' Most Recent Economic Boon" for the ISBA - 6/15/21May 6, 2021

6/15/21 Cannabis cultivation is an industry with great economic promise, but the potential environmental cost of Illinois’ most recent economic boon needs to be acknowledged. Join David S. Ruskin and James M. Jennings (Illinois Environmental Protection Agency), Cary J. Shepherd (Bluhm Legal Clinic, Northwestern Pritzker School of Law) and Kaitlin Urso (Colorado Department of Public Health & Environment) for this in-depth look…

Updates on Illinois Craft Cannabis Association v. State of IllinoisApril 28, 2021

Illinois Craft Cannabis Association (“ICCA”) v. The State of Illinois, Governor J.B. Pritzker, the Illinois Department of Agriculture and its director, Jerry Costello II, Case No. 2020 CH 06247 Since our last update on the ICCA’s lawsuit against the State of Illinois, much has happened, but unfortunately nothing has changed. The delays continue for the hundreds of Craft Grower, Infuser…

Force Majeure and COVID-19April 27, 2021

A year ago, during the initial stages of the COVID-19 pandemic, it seemed timely to explore force majeure provisions and legal theories that would permit a party to suspend its contractual obligations under certain circumstances.  At the time, it was unclear how courts would interpret force majeure provisions that did not expressly include a pandemic or epidemic within its list…

Client Success: Svoboda Capital Announces Partnership with Marcus ThomasApril 27, 2021

Svoboda Capital Partners ("SCP"), a private equity firm, announced its recapitalization of Marcus Thomas LLC ("MT"), a full-service marketing and advertising agency. HMB represented SCP in the recapitalization. Financial details of the transaction were not disclosed. SCP is a Chicago-based private equity firm that invests in leading middle market growth companies. Founded in 1998, the SCP team has more than…

Client Success: HMB Represents Vetspire in Sale to Industry Leading Veterinary Management Group Pathway Vet AllianceApril 26, 2021

HMB would like to congratulate Vetspire, an artificial intelligence veterinary medical record and practice management platform, and founder Sam Ginn on a successful sale to Pathway Vet Alliance ("Pathway"), an industry leading veterinary management group serving pets and their parents at more than 400 locations throughout the U.S. Terms of the acquisition were not disclosed. Founded in 2017, Vetspire’s software…

Jordan M. Goodman Presents, "All State Update" for the 2021 TEI Dallas/Fort Worth Tax School Webcast - 4/21/21April 20, 2021

4/21/21 1:45PM The TEI Dallas Chapter have asked Jordan M. Goodman to take a tour of the countries’ state tax decisions and explain their impact on multi-state business. They will also identify trends around the country in the SALT area and offer advice on how to address state audit positions.…

Jordan M. Goodman Named to Law360's 2021 Tax Authority State & Local Tax Advisory BoardApril 20, 2021

Law360 named Jordan M. Goodman as a part of the 2021 State & Local Tax editorial advisory board. The board provides feedback on Law360's coverage and expert insight on how best to shape future coverage. On the board with Jordan is Alvan L. Bobrow of Barton LLP, John Fletcher of Jones Walker LLP, Richard Jones of Sullivan & Worcester LLP,…

Client Success: HMB Represents Lightstream in Sale to UK-based Publicly Traded Company Vitec GroupApril 15, 2021

HMB would like to congratulate Lightstream and its CEO and Co-founder Stu Grubbs, COO and Co-founder Aaron Hassell, CCO and Co-founder Ryan Forquer and Principal Engineer and Co-founder Dan Trocchio on a successful sale to Creative Solutions, a division of Vitec Group, a UK publicly traded company on the London Stock Exchange. Lightstream is a US-based tech company that builds…

Client Success: Dunes Point Capital, LP Announces Premium Label & Packaging Solutions' Acquisition of Label Graphics Manufacturing, Inc.April 15, 2021

Premium Label & Packaging Solutions, LLC ("PLPS"), a portfolio company of Dunes Point Capital, LP ("DPC"), has acquired Label Graphics Manufacturing, Inc. ("LGM"). Headquartered in Rye, NY, PLPS is a group holding company for specialty label converters producing custom pressure-sensitive labels, shrink sleeves and related packaging products for the health, wellness, personal care, food and beverage and other markets. DPC…

Jordan M. Goodman and Dakota S. Newton Present, "The State of the States: How States are Approaching the CARES Act, Remote Employees & Nexus in the COVID Era" for the Chicago Tax Club - 5/4/21April 14, 2021

5/4/21 1:00PM CT In this webinar for the Chicago Tax Club, Jordan M. Goodman and Dakota S. Newton review the state-level approaches to the NOL and PPP provisions of the CARES Act, discuss issues related to remote employees and provide an update on how these are affecting income and sales tax nexus. This webinar qualifies for CPE credit. Register for…

New Supreme Court Decision Regarding the Telephone Consumer Protection Act of 1991April 14, 2021

The Supreme Court’s decision effectively means that a company can utilize devices that automate calls and texts, as long as that device cannot use a random or sequential number generator to either store or produce the telephone number.

Client Success: HMB Represents Skubana in Sale to Cloud-based Warehouse Management Systems Leader 3PL CentralApril 12, 2021

HMB congratulates Skubana in their strategic sale to 3PL Central ("3PL"), expanding their supply chain technology and filling an important gap in the ecommerce and omnichannel ecosystem. The combination of Skubana's intelligent order orchestration with 3PL Central's extensive network of warehouses offering ecommerce fulfillment and retail replenishment is expected to open a new chapter in software, allowing companies to have…

Corporate Bankruptcies in 2021 and BeyondApril 12, 2021

CHAPTER 11 FILINGS IN 2020 AND BEYOND Unless your January 2020 payroll included Nostradamus, the forthcoming global pandemic and resulting mass quarantines were largely unforeseeable. Last year’s unpredictability did, however, lead to the rather predictable material increase in Chapter 11 bankruptcy filings. Epiq Companies recently reported to the American Bankruptcy Institute that commercial Chapter 11 filings increased 29% in 2020.…

Client Success: WorkChew Announces $2.5M Series Seed Funding RoundMarch 30, 2021

HMB would like to congratulate WorkChew and its co-founders, Maisha Burt and Allyson McDougal on a successful funding round. WorkChew, a startup that turns hotels and restaurants into on-demand flexible workspaces, raised $2.5 million. With WorkChew, company employees can access workspaces wherever they are: whether in an urban corridor or a suburb outside of a major city. Membership is often…

Aaron L. Hammer Featured in the March 2021 TMA Quarterly NewsletterMarch 29, 2021

Aaron L. Hammer was featured on the cover of Turnaround Management Association Chicago's Newsletter of Corporate Renewal celebrating its 30 year anniversary. The newsletter celebrates the TMA's focus on growing networks, identifying business opportunities, adding to its members' knowledge base, providing leadership and having fun with great people. As Aaron said, "TMA is -- and always will be -- family.…

Jordan M. Goodman Discusses Chicago's Guidance and Economic Nexus Safe Harbor with State Tax NotesMarch 25, 2021

In this article by State Tax Notes, Jordan M. Goodman discusses Chicago's guidance and economic nexus safe harbor. Download the full article here. Speaking during the Virtual 2021 American Bar Association/Institute for Professionals in Taxation Advanced Sales and Use Tax Seminar on March 15, Jordan applauded the city for issuing the guidance. The city “actually did something that I have…

Jordan M. Goodman Presents a Mock Trial for the Unclaimed Property Professionals Organization Conference - 3/30/21March 17, 2021

3/30/21 9:15AM - 10:15AM Jordan M. Goodman will present a mock trial with the UPPO Conference. This mock experience will utilize recent unclaimed property cases as the backdrop. Register for the event here. Request a copy of the presentation here.…

Client Success: Dunes Point Capital, LP Announces Specialty Products and Insulation's Acquisition of Building Insulation DistributorMarch 11, 2021

Specialty Products and Insulation ("SPI"), a portfolio company of Dunes Point Capital, LP ("DPC"), has acquired Rocky Mountain Construction Wholesale, LLC ("RMCW"). Headquartered in Charlotte, NC, SPI is a value added distributor and fabricator of mechanical and building insulation products and complementary products for commercial and industrial applications. The Company currently operates 56 distribution branches and 13 co-located fabrication facilities…

Client Success: AeroPay Raises $5M+ in Venture RoundMarch 10, 2021

HMB congratulates Aeropay, a Chicago-based digital payments platform powering bank transfer payments for businesses, and CEO and Founder Daniel Muller on announcing the closing of a $5+ million venture round. AeroPay is a next-generation payments company, reimagining the way money is moved in exchange for goods and services. Since its founding, AeroPay has operated with the goal of simplifying payments…

Nathan E. Delman Presents a Webinar, "Supreme Court and Seventh Circuit Caselaw Update" for the Chicago Bar Association - 3/17/21March 9, 2021

3/17/21 Chicago, IL The lively duo of Nathan E. Delman and Michael Miller from the Semrad Law Firm will get you caught up on the latest and greatest in both commercial and consumer bankruptcy law developments from the Seventh Circuit and the Supreme Court. Register for the event here.     …

Jordan M. Goodman Presents a Webinar, "The Annual Big Easy Brawl" for the ABA-IPT Advance Tax Virtual Seminar - 3/15/21March 8, 2021

3/15/21 11:15AM - 12:45PM ET The Annual “Big Easy Brawl” is back! A test of ideas and perspectives on current and trending SALT issues and policies - and a bit of controversy - with Jordan M. Goodman and Professor Rick Pomp of the UCONN School of Law. The two SALT Sages bring years of experience to share insights and discuss…

David S. Ruskin Presents a Webinar, "Banking in the Marijuana Industry" for the Seminar Group - 3/4/21March 3, 2021

3/4/21 1:30PM ET Join David S. Ruskin as he presents a webinar with Christopher Pippett of Fox Rothschild LLP for the Seminar Group. This presentation will cover the challenges of banking in the cannabis industry, as part of a bigger seminar on Illinois and Michigan. This seminar will cover topics directly related to medical and adult use cannabis laws and regulations under…

David A. Hughes Elected to the Chicago Tax Club Board of DirectorsMarch 2, 2021

HMB congratulates David A. Hughes on being elected to the Chicago Tax Club Board of Directors. David is a partner in HMB’s State and Local Tax (SALT) Group and is a member of HMB's Board of Directors. He helps clients limit their state and local tax exposure through sensible planning and, when necessary, vigorous litigation strategies. David advises Fortune 500…

David A. Hughes Presents and Moderate the Webinar, "What to do with Public Law 86-272?" at the ABA-IPT Conference - 3/17/21March 2, 2021

3/17/21 David A. Hughes will be presenting and moderating at the ABA-IPT conference for a webinar titled, “What to do with Public Law 86-272?” Public Law 86-272 is now 60 years old. While P.L. 86-272 made sense in the pre-internet, the manufacturing-oriented economy of 1959, many commentators have called into question the law’s continuing relevance in a digital and ser­vices…

Chicago City Council Approves Pilot Program for Creation of New Accessory Dwelling UnitsFebruary 26, 2021

Beginning on May 1, 2021, Chicago will end its decades-long ban on the construction and conversion of certain accessory dwelling units when the Additional Dwelling Unit (ADU) Ordinance (“Ordinance”) goes into effect. WHAT YOU NEED TO KNOW The goal of the Ordinance is to establish new residential units that are sustainable and cost-effective while maintaining neighborhood character The Ordinance aims…

Jordan M. Goodman Discusses the Tax Injunction Act and State Tax Issues Being Filed in Federal Court with Law360February 25, 2021

In this article by Law360, Jordan M. Goodman discusses the Tax Injunction Act and state tax issues being filed into federal court. Read the full article by Law360 here. The complaint by the U.S. Chamber of Commerce, Internet Association, NetChoice and Computer & Communications Industry Association, filed Feb. 18, had been widely expected, but it contained a procedural twist. It…

David A. Hughes Discusses IL Gov. Pritzker's Pitch to Raise State Budget with Law360February 23, 2021

In this article by Law360, David A. Hughes discusses Illinois Gov. J.B. Pritzker's budget plan that would reverse several tax laws that the governor signed just two years ago, including a phaseout of the state's franchise tax. Read the full article by Law360 here (subscription required). Illinois' governor proposed temporarily capping net operating losses, reducing state deductions for global intangible…

David A. Hughes and Jordan M. Goodman Present at the Sales Tax Institute's 2021 Advanced Sales and Use Tax Workshop - 4/19/21 - 5/18/21February 18, 2021

4/19 - 5/18 Join David A. Hughes and Jordan M. Goodman for ten virtual sessions at the Sales Tax Institute’s 2021 Advanced Sales and Use Tax Workshop. They’ll be discussing many niches of sales tax from the impact of remote employees and local taxes to healthcare and construction. The ten sessions will start at 11:00AM and end at 1:15PM ET…

HMB Represents Ashling Partners In Growth Capital Investment by Thomas H. Lee PartnersFebruary 18, 2021

Ashling Partners, LLC ("Ashling"), a professional services and technology firm, announced the closing of a growth capital investment by funds managed by Thomas H. Lee Partners ("THL"). Joshua Bresler, THL Managing Director, and Kearney Shanahan, THL Director, will join the Ashling board of directors as part of the transaction. “The investment and partnership with THL not only enables our global…

Upcoming Webinar: "Head to Head in SALT: A Debate on Today's Most Pressing SALT Issues" - 3/11/21February 16, 2021

3/11/21 12:00PM - 1:00PM CT In this presentation, HMB’s Chris Lutz and Jordan Goodman will square off in the Zoom arena to determine who is the heavy-weight champion of all things SALT! Join us for a wide-ranging debate covering all corners of the state and local tax landscape including: Nexus for all taxes; Taxability of software; Developments in apportionment; and…

HMB Congratulates FingerprintJS on Closing Series A Funding RoundFebruary 15, 2021

HMB congratulates FingerprintJS and its founders, Dan Pinto and Valentin Vasilyev, on closing an $8M Series A financing round. The company, a new kind of toolkit offering a browser fingerprinting service, is based on an open-source project that already has 10 million downloads and 8,000 websites using the service. Fingerprint JS plans to use the capital to expand its fraud prevention…

Jordan M. Goodman Presents a Webinar, "Wrangling in Local Transactional Taxes" for the Council on State Taxation - 2/25/21February 15, 2021

2/25/21 12:10-1:15PM In this webinar hosted by COST, join Jordan M. Goodman as he discusses how tax issues are not isolated to state tax administration. This session will cover states with local sales tax administration such as Alabama, Alaska, Colorado and Louisiana. In addition, other troublesome local taxes such as those in Chicago and other cities will be addressed. Register…

Jeffrey A. Zaluda Presents a Webinar, "ESG: No Longer a Trend You Can Ignore" to the Northern Trust Institute Wealth Planning Symposium - 4/22/21February 9, 2021

4/22/21 6 credit hours for CLE, CPE and CFP offered. The Northern Trust Institute’s inaugural Wealth Planning Symposium will examine key themes transforming wealth planning from leading industry thought leaders. This two-day virtual conference will provide unique perspectives and actionable insights on how to embrace this moment and advise clients with a more collaborative, data-driven and purposeful approach. "ESG: No…

Aaron L. Hammer Discusses the Impact of COVID-19 on the Restaurant Industry and Successfully Navigating Restaurant Workouts with American Bankruptcy Institute’s (ABI) February 2021 JournalFebruary 5, 2021

In this ABI Journal article, Aaron L. Hammer discusses the impact of COVID-19 on the restaurant industry and managing Red South Beach through the crisis. Download the full article here. The 2019 novel coronavirus disease (COVID-19) has created unprecedented distress in many industries. Arguably, the hardest hit to date is the restaurant industry. Getting through a workout during COVID-19 has…

Aaron L. Hammer Discusses Gencanna's $1.2M Lawsuit Against Pillsbury Winthrop with Law360February 4, 2021

In this article by Law360, Aaron L. Hammer discusses GenCanna filing an adversary proceeding seeking $1.2 million back that the company paid to law firm, Pillsbury Winthrop Shaw Pittman LLP ("Pillsbury"). Read the full article by Law360 here (paid subscription required). GenCanna, now known as OGGUSA Inc. after the company sold its assets as part of its Chapter 11 bankruptcy, paid…

David A. Hughes Discusses Chicago's "Netflix Tax" with Bloomberg Law TaxJanuary 25, 2021

In this article by Bloomberg Law Tax, David A. Hughes discusses Chicago's "Netflix Tax". Read the full article here. Chicago will inject an economic presence standard and a safe harbor for smaller streaming and cloud services into its administration of the city’s “Netflix tax,” beginning July 1. Chicago’s Department of Finance issued a bulletin late Thursday outlining its enforcement of the amusement…

HMB Congratulates Client Surgical Directions on Management BuyoutJanuary 22, 2021

HMB congratulates the management team of client Surgical Directions, a national consulting, leadership and analytics partner to hospital systems and medical groups who seek to improve their perioperative and anesthesia services, for acquiring the company from Mednax Services, Inc. ("Mednax"), a national health solutions partner. Terms of the transaction were not disclosed. “We are incredibly excited about how this will…

Jordan M. Goodman and Samantha K. Breslow Present a Webinar, "Unclaimed Property (The Expense You Never Saw Coming): Minimizing Exposure and Navigating a Successful Audit" - 2/11/21January 21, 2021

2/11/21 12:15PM - 1:30PM CT CPE credit (pending) Are you familiar with the concept of unclaimed property? Are you on a state’s audit radar? Has the Delaware Secretary of State issued you  a notice related to their voluntary disclosure program? Did you receive an audit notice from a third-party audit firm? Or, are you tasked with determining whether there is…

David A. Hughes Presents a Webinar, "State Tax Impacts of a Mobile Workforce" for the Illinois CPA Society - 1/21/21January 21, 2021

1/21/21 This webinar addresses the SALT issues faced by businesses whose employees have chosen to work in a different (out-of-state) location. David A. Hughes will discuss topics including nexus, withholding, sourcing, unemployment insurance and reciprocal agreements.…

David A. Hughes Presents a Webinar, "To File or Not to File: Residency and Related Issues" for the Illinois CPA Society - 1/20/21January 20, 2021

1/20/21 David A. Hughes will explore income tax issues faced by individual taxpayers with a primary focus on residency. Other issues will include credits for tax paid to other states, taxation of nonresident individuals, and determining domicile for businesses.…

Illinois’ Leveling the Playing Field for Illinois Retail Act is now in EffectJanuary 19, 2021

Illinois legislation impacting sourcing rules for marketplace facilitators, sellers, and remote sellers- the “Leveling the Playing Field for Illinois Retail Act”- is now in effect for 2021 and Illinois Retailers’ Occupation Tax (the “ROT”) returns will be due soon.  The Illinois Department of Revenue has made a resource page available for affected retailers and marketplaces. As we discussed in June…

HMB Congratulates Dina Care on Closing $7M Series AJanuary 12, 2021

HMB congratulates client Dina Care, an AI-powered care-at-home platform and network, for successfully closing a $7 million Series A funding round led by Philadelphia-based Osage Venture Partners. Existing investors, strategic partners and Wheaton, Ill.-based First Trust Capital Partners LLC, also participated in the round. Funding will be used to accelerate Dina Care’s development of its industry-leading care coordination platform and…

Jordan M. Goodman Presents a Webinar, "Multistate Tax Implications and Potential M&A Opportunities in a Distressed Market" for the 2021 National Multistate Tax Symposium - 2/2/21January 12, 2021

2/2/21 12:45PM - 1:45PM & 2:00PM - 3:00PM ET With various sectors being impacted by the downturn, multistate tax professionals must recognize and proactively address state tax issues and execute state tax planning arising from mergers, acquisitions, and reorganizations. This session will focus on tax attribute planning, including the interaction between state versus federal rules and utilizing net operating loss…

David A. Hughes and Jordan M. Goodman Present a Webinar, "SALT Update" for AGN - 1/12/21January 12, 2021

1/12/21 David A. Hughes and Jordan M. Goodman presented a webinar on current SALT developments with an emphasis on income tax apportionment, CARES Act related issues, and the impact of COVID on multistate businesses.…

Client Success: HMB Represents Caption Access LLC in Sale to Australia-based Ai-MediaJanuary 8, 2021

Illinois-based CaptionAccess is a deaf-owned and managed company providing communication access services to the government, corporate and education sectors. CaptionAccess is strongly positioned in the education sector, providing a broad and complementary expansion of Ai-Media’s enterprise customer base in the region.

HMB 2021 Board of DirectorsJanuary 1, 2021

HMB welcomes Sean D. Auton, Christin A. Handa, Jeffrey A. Hechtman, David A. Hughes and Kate Kanabay to its 2021 Board of Directors.

HMB Legal Counsel Retained as Counsel for Wind-Down Trustee In re OGGUSA, Inc. f/k/a GenCanna Global USADecember 29, 2020

Aaron L. Hammer, John W. Guzzardo and Nathan E. Delman of HMB Legal Counsel have been retained as counsel for the wind-down trustee in In re OGGUSA, Inc. (f/k/a GenCanna Global USA, Inc.). Earlier this year, CBD giant GenCanna made national headlines when its creditors forced the company into a Kentucky bankruptcy court After a high stakes court battle which…

HMB Elevates Robert J. Schaul to PartnerDecember 18, 2020

Chicago, IL December 18, 2020 HMB Legal Counsel, a preeminent provider of legal services in Business and Finance, State and Local Tax, Trusts and Estates, Bankruptcy, Reorganization and Creditors' Rights, Real Estate and Litigation announced that Robert J. Schaul was elevated to partner. Robert is a partner in HMB’s Business and Finance Group. He focuses his practice on general corporate…

HMB's Week of Holiday Cheer 2020December 18, 2020

Before we say goodbye to 2020 and hello to 2021, HMB is celebrating some of our favorite moments from the past year with our Week of Holiday Cheer. Over the next week, we'll remember a few moments and accomplishments that we are most proud of. You can follow our Week of Holiday Cheer on LinkedIn, Facebook and Twitter. Celebrating 2020 and…

Samantha K. Breslow Presents a Webinar, "Internet Tax Freedom Act: Protector from the Taxman?" for the CBA YLS Business Law Transactions Committee - 12/28/20December 15, 2020

12/18/20 Samantha K. Breslow will discuss the Internet Tax Freedom Act for the Chicago Bar Association YLS Business Law Transactions Committee. The intent of the Internet Tax Freedom Act was to protect electronic commerce from the taxman, but has it succeeded? This webinar will focus on recent pending cases (Labell v. City of Chicago and Apple, Inc. v. City of…

John W. Guzzardo Appointed to the Panel of Chapter 7 Trustees for the Northern District of IllinoisDecember 11, 2020

HMB is proud to announce that John W. Guzzardo has been appointed by the United State Trustee of Region 11 to the Panel of Chapter 7 Trustees for the Northern District of Illinois, Eastern Division. John is Chair of HMB’s Litigation Group and a partner in HMB’s Bankruptcy, Reorganization and Creditors’ Rights practice. "Over the past eleven years of my…

David W. Machemer and Samantha K. Breslow Present a Webinar, "City of Chicago and Cook County Update" for the Illinois Chamber of Commerce Tax Institute - 12/8/20December 7, 2020

12/8/20 10:00AM - 11:30AM CT David W. Machemer and Samantha K. Breslow will present a City of Chicago and Cook County update for the Illinois Chamber of Commerce Tax Institute. Chicagoland revenue departments have become increasingly more aggressive with respect to the enforcement and collection of local taxes. This presentation will explore recent developments to local taxes that have seen…

Client Success: HMB Represented TruQua in Sale to IBMDecember 2, 2020

HMB congratulates TruQua, a Chicago-based IT Consulting company, for its sale to IBM. TruQua will enable IBM to broaden its consulting expertise and capabilities to help clients implement SAP solutions that will improve and automate financial management workflows, enhance operational efficiency and, ultimately, drive an enterprise-wide transformation through the adoption of SAP S/4HANA, the latest generation of SAP's ERP business…

Client Success: Svoboda Capital Partners LLC Recapitalizes Life Sciences Consultancy, Clarion HealthcareNovember 23, 2020

HMB congratulates Svoboda Capital Partners LLC ("SC") on their partnership with Clarion Healthcare ("Clarion"). Founded in 1998, SC is a Chicago-based private equity firm that identifies, invests in and helps build excellent businesses in its targeted business niches: value-added distribution, business services and consumer products. “Clarion is a very impressive organization, delivering high value to clients by bridging the intersection…

Jordan M. Goodman Discusses Local Nexus Considerations with Law360November 23, 2020

Local jurisdictions should clarify the nexus standards for their taxes, Jordan M. Goodman said, noting that the Wayfair decision has raised questions of how nexus at the state level applies to local nexus considerations. For local taxes that have a state equivalent, states and localities should "link up" and inform taxpayers of whether nexus with the state means a taxpayer…

HMB Named to U.S. News & World Report "Best Lawyers - Best Law Firms - 2021"November 17, 2020

We are pleased to announce that HMB earned top recognition in the 2021 edition of  U.S. News & World - Best Lawyers "Best Law Firms." Additionally, HMB was named a Tier 1 law firm in Chicago for Trusts & Estates. Richard M. Horwood and Jeffrey A. Zaluda were selected by their peers for inclusion in The Best Lawyers in America in the practice…

Jordan M. Goodman Presents "National SALT Update" for New England SALT Forum - 11/19/20November 12, 2020

11/19/20 4:00PM - 5:00PM Join Jordan M. Goodman and Professor Richard Pomp and Jordan Goodman as they recap the nation’s top state tax cases, state and local legislation, policy developments and controversies over the last year with an informative and hopefully engaging presentation designed to keep practitioners current on non-New England developments. This year’s presentation is sure to include the…

David A. Hughes Discusses "Change of Residency & the Illinois Fair Tax" with the Simply Tax PodcastNovember 11, 2020

David A. Hughes participated in the Simply Tax Podcast hosted by BKD’s Damien Martin to discuss the Illinois Fair Tax amendment and potential residency ramifications. David discussed what all the fuss is about over the Fair Tax amendment and what Illinois taxpayers need to consider if they want to change their state of residency if the amendment passes. The episode…

Business Owners with COVID-19/Government Shutdown Orders File Business Insurance Claims: A New Wave or Just a Ripple?November 10, 2020

HMB’s Insurance Advisory Practice is continuing to monitor developments on hundreds of cases filed nationwide by business owners against insurers over denials of business interruption COVID-19 and government shutdown order related claims. HMB is tracking how courts are deciding these novel claims and reporting on these observations. This update contains some highlights of recent favorable decisions of potential significance for…

David S. Ruskin Provides Overview of Illinois Cannabis Regulation for Practical LawNovember 9, 2020

In less than a decade, Illinois went from treating cannabis as a criminal issue to developing a heavily-regulated legal medical and adult use cannabis industry. Illinois law uses cannabis as a blanket term covering regulated products, including cannabis-infused products, such as edibles. Medical cannabis is a term that covers the same types of product as cannabis, but refers to products…

Jordan M. Goodman Presents, "Navigating a Distressed Business" for the Michigan CPA Annual Meeting - 11/4/20November 4, 2020

11/4/20 4:15PM - 5:10PM ET The economic impact of COVID-19 is already beginning to take shape with the most obvious impact being the rising number of distressed businesses. This presentation will determine the factors of consideration for buying and selling a distressed business, tax liabilities of all kinds, equity, COVID-19-related SALT issues and cancellation of debt income among others. Jordan…

Aaron L. Hammer Presents a Webinar, "What's on the Menu? Restaurant Groups Respond to COVID-19" for the TMA Town Hall - 11/11/20November 3, 2020

11/11/20 1:15PM CT Be sure to join the next TMA Town Hall where a robust discussion, featuring former TMA Chicago/Midwest President and restaurant owner Aaron L. Hammer (TMA Chicago/Midwest), along with other industry heavyweights, will leave you with plenty of food for thought as they look ahead toward 2021. Whet your appetite for this session by reading Global Pandemic Is…

Rick S. Rein Published in "Cross-Border Strategy to Recover on Claims Against Foreign Parties and Assets" by the American Bar AssociationNovember 3, 2020

Read the full article by ABA here. Pursuing legal relief against foreign parties and assets is a complex task that requires a well-developed plan to achieve a cross-border recovery. Globalization has created new challenges for parties threatened by, or involved in, cross-border disputes. Internet communication has made electronic transactions seamless and easy to operate anywhere in the world. Tax havens…

HMB Congratulates Client RED South Beach for Turnaround Management Association Small Business Turnaround AwardOctober 28, 2020

RED South Beach and its turnaround professionals have been awarded the Small Business Turnaround of the Year Award from the TMA’s Chicago/Midwest Chapter. HMB attorneys Aaron L. Hammer, John W. Guzzardo and Nathan E. Delman served as legal counsel to RED South Beach in its turnaround. Although this year’s celebration will be virtual, the Chapter’s Awards Committee and Board will…

Jordan M. Goodman Presents Various Webinars for CPAmerica - 11/10-11/20October 23, 2020

Join Jordan M. Goodman at his various webinars for CPAmerica. The topics will range from State legislative agendas around the country, Wayfair and current SALT cases and issues. Register for the event(s) here (membership required).  11/10/20 Update in the SALT World - Do We Need a Hug? - 1:05PM - 1:55PM CT This presentation will cover the recent trends in…

David S. Ruskin Moderates a Virtual Presentation, "Securing State Licenses: Application, Process and Best Practices" for the INCBA - 10/22/20October 21, 2020

10/22/20 David S. Ruskin will moderate a panel discussion for the Cannabis Law Institute as a part of the INCBA month-long program on cannabis legalization topics. The panel will include Dr. Chanda Macias of Ilera Holistic, Scheril Murray Powell of Scheril Murray Powell P.A., Sarah Lee Gossett Parrish of Sarah Lee Gossett Parrish PLLC and Dina Rollman of GTI. In…

David A. Hughes and Samantha K. Breslow Present a Webinar - "SALT Update 2020 Edition - Ramifications of the CARES Act and So Much More" for the AGN Fall Symposium - 10/22/20October 16, 2020

10/22/20 12:00PM CT The COVID pandemic has dominated the 2020 headlines. Congress responded to the pandemic by adopting the CARES Act, a federal law that also has significant SALT ramifications. States responded by modifying their nexus and withholding rules for employees working from home. Join David A. Hughes and Samantha K. Breslow for this session where they will explore those…

David S. Ruskin Represents Illinois Craft Cannabis Association in Lawsuit Against the State of IllinoisOctober 15, 2020

The Illinois Craft Cannabis Association ("ICCA") filed suit against the State of Illinois and Illinois Department of Agriculture on Monday, October 12 to compel the defendants to issue overdue licenses and provide injunctive relief to the cannabis craft grower, infuser and transporter applicants that were expecting licenses to be issued on July 1, under the law, but are now racking…

HMB Congratulates FingerprintJS on Closing Funding RoundOctober 15, 2020

HMB congratulates FingerprintJS and its founders, Dan Pinto and Valentin Vasilyev, on closing a $4M financing round. The company, a new kind of toolkit offering a browser fingerprinting service, is based on an open-source project that already has 5 million downloads and 8,000 websites using the service. “We have a unique opportunity to disrupt the fraud technology market by enabling our…

David A. Hughes Presents a Webinar - "Outrageous Cases: A Review of Recent SALT Cases That Defy Logic" - for the Chicago Tax Club - 10/30/20October 15, 2020

10/30/20 12:30PM - 1:45PM CT The Chicago Tax Club’s Fall Learning Series continues with a 75 minute webinar on Outrageous Cases, an in depth and entertaining discussion of recent state and local tax cases that defy logic and make you scratch your head.  Join David A. Hughes with Ted Bots and Drew Hemmings from Baker McKenzie and Keith Staats from…

HMB Legal Counsel’s Bankruptcy, Restructuring & Creditors' Rights Practice Reaches New HeightsOctober 14, 2020

Over the past twelve months, HMB Legal Counsel (“HMB”) helped navigate a smooth landing for distressed aircraft manufacturer Thrush Aircraft, Inc. (“Debtor”), culminating in a successful sale of substantially all its assets and the subsequent confirmation of a joint plan of liquidation in August 2020. In September 2019, HMB was appointed as counsel to the Official Committee of Unsecured Creditors…

HMB Congratulates AM Money on Recent Financing RoundOctober 8, 2020

HMB congratulates AM Money, also known as Chicago Student Loans, and CEO & Founder Daniel Rogers, on closing a financing round. AM Money fights to give low-income students across the city, state and country every opportunity to graduate from college, find quality employment and build wealth. Google for Startups is one of AM Money's many supporters and has provided additional funding through…

SLAT’s: An Old Idea with New UrgencyOctober 8, 2020

Client calls are coming in droves regarding the need to engage in estate planning if Joe Biden wins the White House and the Democrats have a majority in the Senate.  And for good reason. There is every reason to think that the currently high estate tax exemptions will be substantially reduced as part of a tax overhaul relatively early in…

Jordan M. Goodman Presents a Webinar, "Navigating a Distressed Business" for MICPA - 11/4/20October 7, 2020

11/4/20 4:10 PM CT The economic impact of COVID-19 is already beginning to take shape with the most obvious impact being the rising number of distressed businesses. Join Jordan for this webinar where he will determine the factors of consideration for buying and selling a distressed business, tax liabilities of all kinds, equity, COVID-19-related SALT issues and cancellation of debt…

Congratulations to HMB Attorneys Selected to 2021 Super Lawyers and Rising Stars ListsOctober 5, 2020

2021 Illinois Super Lawyers John W. Guzzardo Richard M. Horwood Fred O. Marcus Jeffrey A. Zaluda 2021 Illinois Super Lawyers - Rising Stars Matthew R. Barrett Super Lawyers is a rating service of outstanding lawyers from more than 70 practice areas who have attained a high-degree of peer recognition and professional achievement. The selection process is multi-phased and includes independent research,…

HMB Congratulates AeroPay on Closing Seed RoundOctober 1, 2020

HMB congratulates AeroPay, a Chicago-based alternative payments platform, and CEO & Founder Daniel Muller, on closing a seed round to accelerate its growth led by Continental Investors. The AeroPay platform eliminates traditional payment processing burdens and enables seamless bank-to-bank digital payments between businesses and their customers. The platform is built to work in any environment, both in-person or online. With…

David A. Hughes Presents a Webinar - "Emerging Lease Tax Trends in 2020: Legal Update" for Vertex Exchange - 10/8/20September 30, 2020

10/8/20 1:05PM - 1:45PM ET David A. Hughes will be leading a discussion regarding lease tax law updates and trends in 2020 on 10/8/20. Learn more about Vertex Exchange here. …

Jordan M. Goodman Presents a Webinar - "National SALT Update" for the New England State and Local Tax Forum - 11/19/20September 25, 2020

11/19/20 2:00PM - 3:00PM CT Join Jordan M. Goodman with Professor Richard Pomp for their discussion about national SALT updates. CLE/CPE credits will be made available for attendees via the New England State and Local Tax Forum. Register for the event here.…

David S. Ruskin Presented a Webinar, "Illinois Social Equity Legal Analysis With Cannabis Industry Lawyer David Ruskin" for the Medical Cannabis Community - Watch Now On DemandSeptember 17, 2020

David S. Ruskin presented a webinar for the Medical Cannabis Community about the Federal Court hearing regarding the lawsuit filed by multiple Illinois companies to contest the highly flawed cannabis dispensary license scoring process implemented by the state and their vendor, KPMG. Register here to watch the webinar on demand.…

Richard M. Horwood, Rick S. Rein and Jeffrey A. Zaluda Named to Best Lawyers in America 2021 ListSeptember 8, 2020

Richard M. Horwood, Rick S. Rein and Jeffrey A. Zaluda were named to Best Lawyers in America 2021. Recognition by Best Lawyers is based entirely on peer review. Their methodology is designed to capture, as accurately as possible, the consensus opinion of leading lawyers about the professional abilities of their colleagues within the same geographical area and legal practice area.…

Virtual Depositions During the Pandemic – 6 Tips for AttorneysSeptember 3, 2020

The COVID-19 Pandemic has changed the landscape of taking and defending depositions.  Due to social distancing guidelines and travel restrictions, almost every deposition is taken remotely, and will be for the foreseeable future.  Below are a few considerations and suggestions for preparing for and taking your deposition in this new era: You cannot see non-participants in the room.  Depending on…

Fred O. Marcus Presents a Webinar - "SALT Nationwide Update" - Taxpayers' Federation of Illinois Fall Webinar Conference Series - 9/22/20September 1, 2020

9/22/20 Join Fred O. Marcus and Doug Lindholm of COST for a nationwide state and local tax update at the Taxpayers' Federation of Illinois Fall Webinar Conference Series. Learn more about the TFI's events here. Request a copy of the webinar here.…

State and Local Tax Illinois Practitioner SeriesSeptember 1, 2020

In the Illinois Practitioner Series, HMB's SALT team discusses various topics covering Illinois Procedures, Corporate Income Tax, Retailers' Occupation Tax (Sales Tax) and Use Tax and Local Taxes. Questions? Reach out to the state and local tax team here.  …

Jordan M. Goodman Presents a Webinar - "Current Sales/Use Tax Audit Issue: A Practical Guide for Controversy Resolutions" - IPT Sales Tax Symposium - 10/7/20September 1, 2020

10/7/20 IPT will hold its 2020 Sales Tax Symposium, virtually, through a series of Webinars over a three-week period beginning the week of September 21, 2020. Jordan M. Goodman will present his webinar on October 7, 2020. This webinar series has been designed as a complete package offering attendees an opportunity to take advantage of a discounted fee of $495…

HMB Represents Hyde Park Angels in Lead Investment in Chicago-Based Smart Building StartupAugust 25, 2020

Cohesion, a Chicago-based startup which makes a SaaS platform for building managers, announced that it raised $6.5 million in a funding round led by HPA, with participation from Frasers Property Group, investment firm CMT and a host of individual angel investors. HMB represented Hyde Park Angels (HPA) in their lead investment and congratulates HPA on the closing. HPA's people-first approach…

Jordan M. Goodman Presents a Webinar - "Unclaimed Property Challenges: The Past, Present and Future" - Chicago Tax Club - 9/22/20August 25, 2020

9/22/20 12:30PM - 1:30PM CT Illinois CLE and CPE Pending In this webinar for Chicago Tax Club, Jordan M. Goodman, along with Maggie Young of Crowe and moderator Joe Carr of BDO will examine the case law that has shaped the unclaimed property industry. They will look at prior cases and how these of past decisions have driven the world…

HMB Congratulates Client Red Flag Mania on Partnership with WGU LabsAugust 21, 2020

HMB congratulates client, Red Flag Mania, a game-based investigative experience, and founders Roni Jackson and Kelly Richmond Pope, on their recent partnership with WGU Labs, Inc. ("WGU"). Under the agreement, WGU will make both a service and capital investment in Red Flag Mania, that's innovative e-learning solution combines film, theory and "whodunit" fun to empower learners to use data to…

45 Years of HMBAugust 20, 2020

It’s hard to believe that HMB first opened its doors this week, 45 years ago. This milestone celebrates decades of our collective determination to deliver better results to our clients. HMB was founded by Dick Horwood in 1975, focusing on tax matters. “When I started HMB I wanted to create a firm built around a culture of mutual respect and…

David A. Hughes, Samantha K. Breslow and Dakota S. Newton Present Various Topics at the ICPAS Summit20 - 8/26/20August 18, 2020

8/26/2020 Residency and Other State Income Tax Issues for Individuals - David A. Hughes and Dakota S. Newton 10:50AM - 11:40AM CT With the increase in flow-through entities, individual income tax issues are becoming more complex to navigate. Explore critical issues including credits for tax paid to other states, taxation of nonresident individuals, and income tax on the sale of…

Jordan M. Goodman Presents a Webinar - "Coast to Coast - State & Local Taxes" - Dallas TEI 2020 Tax School - 8/26/20August 18, 2020

8/26/20 Join Jordan M. Goodman for a look around the country on the relevant cases that affect taxpayers in the income tax, sales tax and franchise tax arenas. This webinar will be held for the Dallas TEI community. Learn more about the Dallas Chapter of Tax Executives Institute here.…

Jordan M. Goodman Presents "The Ramifications of the TCJA and the COVID-19 Crisis for State Taxation" at the North Atlantic Regional State Tax COST WebinarAugust 12, 2020

8/25/20 3:00PM - 5:15PM ET CPE/CLE Credit Join Jordan M. Goodman for a discussion about TCJA hosted by COST. This webinar is open to industry tax professionals from COST member companies and industry tax professionals from non-COST member companies. Practitioners are not eligible to attend this seminar (except for those sponsoring or speaking). This webinar will be hosted on Zoom.…

Longer Notice Requirements for Residential Lease Renewals, Terminations and Rent IncreasesJuly 24, 2020

On July 22, 2020 the Chicago City Council passed the “Fair Notice” ordinance (the “Ordinance”) which requires longer notice periods for landlords who seek to terminate, not renew or increase rental rates for residential leases. Under the new Ordinance, a landlord must provide a tenant with prior written notification of its intent to terminate, not to renew, or increase rent…

HMB Represents Mark-It Express Logistics LLC in Second Acquisition of an Intermodal Company in 2020July 22, 2020

Mark-It Express Logistics LLC ("Mark-It"), a leading Midwest intermodal trucking and freight brokerage company, acquired Sava Transportation ("Sava"), a Maywood, Illinois-based intermodal freight hauling company. HMB represented Mark-It in the acquisition. Mark-It, founded in 2009 and recently named to Crain Chicago's Fast 50 for the second time and INC. 5000 for the fourth time, offers a full array of third-party…

Brett M. Winterstein Elevated to Business and Finance Practice ChairJuly 22, 2020

Chicago, IL July 21, 2020 HMB Legal Counsel, a preeminent provider of legal services announced Brett M. Winterstein as the Practice Chair for the Business and Finance Group. As a practice group leader, Brett will oversee coaching, planning, economic oversight, positioning and recruitment for his group. Practice group leadership transitions are part of HMB's planning and leadership strategy, designed to…

Rick S. Rein Presents a Webinar with Strafford- "Enforcing U.S. Judgments Outside the U.S" - 9/2/20July 9, 2020

9/2/20 1:00PM-2:30PM ET Join Rick, with a panel of experts, for this CLE webinar that will discuss how to locate and seize offshore assets with which to satisfy a US obligation or judgment. The panel will also address tools to prevent the removal of assets to other countries. The panelists will address issues such as: What countries are the hardest…

State and Local Tax "Work From Home" Webinar SeriesJuly 8, 2020

We know most of our clients and friends have seen significant changes to their daily lives. HMB's SALT team has been working around the clock to provide excellent service to our clients and we're really excited to offer a new series of "Work From Home" webinars. Please join us every Wednesday at 12:30PM Central Time. Below is a list of…

Samantha K. Breslow Presents a Webinar - "Chicagoland Local Taxes: From Audit to Resolution" - 7/15/20July 8, 2020

7/15/2020 12:30PM - 1:30PM CT CPE And CLE Credit Chicagoland revenue departments have become increasingly more aggressive with respect to the enforcement and collection of local taxes. This presentation will explore local taxes that have recently seen increased audit activity, including the Lease Transaction, Amusement, Tobacco and Motor Fuel taxes. They will discuss audit best practices and provide an overview…

Rick S. Rein and Karl E. Analo Secure $4.6 Million Victory in Breach of Commercial Guaranty DisputeJuly 8, 2020

HMB litigators Rick S. Rein and Karl E. Analo secured a complete victory in a recent breach of guaranty dispute.  The team obtained summary judgment in their client’s favor on all counts resulting in a total judgment of over $4,600,000 as well as attorneys’ fees. HMB’s client leased certain equipment to a hospital pursuant to a commercial equipment lease.  The…

Jordan M. Goodman Presents a Webinar, "Nexus in 2020: Wayfair's Legacy, Marketplace Facilitators, and Emerging Income Tax Issues" - 7/22/20July 7, 2020

7/22/20 12:30PM-1:30PM CT CPE and CLE Credit Jordan and Dakota examine Wayfair’s continuing impact on direct and indirect tax nexus standards and analyze the inconsistent patchwork of marketplace facilitator rules around the country. They also discuss emerging income tax issues related to eroding P.L. 86-272 protections and the throwback and throwout rules. This webinar will be presented via Zoom. Register…

Jeffrey A. Zaluda Honored with JCUA's 2020 Rabbi Robert J. Marx Social Justice AwardJuly 6, 2020

Each year, the Jewish Council on Urban Affairs honors an individual with the Rabbi Robert J. Marx Social Justice Award, recognizing their commitment to JCUA’s mission of fighting racism and poverty in partnership with Chicago’s diverse communities. This year on July 20, the award will be presented to Jeff Zaluda for his lifelong dedication to pursuing social justice and a…

Stavros S. Giannoulias and John R. Wiktor Win Trial to Enforce $1M Oral Pledge to Non-Profit CongregationJuly 1, 2020

Stavros S. Giannoulias and John R. Wiktor filed claims on behalf of a non-profit Congregation to enforce two oral pledges made by one of its prominent and beloved members, who died suddenly before fulfilling his pledges. The Congregation filed claims in the probate proceedings in the Circuit Court of Cook County, Illinois asserting that its member made a $1 million…

Procedures of the Circuit Court of Cook County During the CoronavirusJuly 1, 2020

***This article has been updated from the version posted on May 29th, 2020*** Actions Taken by the Circuit Court of Cook County In General Effective July 6, 2020, the Circuit Court of Cook County will begin hearing all matters in all Districts and Divisions with the exception of jury trials.  Unless otherwise ordered, all attorneys and self-represented litigants shall be…

David A. Hughes Discusses Illinois Nonresident Workers and State Income Tax with Law360June 29, 2020

In an article by Daniel Tay and published by Law360, David A. Hughes discusses how Illinois nonresident employees have received a 30-day safe harbor against state income tax to carry out a 2019 law intended to prevent double taxation. Illinois' 30-day threshold is longer than the periods seen in other states David told Law360. He also noted that the Illinois…

Chicago City Council Passes New COVID-19 Residential Eviction "Moratorium" OrdinanceJune 23, 2020

On June 17, 2020, the Chicago City Council passed the “COVID-19 Eviction Protection Ordinance” (Ordinance O2020-3501), enacting a provisional moratorium on evictions based upon the failure to pay rent if the tenant has suffered any loss, reduction or delay in receipt of income or employment attributable to COVID-19 (a “COVID-19 Impact”).  Under the terms of the moratorium, a landlord pursuing…

CARES Act Update: Flexibility Added to the Paycheck Protection ProgramJune 19, 2020

On June 5, 2020, the Paycheck Protection Program Flexibility Act of 2020 (“PPPFA”) was enacted, amending key provisions of the Paycheck Protection Program (“PPP”) under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). The changes provide relief to borrowers of PPP loans in the form of expanded forgiveness and increased flexibility in the use of loan proceeds. Businesses…

David A. Hughes Presents a Webinar to the Sales Tax Institute - "Basics of Sales Tax" - 6/22/20June 17, 2020

6/22/20 10:00AM - 3:30PM Basics of Sales and Use Tax is an interactive live online training course designed for individuals working in financial or accounting corporate and consulting environments. This course is best for those who currently handle (or will soon handle) sales and use tax for their company, themselves or their clients. Basics helps you learn all the sales…

David A. Hughes and Jordan M. Goodman Present a Webinar to AGN - "Recent SALT Developments Relating to Pass-Through Entities (AKA Everything You Wanted to Know But Were Afraid to Ask)" - 5/27/2020June 12, 2020

5/27/20 David and Jordan will present a webinar to AGN North America to discuss recent SALT developments relating to Pass-through Entities. The webinar will cover: Nexus and doing business Credit for tax paid in other jurisdictions SALT Cap Deduction workarounds California issues New Partnership Audit rules…

Force Majeure? It’s Unorthodox, But I’ll Allow It: Bankruptcy Court Excuses § 365(d)(3) Performance Due to CoronavirusJune 10, 2020

In an opinion for our troubled times, Northern District of Illinois Bankruptcy Judge Donald Cassling granted debtor Hitz Restaurant Group (“Hitz”) some reprieve from § 365(d)(3)’s strict requirements due to a combination of COVID-19 shutdown orders and a favorably-worded force majeure clause. Hitz’s landlord, Kass Management Services, Inc. (“Kass”) moved to lift the automatic stay after Hitz stop making its…

Keith H. Berk, Shelley H. Koren and Alicia A. Handy Present "Preparing for Employee COVID-19 Claims" to the YPO Chicagoland Chapter - 6/10/20June 8, 2020

As Illinois and other states have begun to roll-back stay at home orders, employers need to be prepared for employee COVID-19 claims. Join YPO Gold Chicago Member and HMB Partner, Keith H. Berk, and his COVID-19 Task Force members Shelley H. Koren and Alicia A. Handy for a discussion on how to prepare your business in managing COVID-19 in the…

Samantha K. Breslow Published in Tax Notes State - "Internet Tax Freedom Act: Protector From the Tax Man?"June 8, 2020

In this second of a three-part series, Breslow discusses the Internet Tax Freedom Act and whether the digital world has really been protected from the tax man. Adoption and Intent of the ITFA Initially adopted in 1998 under the Clinton administration with the mantra “no new internet taxes,” the Internet Tax Freedom Act (ITFA) was made permanent on February 24,…

John W. Guzzardo and Nathan E. Delman Published in Journal of Corporate Renewal - "Global Pandemic Is Surprise Addition to Restaurant’s Turnaround Menu"June 1, 2020

View the PDF from Turnaround Management Association's Journal of Corporate Renewal here. John W. Guzzardo and Nathan E. Delman, with John B. Pidcock of Oxford Restructuring Advisors LLP, discuss how Red South Beach responded to the COVID-19 crisis by quickly taking a number of actions designed not only to survive but to emerge financially stronger once the crisis is over.…

Procedures of the United States District Court for the Northern District of Illinois During the Coronavirus CrisisMay 30, 2020

Actions Taken by the District Court On Tuesday, May 26, the United States District Court for the Northern District of Illinois updated, for the fourth time, its General Order 20-0012 in response to the COVID-19 pandemic. The District Court’s original General Order extended all deadlines, whether set by the court or otherwise, by 21 days. On March 30, an Amended…

Procedures of the United States Bankruptcy Court for the Northern District of Illinois During the Coronavirus CrisisMay 30, 2020

Actions Taken by the Bankruptcy Court The COVID-19 pandemic notwithstanding, the United States Bankruptcy Court for the Northern District of Illinois remains open for business, although not business as usual. Recognizing the need to maintain social distancing, the Court has made several significant changes to its daily operations. After two months of hearing routine motions telephonically, the Court has implemented…

David S. Ruskin Speaks as a Panelist at the International Cannabis Bar Association Virtual Conference- 6/2/20May 29, 2020

6/2/20 David will be speaking on two panels for the International Cannabis Bar Association. Register here for the day-long virtual event.  Ethics Rule 1.2: Complying With the Novel "Also Advise" Clause Since the permitted scope of legal representation begins with this threshold requirement, hear from the panel about what "also advise" means in practice, including what federal laws are considered…

Fred O. Marcus, David A. Hughes and Samantha K. Breslow Present a Webinar, "Pass-Through Entities: Recent SALT Trends and Developments" - 6/24/20May 28, 2020

6/24/20 12:30PM - 1:30PM CT CPE Credit Join Fred O. Marcus, David A. Hughes and Samantha K. Breslow for a webinar discussing how determining the applicability of state taxes to PTEs (and their partners or members) can often be unnecessarily complex. They will bring clarity by exploring recent developments relating to nexus/“doing business”, credits for taxes paid in other jurisdictions,…

HMB Represented the Founder of VisTracks in Sale to Global Leader in Transportation and LogisticsMay 28, 2020

Omnitracs, LLC ("Omnitracs"), a global pioneer of fleet management solutions to transportation and logistics companies, announced its acquisition of VisTracks, a leading provider of device-agnostic, SaaS-based compliance solutions to the transportation and logistics industry. HMB represented VisTracks' founder, Stephen G. Eick, in the transaction. The VisTracks architecture provides a lightweight, mobile device-based and cloud-enabled solution, which will allow Omnitracs to…

HMB Represented Project Management Advisors in Partnership Deal with Austin-Based Construction Management CompanyMay 27, 2020

Project Management Advisors ("PMA"), a real estate and development consultancy company, announced its partnership with American Realty Project Management ("ARPM"), a full-range construction oversight and project management company. HMB represented PMA. This partnership will expand the Austin offices and broaden both PMA and ARPM client and industry sector involvement in the Austin market and neighboring area. The alliance will continue…

Chicago City Council Approves COVID-19 Anti-Retaliation Ordinance; OSHA and CDC Release Additional GuidanceMay 26, 2020

Chicago Anti-Retaliation Ordinance On May 20, 2020, effective immediately, the Chicago City Council approved an ordinance that prohibits employers from terminating or demoting an employee because the employee stayed home from work in compliance with a health order or to care for a person subject to a health order.  Employees who are terminated or demoted will now be able to…

HMB Represented Hadley Capital in Acquisition of a Manufacturer of Premium Animal Bedding and Litter ProductsMay 26, 2020

Hadley Capital ("Hadley"), a small-business investor, announced its acquisition of Equustock, a manufacturer of animal bedding and litter products, predominantly horse-related products sold under their Guardian Horse Bedding brand. HMB represented Hadley in the transaction. Founded in 1998 bu Scott Dickes, Hadley plans to build on the Guardian Horse Bedding brand's excellent reputation and to expand Equustock's production capacity and…

David A. Hughes Presents "Emerging Trends in Unclaimed Property Compliance - Considerations to Avoid Post-pandemic Exposure" - 6/10/20May 21, 2020

6/10/20 1:00PM - 2:30PM ET The COVID-19 pandemic is affecting businesses in many different ways: furloughs and job losses, variant priorities, and virtual working environments. These disruptions can make monitoring policies and accounting practices more difficult, making the maintenance of proper escheat reporting and records of utmost importance. As states move to close budget gaps due to lost tax dollars…

John Wiktor will Discuss Legal Issues Relating to COVID-19 at the JourneyCare Virtual Town Hall - 5/28/20May 21, 2020

5/28/20 11:00AM - 12:00PM CT Please join John Wiktor, with President and CEO of JourneyCare, Kimberly Hobson and Greg Hummel of BCLP, LLP, for a virtual town hall to discuss legal issues and changes in the time of COVID-19. This is your opportunity to learn from industry leaders about estate planning tools and changes, tax law updates, and new employee/employer mandates…

Keith H. Berk, Shelley H. Koren and Alicia A. Handy Present "Preparing for Employee COVID-19 Claims" to the YPO Chicago Gold Chapter - 5/20/20May 13, 2020

As Illinois and other states begin to roll back stay-at-home orders, employers need to be prepared for employee COVID-19 claims. YPO Chicago Gold Chapter member, Keith H. Berk, will be joined by COVID-19 task force members Shelley H. Koren and Alicia A. Handy to discuss how to prepare your business to manage COVID-19 in the workplace. This YPO Chicago Gold…

Jordan M. Goodman Presents a Webinar - "Navigating State & Local Tax Assets in Difficult Times" - 6/10/20May 12, 2020

6/10/10 12:30PM - 1:30PM CT CPE Available As economic growth slows, companies will often look to their tax departments to ensure they are on top of all cost saving measures available. Jordan will discuss state income tax net operating loss carrybacks, credits, and other available tax assets that can often be complicated or uncommon. They will also discuss navigating refund…

Insurance Claims & Related Issues Due to COVID-19 - What Every Business Should KnowMay 12, 2020

May 12, 2020 As COVID-19 presses state and local governments to continue their shutdown orders, some businesses are incurring extensive expenses and losses. Whether the business is open with limited capacity, allowing employees to work from home, or closed until the orders are lifted,  businesses are asking if and how insurance can provide relief. This article provides information on the…

Economic Downturn Plus Low Interest Rates Equals An Excellent Opportunity for Estate PlanningMay 12, 2020

While the world continues to adjust to the COVID-19 pandemic, the current interest rate environment creates excellent opportunities for advanced estate, income and creditor protection planning.  The following are eight tips/opportunities that should currently be considered in the current market environment: 1. Review Your Plan Before getting into advanced estate plan strategies, for clients with existing estate plans, now is…

Restrictions on Commercial EvictionsMay 5, 2020

Illinois Governor J.B. Pritzker’s Executive Order 2020-30 issued on April 23, 2020 in response to the COVID-19 pandemic offers relief to commercial tenants throughout the state by placing restrictions on evictions of commercial tenants. Following in the footsteps of New York and California, Gov. Pritzker banned state agencies from enforcing evictions of all non-residential premises unless “the tenant has been…

Out-of-Court Distressed Asset Purchases - What You Need to KnowMay 1, 2020

Out-Of-Court Distressed Asset Purchases, a Primer The COVID-19 pandemic has impacted businesses and commercial relationships worldwide, cutting wide swaths of through entire sectors of the economy.  The current government regime of subsidizing whole industries and individual businesses is still evolving.  Commercial lenders have been incentivized to forbear and defer defaults – but the piper must eventually be paid.  Enterprises that…

New Subchapter V of the Bankruptcy Code May Be the Salvation for Small Businesses to Survive COVID-19May 1, 2020

The Small Business Reorganization Act (SBRA) was enacted in February 2020 with no one anticipating the global pandemic. Today, the financial consequences have hit small businesses hard. The SBRA, commonly known as Subchapter V, may provide much-needed relief to small businesses as they struggle through the crisis. With the Subchapter V election likely to surge during and after the pandemic,…

Shelley H. Koren and Alicia A. Handy Present a Webinar - "Preparing for Employee COVID-19 Claims" - 5/14/20May 1, 2020

As Illinois and other states begin to rollback stay-at-home orders, employers need to be prepared for employee COVID-19 claims. Please join us for a 45 minute discussion on how to prepare your business to manage COVID-19 in the workplace. The discussion will include guidance on: What to do when an employee notifies you that they have COVID-19 What to do…

Work From Home Insurance AlertApril 30, 2020

Many current businesses own cyber insurance policies that actually may not cover incidents or claims that are the result of an employee using his/her own personal device(s) for Work From Home (“WFH”) purposes for their employer. This is an easy mistake for employees as WFH is the current norm. As with all insurance contracts, whether there is coverage or not…

Didn’t Get an Illinois Adult-Use Cannabis Dispensary License…Can You Challenge?April 29, 2020

While the Illinois dispensing organization conditional licenses have not been awarded yet, we are hopeful they are coming soon. That being said, here are the two questions I get asked most about the current Illinois dispensing license applications: Will COVID-19 cause the IDFPR to delay granting licenses on the scheduled date of May 1, 2020; and If I do not…

Additional Illinois and Federal Employment Updates Regarding the Families First and Coronavirus Response Act and Other MattersApril 28, 2020

Illinois Workers' Compensation Commission Updates After initially voting 9-0-1 to approve a new emergency rule that created a rebuttable presumption that the workplace is the cause of an employee contracting COVID-19 to the extent such employee works for an essential business, the Illinois Workers’ Compensation Commission (the “Commission”) met yesterday, April 27, to formally withdraw the rule.  The Illinois Manufacturers’…

Jordan M. Goodman Provides Insight on States Considering Gross Receipts Taxes in Order to Cope with Virus Impact to Bloomberg Law TaxApril 27, 2020

An article published by Bloomberg Law Tax discusses the possible reemergence of Gross Receipts Taxes in states due to the COVID-19 pandemic. Gross receipts taxes are becoming attractive because they rely on calculations of total commercial activity rather than profitability, said Jordan M. Goodman. Jordan continued to say that, "During the COVID-19 recession you are going to see a lot…

Fred O. Marcus Nominated for the Northwestern University Pritzker School of Law's Adjunct Professor of the Year AwardApril 21, 2020

Congratulations goes to Fred for his nomination for the Northwestern Pritzker School of Law's Adjunct Professor of the Year Award. Northwestern University is a member of the Top 14, a group of law schools that have received national recognition. Read more about Fred here. …

Samantha K. Breslow Presents a Webinar - "State Taxation of Digital Goods and Services in 2020" - 5/20/20April 21, 2020

5/20/20 12:30PM CST CPE Pending Recent state cases like Ex Parte Russell County Community Hospital and Citrix Systems are just the tip of the iceberg as states audit taxpayers in a digital economy. Chris and Samantha will provide an update on recent cases and legislation in this area and, more importantly, will describe their experiences with taxpayers as they attempt…

Jordan M. Goodman Presents a Webinar - "Coast to Coast State & Local Tax Cases" - 5/6/20April 21, 2020

5/6/2020 12:30PM CST CPE Pending Despite the closing of state courts around the country, SALT keeps moving forward. This presentation will get you caught up with what is happening in state courts from coast to coast. Jordan will present this webinar via Zoom. Register for the event here. We know most of our clients and friends have seen significant changes…

David A. Hughes and Samantha K. Breslow Present a Webinar - "Internet Tax Freedom Act: Protector from the Taxman?" - 4/29/20April 20, 2020

4/29/2020 12:30PM CST CPE Pending The intent of the Internet Tax Freedom Act was to protect electronic commerce from the taxman, but has it succeeded? This webinar will focus on recent pending cases (Labell v. City of Chicago and Apple, Inc. v. City of Chicago) involving ITFA claims and proposed legislation (Digital Advertising Gross Revenues Tax) that potentially implicates ITFA.…

IRS Grants Extensions for Like-Kind (Section 1031) ExchangesApril 13, 2020

In Treasury Department Notice2020-23 (released April 9, 2020) and Internal Revenue Service update to Notice2020-18, the IRS provided additional relief for taxpayers amid the COVID-19 crisis by extending key deadlines for Like-Kind (Section 1031) Exchanges.  Specifically, the Notices extended some of the due dates related to the identification and final exchange periods.  These time periods are generally 45 days and 180…

HMB Client MOCA Awarded One of First Recreational Dispensary Licenses in ChicagoApril 13, 2020

Congratulations to MOCA-Modern Cannabis for being awarded an adult-use dispensary license to operate at 216 W Ohio St in the River North neighborhood. MOCA’s original dispensary continues to operate in Logan Square at 2847 W. Fullerton as a medical and adult-use dispensary. The IDFPR final approval was granted to MOCA on April 3, following city inspection. HMB congratulates MOCA for…

U.S. Department of Labor Issues Temporary Regulations to Implement Families First Coronavirus Response Act, New OSHA Poster and Updates Regarding Expanded Illinois Unemployment BenefitsApril 8, 2020

Families First Coronavirus Response Act On April 1, 2020, the U.S. Department of Labor (“DOL”) issued temporary regulations (the “Rule”) to implement the Families First Coronavirus Response Act (“FFCRA”), providing additional guidance to employers and employees on how to provide and take expanded family and medical leave or paid sick leave (collectively, “Leave”) under the FFCRA.  A copy of the…

Bankruptcy in the Time of CoronavirusApril 6, 2020

The Coronavirus crisis has arrived. This global pandemic has placed a hard stop on economic activity across the board, sending markets into freefall and skyrocketing unemployment claims to unprecedented heights. Chapter 11 filings are anticipated to surge, forcing bankruptcy courts to clean up large swaths of the crisis’ aftermath. But for now, it is anyone’s guess when the uptick in…

HMB Represents Engineered Plastic Systems in Acquisition Deal with Georgia-Based ManufacturerApril 6, 2020

Engineered Plastic Systems ("EPS"), an engineer and manufacturer of high-density polyethylene ("HDPE"), announced its acquisition by CMI Limited Co. ("CMI"), a Georgia-based manufacturing portfolio company of Capital Partners. HMB represented EPS in the transaction. EPS is headquartered in Elgin, Illinois and manufactures HDPE for decking, railing and park products among others. Founded in 2000, EPS markets its products under Lumberock,…

Payroll Protection Loan Program UpdateApril 1, 2020

The Small Business Administration has released the application for the Paycheck Protection Program and loans available pursuant to the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The Treasury Department has released an information sheet for borrowers, which can be found here. Additional information can be found at the Treasury Department’s website, found here. The Treasury Department has encouraged…

Families First Coronavirus Response Act: Department of Labor Provides Additional GuidanceApril 1, 2020

The Families First Coronavirus Response Act (the “FCCRA”) was signed into law on March 18, 2020.  Since then, questions as to scope and applicability have been raised by employers and employees alike.  The U.S. Department of Labor has and continues to provide guidance as to how employers and employees should interrupt the FFCRA.  A summary of the FCCRA can be…

Aaron L. Hammer, Sean D. Auton and Matthew R. Barrett Present a Webinar "Contract Rights and Insurance Claims Under COVID-19" to the Young Presidents' Organization - 4/8/2020March 30, 2020

4/8/2020 12:00pm CST Sean D. Auton, Aaron L. Hammer and Matthew R. Barrett will discuss COVID-19 and its impact on Contract Rights and Insurance Claims. This webinar for the Chicagoland Chapter of the Young Presidents' Organization will address questions such as: Contract Rights under COVID-19 I can’t perform under my contract or leases - what remedies do I have? What…

Coronavirus Aid, Relief, and Economic Security Act (CARES Act)March 27, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) is Congress’s initial economic stimulus plan in response to the coronavirus pandemic. Additional economic stimulus packages are expected. The CARES Act was signed into law by the President today. The $2 trillion package provides relief to businesses, individuals, families, the healthcare system, states, and more. We are continuing to review…

An Estate Planning Check-up in Light of COVID-19March 27, 2020

As we hunker down during COVID-19, here are seven tips to make sure your estate plan is in good health: 1. Make Sure Your Basics Are Covered At a minimum, every adult should have a Will, Power of Attorney for Health Care, Power of Attorney for Property and HIPAA Designation. Parents of minor children should be certain their Wills include…

David A. Hughes Provides Insight on Illinois Supreme Court's Refusal to Hear Streaming Tax Challenge To State Tax NotesMarch 27, 2020

An article published by State Tax Notes discusses the Illinois Supreme Court's refusal to review an appellate court decision that Chicago's amusement tax as applied to online streaming services does not violate the state constitution or the Internet Tax Freedom Act (ITFA). The court denied the petition for leave to appeal in Labell v. City of Chicago, letting stand the…

Cannabis Businesses Currently Ineligible For Coronavirus Disaster ReliefMarch 26, 2020

On Monday March 23, the federal Small Business Administration (SBA) confirmed that cannabis businesses are ineligible for disaster relief loans to assist with the detrimental effects of the Coronavirus outbreak. In the recent Twitter post, the SBA stated, “With the exception of businesses that produce or sell hemp and hemp-derived products [that were federally legalized under the 2018 Farm Bill],…

Notices Required Under the Families First Coronavirus Response ActMarch 26, 2020

On March 18, 2020, the President signed the Families First Coronavirus Response Act (the “Act”).  Yesterday, the U.S. Department of Labor provided sample posters for private and public employers to post prior to April 1, 2020. Here is a link to the DOL poster for private employers. Also, the DOL provided guidance regarding the manner of providing notice to employees…

Non-Performance of Contractual Obligations During the COVID-19 PandemicMarch 23, 2020

The economic uncertainty caused by the outbreak of the COVID-19 pandemic has impacted businesses and commercial relationships worldwide.  As COVID-19 continues to spread, businesses may experience disruptions that make it difficult or impossible to fulfill their contractual obligations.  Under certain circumstances, those disruptions may justify non-performance.  One such escape hatch is a force majeure clause, which is a provision contained…

Zone of Insolvency and Fiduciary Duties – a Brief Summary of What Directors and Officers Need to KnowMarch 23, 2020

The outbreak of the COVID-19 pandemic has impacted businesses and commercial relationships worldwide. As commercial operations continue to be shuttered and revenues cut off, principals of companies will likely find themselves questioning where their obligations and responsibilities lie when the entity’s solvency is questionable.  When a corporation is solvent, the fiduciary duties of the corporation's board of directors run to…

Are COVID-19 Losses Covered By Business Interruption Insurance?March 23, 2020

Covid-19 is disrupting businesses, their supply chains and their customers and causing major losses. Governors of Illinois, California, New York and Pennsylvania have issued “stay at home” and similar orders impacting employees and many businesses. Are any of these losses covered by insurance? The answer is maybe. The type of insurance a business carries and the specific insurance policy language are critical to determine…

Illinois Governor Issues Executive Order Requiring Individuals to Stay at HomeMarch 20, 2020

This afternoon, Governor Pritzker issued an Executive Order in response to COVID-19 (No. 8).  The Order is effective as of Saturday, March 21, 2020 at 5:00 p.m. through Tuesday, April 7, 2020.  Here is a link to the Order. The Order provides that: All individuals in Illinois are to stay at home or at their place of residence, except as…

Chicago Mayor Announces Payment Extension for Local TaxesMarch 20, 2020

On March 19, 2020, Chicago Mayor Lightfoot announced that the City of Chicago will extend the due date for “small businesses” to pay the following Chicago taxes to April 30, 2020: Bottled Water Tax, Checkout Bag Tax, Amusement Tax, Hotel Accommodations Tax, Restaurant Tax, and the Parking Tax. The City requires that taxpayers pay these taxes on or before the…

Families First Coronavirus Response ActMarch 19, 2020

On March 18, 2020, the President signed the Families First Coronavirus Response Act (the “Act”).  Below is a summary of the employer requirements under the Act: Emergency Family Medical Leave Expansion Act Covered Employers Employers with fewer than 500 employees and covered public sector employers must provide up to 12 weeks of FMLA leave for a qualifying need related to…

David Ruskin presents "The Business of Marijuana in Illinois" at The Seminar Group - 4/16/20-4/17/20March 19, 2020

****Due to the COVID-19 virus, this event has been cancelled. HMB will update this page once a new date, location, or other important piece of information has been shared by the event organizers.**** 4/16/20-4/17/20 Chicago, IL David Ruskin, with other practitioners and policymakers, will discuss topics directly related to Illinois' Cannabis Regulation and Tax Act. The seminar will cover: A…

Indicate Precisely What You Mean to Say: The Importance of Accuracy on UCC-1 Financing StatementsMarch 18, 2020

UCC-1 Financing Statements are an integral tool in a secured creditor’s toolbox. They perfect a lender’s interest and broadcast notice of this perfected lien to all present or future creditors, putting out the warning that a security interest against the debtor’s collateral exists. An effective financing statement has three requirements: (1) the debtor’s name; (2) the creditor’s name; and (3)…

COVID-19 Guidance for Illinois EmployersMarch 17, 2020

The novel coronavirus (COVID-19) is spreading across the globe and we wanted to assist you in considering all risk assessment and mitigation tools available.  We recommend assembling a management team to determine best next steps and implement an emergency plan.  Plan considerations should include cash flow concerns, remote working possibilities, IT considerations, quarantine possibility and company specific concerns. Businesses should…

HMB's Response to COVID-19March 12, 2020

The ongoing issues related to the spread of the Coronavirus (COVID-19) have had and will continue to have significant impact on individuals, families, businesses and markets.  We know that many of you are affected and share our concerns regarding the safety and well-being of our friends and our staff and we hope you and your families are healthy and safe.…

Jordan M. Goodman participates in a Mock Trial at the Unclaimed Property Professionals Organization - 3/31/20March 4, 2020

****Due to the COVID-19 virus, this event has been cancelled. HMB will update this page once a new date, location, or other important piece of information has been shared by the event organizers.**** 3/31/20 JW Marriott Starr Pass Tuscon, AZ Jordan will participate in a mock trail as the attorney for a business that is being audited in an unclaimed…

Jordan M. Goodman Presents "The Annual Big Easy Brawl: Top State Tax Cases & Trends in 2020" at the ABA/IPT Advanced Tax Seminar - 3/17/20March 3, 2020

3/17/20 Royal Sonesta New Orleans New Orleans, LA The Annual "Big Easy Brawl" is back! Jordan, with Professor Rick Pomp, will bring years of experience to share insights and discuss divergent positions to complicated SALT controversies. This session will be a test of ideas and perspectives on current and trending SALT issues and policies. Read more about Jordan here.…

Jordan M. Goodman Discusses Various Topics with The Unique CPA podcastMarch 3, 2020

Jordan was invited to speak on The Unique CPA podcast at Twin Flames Studios. During the podcast, Jordan discusses various topics including: What it is like practicing international tax yet all statutes are in English Wonderful opportunities for lawyers to argue about constitutional issues The ability to help clients on a national basis Listen to the podcast here.  Read more…

Fred O. Marcus and David A. Hughes Present Various Topics at TEI Regional Conferences - 3/18/20 and 4/23/20February 26, 2020

****Due to the COVID-19 virus, this event has been cancelled. HMB will update this page once a new date, location, or other important piece of information has been shared by the event organizers.**** Fred O. Marcus and David A. Hughes will present various topics at two upcoming TEI Regional Conferences. 3/18/2020 Buffalo, NY Fred and David will present an update…

David A. Hughes Presents "What to Do with Public Law 86-272" at the ABA/IPT Advanced Income Tax Seminar - 3/16/20February 26, 2020

3/16/20 New Orleans, LA Public Law 86-272 is now 60 years old. While P.L. 86-272 made sense in the pre-internet, manufacturing oriented economy of 1958, many commentators have called into question the law's continuing relevance in a digital and services based world. David will explore what P.L. 86-272 means in 2020 and how states, taxpayers and Congress will help determine…

Hal J. Wood and Matthew R. Barrett Secure Victory in Highly Contested Post-Transaction DisputeFebruary 26, 2020

HMB litigators Hal J. Wood and Matthew R. Barrett secured a complete victory in a recent highly contested post-transaction dispute. The team obtained summary judgment in their clients’ favor on all counts, including an award of 100% of the clients’ attorneys’ fees, resulting in a total judgment of over $9,000,000 in favor of HMB’s clients. HMB’s clients were the sellers…

A Warning: Cook County Assessor's Real Property Income and Expense (RPIE) LetterFebruary 26, 2020

The Cook County Assessor’s Office has recently begun mailing invitation letters to solicit participation in its Real Property Income and Expense (“RPIE”) system. The goal of the system is to collect extensive data to assess commercial properties in Cook County. It utilizes both an online portal and mailed forms for data collection. The Assessor will target properties used for the…

Rick S. Rein Presents "Litigation Finance: A Conversation about the Basics and Latest Complexities" at HMB's Office - 3/3/20February 26, 2020

3/3/2020 HMB's Office 500 W Madison Suite 3700 Chicago, IL Rick will discuss, with other industry panelists, the following emerging topics in litigation finance: The best candidates for litigation finance Litigation funding in bankruptcy How a party secures financing How attorneys and claimholders can engage with funders The latest developments in litigation finance in 2020 This seminar is hosted at…

David A. Hughes and Samantha K. Breslow Moderate Various Topics at the Chicago Tax Club - 2/25/20February 25, 2020

2/25/20 Chicago, IL David A. Hughes moderated "Staying Close to Home: An Update on Recent Illinois, Chicago and Cook County Developments". 2019 was a busy year at both the state and local level in Illinois. During this session, the presenters will review several pieces of significant new legislation including new rules for sales and use tax collection by remote sellers…

Jordan M. Goodman Presents Various Topics at COST's 2020 Sales Tax Conference Audit Session - 2/26/20-2/27/20February 21, 2020

Waldorf Astoria Las Vegas, NV 2/26/20 Jordan presents "Top 30 Issues/Cases in 2020". In this session, Jordan will discuss the major issues that will be evolving in the coming year. Click here to register for the event.…

Jordan Goodman Presents "Top State Tax Cases and Trends in 2020" at the TEI-Houston Tax School Session - 2/25/20February 21, 2020

2/25/2020 Hyatt Regency Houston Houston, TX Jordan will discuss recent SALT developments and trends at the TEI-Houston Tax School Session. Attendees will learn about topics including: U.S. Supreme Court Jurisdictions to Tax Combined Reporting Tax Base Issues Apportionment Issues Procedural Traps Click here for a copy of the presentation. Contact Jordan here.…

Aaron L. Hammer, David S. Ruskin and Nathan E. Delman Discuss the Hurdles and Risks Facing Cannabis Businesses with the Cannabis Industry JournalFebruary 18, 2020

Two thirds of all states and the District of Columbia have, to varying degrees, legalized cannabis. With the recent addition of Illinois, eleven states now allow adult recreational use. But cannabis entrepreneurs’ rush of excitement and dreams of cashing in is met with fierce competition and economic risks that makes the dreams, which look so dank at first, end up…

Rick S. Rein Presents "What's New for Receivers Around the World?" at the NAFER International Offshore Conference - 3/5/20February 12, 2020

3/5/20 Miami, FL Rick Rein, with a panel of experts comprised of professionals both foreign and domestic, will discuss new developments in statutory and case-law that impacts US receivers as they deal with actions and assets abroad. The session will focus on important new developments in the field around the world including topics concerning Brexit, China and more. Other challenges…

HMB Represents Svoboda Capital Partners in Recapitalization Deal with Management and Technology Consulting FirmFebruary 12, 2020

Svoboda Capital Partners ("SCP"), a private equity firm, announced its partnership and recapitalization with Kenway Consulting ("Kenway"), a management and technology consulting firm. HMB represented SCP in the recapitalization. Under terms of the agreement, SCP has purchased a majority interest in Kenway. Financial details of the transaction were not disclosed. SCP is a Chicago-based private equity firm that invests in…

HMB Represents Foxtrot in $17M Growth RoundFebruary 10, 2020

Foxtrot, a modern convenience store offering in-store and delivery options, announced that it raised $17 million in a funding round co-led by Imaginary Ventures and Wittington Ventures and joined by previous investors Fifth Wall, Lerer Hippeau, Revolution’s Rise of the Rest Seed Fund, M3 Ventures, The University of Chicago, Collaborative VC and Wasson Enterprises as well as new investors Bluestein…

David Ruskin presents "Litigation - Emerging Trends" at the Cannabis and Hemp Law and Practice in Illinois: The Nuts and Bolts Seminar - 2/21/20February 10, 2020

2/21/2020 Chicago, IL David will give a practical overview of the cannabis and hemp market, litigation and regulatory issues, the application process, banking and finance challenges, implications for employers and more. Other topics covered at the seminar include: Steams of Commerce Federal Law, Enforcement and Implications Hemp and CBD Illinois: Medical to Adult Use and Hemp Challenges - Banking, Insurance,…

Congratulations to HMB Attorneys Selected to 2020 Super Lawyers and Rising Stars ListsFebruary 3, 2020

2020 Illinois Super Lawyers John W. Guzzardo Richard M. Horwood Fred O. Marcus Jeffrey A. Zaluda 2020 Illinois Super Lawyers - Rising Stars Matthew R. Barrett Nathan E. Delman Brett M. Winterstein Super Lawyers is a rating service of outstanding lawyers from more than 70 practice areas who have attained a high-degree of peer recognition and professional achievement. The selection process…

Four Attorneys from the Litigation Group Named to 2020 Illinois Super Lawyers and Rising Stars ListsFebruary 3, 2020

One attorney from HMB's Litigation Group has been named as a 2020 Illinois Super Lawyer. Additionally, three attorneys were named to the 2020 Illinois Rising Stars list. Super Lawyers is a rating service of outstanding attorneys from over seventy practice areas who have attained a high degree of peer recognition and professional achievement. The following HMB attorney was selected for…

David S. Ruskin presents "Cannabis 101 for Older Adults" at Deerfield Public Library - 2/6/20January 29, 2020

2/6/2020 Deerfield Public Library Deerfield, IL David Ruskin, with a panel of experts, will discuss what you need to know about legalized cannabis in Illinois. The panel will address topics such as purchasing and using cannabis lawfully, the types of products available, safe use, potential therapeutic benefits and more. The program is geared toward older adults but is open to…

Jordan Goodman presents "Multi-State Controversies: A Mixed Bag of Issues" at the National Multistate Tax Symposium - 1/31/20January 24, 2020

1/31/20 Disney's Grand Floridian Resort & Spa Lake Buena Vista, FL Jordan Goodman will explore "classic" ongoing multistate tax issues at the 2020 National Multistate Tax Symposium. Attendees will learn how their business may cope and prepare to defend state audits or assessments arising from this mixed bag of multistate tax issues. Topics covered in this session include: Tax issues…

HMB Represents Mark-It Express Logistics LLC in Acquisition of Chicago-based Trucking CompanyJanuary 21, 2020

Mark-It Express Logistics LLC ("Mark-It"), a leading Midwest intermodal trucking and freight brokerage company, acquired Spirit Trucking Company ("Spirit"), a Chicago-based trucking company. HMB represented Mark-It in the acquisition of operating assets. Mark-It, founded in 2009 and recently named to Crain Chicago's Fast 50 for the second time and INC. 5000 for the fourth time, offers a full array of third-party…

Coronavirus (COVID-19) Updates and ResourcesJanuary 19, 2020

The ongoing issues related to the spread of the Coronavirus (COVID-19) have had and will continue to have a significant impact on individuals, families, businesses and markets. To better address the multifaceted and fluid effects of this pandemic, HMB has formed a COVID-19 Business Emergency Response Team. This multi-disciplinary team of attorneys will address key issues related to business and…

David A. Hughes Presents "Unusual and Challenging SALT Issues Faced by Taxpayers" at the Illinois CPA Society's Annual SALT Conference - 1/16/20January 16, 2020

1/16/20 David presented "Unusual and Challenging SALT Issues Faced by Taxpayers" at the Illinois CPA Society's Annual SALT Conference. Founded in 1903, the Illinois CPA Society is one of the largest state CPA societies in the nation with more than 23,200 members. It provides convenient and customized education, timely and relevant information, influential advocacy, and countless opportunities to make powerful…

David A. Hughes discusses the Unveiling of Illinois' 30-Day Income Tax with Law360January 13, 2020

Illinois seeks to establish a 30-day safe harbor against state income tax for nonresident employees under a recently proposed regulation that specifies how workers should calculate their number of days worked in the state. In an article by Law360, David Hughes explains how different this proposed rule is when compared to previous regulations, noting that previous regulations on taxing nonresident…

HMB Represents NextLevel in $50M Merger with California-Based Healthcare CompanyJanuary 10, 2020

NextLevel Health Innovations, Inc. ("NextLevel"), a managed care health plan for Cook County residents with Medicaid known for its community involvement, has signed a Merger Agreement with Molina Healthcare, Inc. ("Molina"), a FORTUNE 500 company. HMB represented NextLevel in the negotiation and signing of the Merger Agreement. As part of the transaction, Molina will assume the right to serve approximately…

Jim L. Jerue and Katherine A. Attebery Named 2020 Leading Lawyers by Leading Lawyers Advisory BoardJanuary 9, 2020

Jim and Katie were recommended by their peers and approved by the Leading Lawyers Advisory Board to be 2020 Leading Lawyers. The list of Leading Lawyers is the result of contact with thousands of lawyers within their respective region and/or area(s) of law. Only those lawyers who are most often recommended, and later approved by the Advisory Board, are selected.…

HMB Elevates David Machemer and Tim Rybicki to PartnerJanuary 8, 2020

Chicago, IL December 12, 2019 HMB Legal Counsel, a preeminent provider of legal services in Business and Finance, State and Local Tax, Trusts and Estates, Bankruptcy, Reorganization and Creditors' Rights, Real Estate and Litigation announced that three associate attorneys were elevated to partner. David W. Machemer David is a member of the firm's State and Local Tax (SALT) Group.  He…

HMB Announces 2020 Practice ChairsJanuary 8, 2020

Chicago, IL January 8, 2020 HMB Legal Counsel, a preeminent provider of legal services in Business and Finance, State and Local Tax, Trusts and Estates, Bankruptcy, Reorganization and Creditors' Rights, Real Estate and Litigation announced the 2020 Practice Chairs. John W. Guzzardo will lead the firm's Litigation Group, taking over for Rick S. Rein. As a practice group leader, John…

HMB Represents Listen Ventures in $2.8M Series Seed Funding Round of Washington State-Based Childhood Development CompanyJanuary 6, 2020

Slumberkins, makers of tools for early emotional learning, has secured $2.8 million in its Series Seed funding round led by Listen Ventures and SeaChange Fund. HMB represented Listen Ventures in their investment. Listen Ventures, a consumer-only venture capital firm focused on backing and building the brands of tomorrow, invests in ambitious entrepreneurs who challenge traditional thinking. This capital injection comes…

Samantha Breslow Discusses the Paradox of Chicago's Approach to Nexus and the "Cloud Tax" with Bloomberg TaxJanuary 3, 2020

Chicago's previously hidden tax ruling exempted Moxie Software Inc. from tax collection duties under the "Cloud Tax". In an article by Bloomberg Tax, Samantha Breslow explains the discrepancy between the Cloud Tax and Chicago's stance on nexus. Because the city didn't address the question of nexus in 2015 when modifications to its Personal Property Lease Transaction Tax were made, the…

Samantha Breslow discusses Chicago's Previously Hidden Private Letter Rulings with Bloomberg TaxJanuary 2, 2020

In an article published by Bloomberg Tax, Samantha Breslow delves into the challenges presented to taxpayers after Chicago's previously hidden Private Letter Rulings ("PLRs") come to light. "Historically, it has been very difficult to gain access to Chicago GILS ["General Information Letters"] or PLRs, which results in a lack of transparency for taxpayers trying to comply with city ordinances," said…

Updates to Employment Laws - Here's What You Need to KnowJanuary 1, 2020

Changes to Federal and Illinois laws will likely require you to update your employment practices and policies. Below is a summary of new acts and amendments affecting Illinois employers. Federal Updates The Fair Labor Standards Act Overtime Rules (effective January 1, 2020) Raises the “standard salary level” for executive, administrative and professional exemptions from $455 per week to $684 per…

New Year, New Trust LawDecember 16, 2019

New Beneficiary Notice Requirements For Trusts that Become Irrevocable After December 31, 2019 Effective January 1, 2020, the Illinois Trust Code (“ITC”) will replace the Illinois Trust and Trustees Act as the law governing Illinois trusts. With the adoption of the ITC, Illinois becomes the 34th state to adopt a form of the Uniform Trust Code. Most of the new…

HMB Celebrates with a Week of Holiday CheerDecember 16, 2019

Before we ring in the new year, HMB is celebrating some of our favorite moments of 2019, in our first Week of Holiday Cheer. Over the next week, we'll remember a few moments and accomplishments that we are most proud of. You can follow our Week of Holiday Cheer on LinkedIn, Facebook and Twitter. Celebrating 2019 and the HMB Family It’s…

Samantha Breslow Named a 2019 National Law Review Go-To Thought LeaderDecember 11, 2019

For her articles focusing on Illinois and Cook County Tax Law, including those on Chicago and Cook County Amusement Tax and Applying the Chicago Lease Transaction Tax to "Cloud" Software Products, Sam is named a 2019 National Law Review Go-To Thought Leader. 75 authors from a pool of over 100,000 legal news articles published by the National Law Review in…

New "Just Housing Ordinance" Changes Tenant Screening Procedures in Cook CountyDecember 10, 2019

Ordinance Prohibits Initial Inquiry of Tenant Criminal History On April 25, 2019, Cook County Commissioners approved an amendment to the Cook County Code, known as the “Just Housing Ordinance," that prohibits the denial of a tenant’s application or continuing occupancy of residential real property based on criminal convictions. Specifically, landlords may no longer inquire about, consider, or require disclosure of…

Samantha Breslow published in Tax Notes State - "Debugging the (State Tax) Code: Outdated Sales Tax Terminology"December 9, 2019

Read the full article on Tax Notes here (subscription required). Samantha Breslow discusses how the sluggishness of legislation does not often adjust itself to the speed and terminology of technology. However, there are a few states that are adapting to overcome the discrepancies. Download a PDF of the full article here. Debugging the (State Tax) Code: Outdated Sales Tax Terminology…

Jordan Goodman presents "Wayfair and Current Nexus Changes and Challenges" at Clayton State University - 12/06/19December 6, 2019

12/06/19 Clayton State University Morrow, Georgia Jordan will answer the question: Are all businesses subject to all taxes in all states after Wayfair? This presentation at Clayton State University will review the various jurisdictional standards and what is left to protect businesses in 2020 and beyond.…

HMB Represents Hyde Park Angels in $4.5M Funding Round of Chicago-based Tech/Cannabis CompanyDecember 6, 2019

Leaf Trade, a technology company whose wholesale ordering platform connects licensed cannabis vendors and dispensaries, announced that it raised $4.5 million in a funding round led by HPA and Duke Software Investments. HMB represented Hyde Park Angels (HPA) in their investment. HPA's people-first approach provides unique value to entrepreneurs and investors. HPA will be actively involved in Leaf Trade at…

Hal Wood Named to Law Firm Alliance's Board of DirectorsDecember 2, 2019

Hal Wood was named to the Law Firm Alliance's Board of Directors. The LFA is an international network of mid-sized law firms where members collaborate to share knowledge, experience and jurisdictional expertise to benefit their clients. The LFA provides a wealth of trusted resources for our clients and virtually expands our attorney network worldwide.…

Jordan Goodman presents "Ethics in the Age of Streeeeeeetching the Truth" at the NYU School of Professional Studies - 12/16/19-12/17/19November 25, 2019

12/16/19-12/17/19 New York City, NY Jordan will advise practitioners and in-house employees on what they can ethically do with respect to SALT work at the NYU School of Professional Studies. Jordan will discuss tax returns to negotiation or settlement, and everything else in between. Click here to register for the event. Click here to request a copy of the presentation…

David Ruskin presents "Cannabis and Judaism: Implications in Halacha as well as the Law" at the Chicago Loop Synagogue - 1/16/20November 22, 2019

1/16/20 Chicago, IL David joins a panel of experts to discuss important issues related to Cannabis Law and how it impacts the Jewish Community at the Chicago Loop Synagogue. Attendees will learn more about: The impact of marijuana legalization How it will work within the context of the state What Rabbinic authorities have to say on the issue How it…

HMB represents Colony Display LLC in Sale to Kinzie Capital PartnersNovember 21, 2019

HMB represented Colony Display LLC in its sale to Kinzie Capital Partners LLC, a Chicago-based private equity firm. Colony Display is a leader in highly customized fixtures and displays servicing the home improvement, retail and hospitality industries. Kinzie's acquisition of Colony Display will see the company into the next phase of growth and provide resources to advance company strategy and…

HMB's SALT Group Provides Multi-State Updates Nationwide with 2019 Brewery SeriesNovember 15, 2019

From Houston to Memphis and Minneapolis to Chicago, HMB's SALT Group gave insightful tax presentations throughout the year as a part of the 2019 Brewery Series. Hosted in breweries instead of boardrooms, the 2019 series was a refreshing way for businesses to stay in the know about state and local tax. Pictured above: (L-R) Chris Lutz and David Machemer The…

HMB Represents DataCubes in $15.2 Million Series B Funding RoundNovember 15, 2019

DataCubes is the first underwriting decisioning platform for commercial property and casualty insurance. Leveraging machine learning and artificial intelligence software, DataCubes provides commercial carriers of all sizes the ability to make real-time underwriting decisions. The intelligence gathered provides efficient, accurate, and productive steps forward for DataCubes' clients. The company was founded in 2016 by Kuldeep Malik and Harish Neelamana and…

HMB represents Ascent in $19.3 Million Series B Funding RoundNovember 6, 2019

HMB represented Ascent in a $19.3 Million Series B Funding Round, led by Drive Capital. Ascent is an AI-driven solution company. Their goal is to help customers automate regulatory compliance by delivering customers regulatory knowledge in the form of a dynamic obligations register. This approach reduces the mundane and error-prone manual efforts of regulatory research and analysis. With Series B…

David Hughes presents "An Update from Springfield: New Illinois Sales and Use Tax Legislation" at The Chicago Tax Club - 11/07/2019November 6, 2019

11/7/19 Stephens Convention Center Rosemont, IL While there has been much discussion about a possible graduated income tax in Illinois, the General Assembly has also been busy on the sales and use tax side. From new rules for marketplace sellers and facilitators to sales sourcing for remote vendors to an expanded manufacturing exemption, the General Assembly recently passed several significant…

Jordan Goodman presents "Post-Wayfair World - Now What?" and "Sea to Shining Sea - What is Happening in the SALT World" at CPAmerica - 11/11/19November 6, 2019

11/11/19 Austin, TX In "Post-Wayfair World - Now What?", Jordan Goodman will discuss how remote sellers were affected by the USSC overruling of Quill in June 2018.  This presentation will try to clarify when a business is subject to any of a state's taxes. In "Sea to Shining Sea - What is Happening in the SALT World", Jordan will highlight…

Jordan Goodman "A Multi-State/State Tax Update" at the Michigan Tax Conference - 11/07/19November 5, 2019

11/07/19 Suburban Collection Showplace Novi, MI In this presentation for MICPA, Jordan Goodman will cover the recent happenings in state and local tax with a focus on the Midwest states. It will highlight the GOOD things that happened for Taxpayers both judicially and legislatively and will inform attendees on the BAD issues that they and their clients should try to…

David Hughes and Jordan Goodman present "SALT in 2019 - It's About More Than Just Wayfair" at AGN International - 10/20-22/19November 5, 2019

10/20/19-10/22/19 Grand Hyatt Atlanta in Buckhead Atlanta, GA While the US Supreme Court’s decision in Wayfair has dominated recent headlines, there is a lot more happening in the SALT world that you and your clients need to know about.  In this session for AGN International, David and Jordan will explore current SALT developments and trends with an emphasis on recent…

HMB Represents EDCO Health Information Solutions Inc. in Sale to BV Investment PartnersNovember 5, 2019

HMB represented EDCO Health Information Solutions Inc. in it's sale to BV Investment Partners, a middle-market private equity firm focused on the business services, software and IT sectors. Headquartered in St. Louis, MO, EDCO provides automated unstructured data indexing solutions to healthcare providers. EDCO's Solarity®, a patented medical record indexing software, gives automated transformation of unstructured data into clinically relevant patient…

Ken Goldstein, Jim Plucinsky & Joe Tamburello present "Small Business Tax Considerations"-Chicago Bar Foundation Justice for Entrepreneurs Project-10/31/19October 30, 2019

10/31/19 Chicago, IL Ken Goldstein, Jim Plucinsky and Joe Tamburello present an in-depth discussion of the tax considerations for small businesses.  Attendees will learn detailed information regarding tax compliance requirements based upon the choice of entity as well as tax planning and savings strategies for single-member LLCs, multi-member LLCs, partnerships, S corporations and C Corporations. The CBF Justice Entrepreneurs Project…

Watch Aaron Hammer and Rick Rein Present "Hot Topics in Cross Border Restructurings" On DemandOctober 14, 2019

On 9/17/19 Aaron Hammer and Rick Rein presented "Hot Topics in Cross Border Restructurings" at the Offices of Gowling WLG LLOP in Toronto, Canada. Aaron and Rick discussed the role of chief restructuring officers and other turnaround professionals in Canadian restructuring, flash points in today's cross border insolvencies, and the cannabis space. This program was intended for lenders, turnaround professionals…

HMB Retained as Counsel to Official Committee of Unsecured Creditors of Thrush Aircraft, Inc.October 9, 2019

On September 24, 2019, the Official Committee of Unsecured Creditors of Thrush Aircraft, Inc. selected HMB Legal Counsel (“HMB”) as its counsel, with the U.S. Bankruptcy Court for the Middle District of Georgia approving HMB’s retention on October 2, 2019. Thrush Aircraft ( “Thrush”) is a leading designer and manufacturer and of single-engine light aircraft, primarily used in agriculture operations. Thrush…

David Hughes presents "Unclaimed Property Enforcement in Illinois and Multistate Audits" - 10/23/19October 4, 2019

10/23/19 Chicago, IL David A. Hughes will present "Unclaimed Property Enforcement in Illinois and Multistate Audits" with BDO. Two reporting cycles have passed since Illinois adopted its unclaimed property law changes, including elimination of the Illinois business-to-business exemption for vendor payments and customer credits. This webinar will focus on Illinois efforts to enforce its new unclaimed property regime, including a…

Data Scraping Survives! (At Least For Now...) Key Takeaways From 9th Circuit Ruling on the hiQ vs. Linkedin CaseSeptember 20, 2019

The original case was brought in California federal district court in 2017 by a company (hiQ) trying to protect its business of using publicly posted user data on LinkedIn. The California federal district court awarded a temporary restraining order against LinkedIn. This order allowed hiQ to keep scraping data off of LinkedIn’s platform on employees in connection with one of…

New Higher Majority Requirement for Condominium Deconversions in Chicago - Here's What You Need to KnowSeptember 20, 2019

Chicago Passes New Legislation Effective Immediately On September 18, 2019, the Chicago City Council unanimously passed a new ordinance that increases the percentage of owners required to approve the sale of a condominium building in the City. The ordinance, introduced by Alderman Brendan Reilly (42nd Ward), increases the required unit owner vote on a deconversion condominium sale to 85% of…

HMB Represents Launchways in Partnership DealSeptember 19, 2019

HMB represented Launchways in a new partnership deal with Patriot Growth Insurance Services, LLC. Launchways, founded in 2009, provides business leaders with human resources consulting, employee benefits and commercial insurance solutions. Launchways has guided over 400 customers to overcome insurance and human resources challenges throughout the Midwest. The company recently moved its headquarters to Chicago to accommodate its growing employee…

HMB in Action: Team HMB at Race Judicata 2019September 17, 2019

9/12/19 Chicago, IL 16 HMB team members participated in the 2019 Race Judicata 5k Sprint for Justice. The race celebrates pro bono work and raises funds for Chicago Volunteer Legal Services, the city's biggest volunteer-based legal aid provider. Team HMB had a blast racing in support of the CVLS and their mission to represent Chicago's poor and working poor community.…

Samantha Breslow Discusses Chicago's "Cloud Computing Tax" with Bloomberg Law NewsSeptember 16, 2019

Auditors in Chicago have been aggressively asserting that businesses have tax duties under the "cloud computing tax" because of their economic presence, or the volume of business they conduct within the city. In an article by Bloomberg Law News titled "State of Wayfair: Economic Thresholds Sneak Into Chicago Audits" by Michael J. Bologna, Samantha Breslow explains that the problem is…

Samantha Breslow Discusses Chicago's Tax on Cloud-Based ProductsSeptember 10, 2019

At the beginning of 2016, Chicago implemented a unique method to tax businesses for their use of remote computing services, also known as the cloud. The Personal Property Lease Transaction Tax program collected $13.9 million during its first six months and rose to $42.2 million through 6/30/18. In an article by Bloomberg Law News, Samantha Breslow explained that Chicago is…

Fred Marcus Discusses Indirect Taxes and Tax Risk Management at the California Tax Policy Conference - 11/8/19September 8, 2019

11/8/19 California Tax Policy Conference Hyatt Regency Mission Bay San Diego, California Fred Marcus presents "That's Just Sales and Use Tax Creeping Up On You: When Unexpected Tax Arises for Responsible Persons and Successes" at the annual California Tax Policy Conference in November. The presentation will seek to assist uncertain business owners and officers who are concerned about sales and…

The Small Business Reorganization Act Arrives in February 2020 - Here's What you Need to KnowSeptember 6, 2019

With President Trump’s signature August 23rd, the Small Business Reorganization Act of 2019 (“SBRA”) will officially take effect in February 2020. The SBRA is designed to fill a gap in the current bankruptcy laws by providing a framework for small businesses to successfully reorganize in bankruptcy court.  As noted by the senate bill’s sponsor, Iowa Senator Charles Grassley, “Chapter 11…

Jeff Zaluda presents "Some Trends in Philanthropy Impacting Large Publicly Supported Charities" - Jewish National Fund - 9/18/19September 6, 2019

09/18/19 Chicago, IL While Americans remain the most generous and philanthropic people in the world, the landscape for giving is changing at an accelerated rate. Jeff Zaluda discusses how Millennial and generational subgroups have dramatically impacted the manner in which philanthropy is carried out. He will examine some of the reasons behind the changing landscape and ways in which donors…

Jordan M. Goodman Presents at IPT's Sales Tax Symposium - 09/23/19August 29, 2019

09/23/19 Orlando, FL See below for more information about Jordan's presentation at the IPT Sales Tax Symposium. If you would like to attend or have questions about a presentation, click here to contact Jordan. Jordan Goodman presents "How to Effectively Manage Indirect Tax Liabilities with Big Data and Tax Analytics" In this session, attendees will learn to: Harness large volumes…

Nathan E. Delman presents "The Good, the Bad and the Ugly: Coverage Counsel at § 341 Meetings"-Seventh Circuit Consumer Bankruptcy Conference-10/14/19August 29, 2019

10/14/19 Chicago, IL The Seventh Circuit Consumer Bankruptcy Conference will present an overview of savings in chapter 13, coverage counsel at § 341 meetings and navigating bankruptcy appeals. There will also be a Seventh Circuit case law update as well as a look at recommendations made in the Final Report of the ABI Commission on Consumer Bankruptcy. Nathan is a…

David Ruskin presents "Alternative Dispute Resolution" at the Cannabis Law Institute - 10/03/19August 28, 2019

10/03/19 New York City, New York David Ruskin presents "Alternative Dispute Resolution" at the Cannabis Law Institute. The key curriculum of the third annual institute is "All Things CannaBusiness" and seeks to focus on learning every aspect of cannabis legal representation. David will discuss how one of the most important instruments in the attorney's doctrinal toolbox is Alternative Dispute Resolution…

HMB Represents Chicago-based Social Enterprise A.M. Money in Venture Capital FinancingAugust 28, 2019

HMB represented A.M. Money, Inc. in an outside venture capital round led by Lightbank. Founded by Daniel Rogers based on his experience paying for college by enlisting in the United States Army and taking courses online while deployed in a combat unit in Iraq, A.M. Money is a Chicago-based social enterprise that provides low-interest, no-cosigner loans to college students from…

Attorneys in Action: Sean Auton gives back with Facing Forward to End HomelessnessAugust 28, 2019

Sean Auton, an HMB partner and member of HMB's Business and Finance practice, gave out plenty of high-fives at Facing Forward to End Homelessness's Board/Resident picnic. Sean works with Facing Forward as a board member. Facing Forward ends the cycle of homelessness by providing housing and social services. Once critical needs such as food and housing are met, clients at…

Attorneys in Action: John Wiktor Gives Back as Bethesda Board MemberAugust 23, 2019

On 8/15/19, John Wiktor, Chair of HMB's Private Client, Trusts & Estates Group and pictured above in the blue shirt, joined the groundbreaking ceremony for Bethesda Cornerstone Village, in Victoria, Minnesota. The community, one of the first of its kind in the United States, will provide an inclusive environment for active seniors and independent adults with disabilities. John is a Board…

Samantha Breslow is appointed to Chair of the Chicago Bar Association's State and Local Tax CommitteeAugust 21, 2019

After serving as Vice Chair of the Chicago Bar Association's SALT committee last year, Samantha Breslow has been appointed as the 2019-2020 Chair. Learn more about Chicago Bar Association here.…

Two Illinois Amnesty Programs are Arriving in October: HMB Addresses the ChangesAugust 19, 2019

Starting October 1st, 2019, two new Amnesty programs will arrive in Illinois. One will cover all taxes administered by the Department of Revenue. The other program will cover franchise taxes. Before these programs come into play, members of the HMB State and Local Tax practice provide insight into what these changes will look like. Taxes Administered by Department of Revenue…

Aaron Hammer and Rick Rein present "Hot Topics in Cross Border Restructurings" - 9/17/19August 16, 2019

9/17/19 Offices of Gowling WLG LLP Toronto, Canada Aaron Hammer and Rick Rein present "Hot Topics in Cross Border Restructurings" at the Offices of Gowling WLG LLP on September 17th. The discussion will include: The Role of Chief Restructuring Officers and Other Turnaround Professionals in Canadian Restructuring • Would Canadian restructurings benefit from an increased use of CROs, similar to…

Fred Marcus presents "Frankel Award Recipients Discuss Frankel Issues Frankly!" at COST's 50th Annual Meeting - 10/24/19August 16, 2019

10/24/19 JW Marriott Washington, DC Fred will co-present with fellow Paul Frankel Award recipients at COST's 50th annual meeting. Over his long career, Paul Frankel, the "Godfather of COST", spearheaded a number of issues that evolved over the years. In this session, presenters will discuss those issues, their evolution and Paul's impact on them. If you want to attend or…

Fred Marcus Presents "Today in Taxes" at New York University's 37th Institute on State and Local Taxation - 12/17/19August 16, 2019

12/17/19 Grand Hyatt New York on 42nd Street New York City, NY Fred Marcus will present "Today in Taxes" at New York University's 37th Institute on State and Local Taxation on December 17th, 2019. The most important SALT developments will be discussed throughout the event by a team of industry leaders. The 37th Institute will include a "Hardball" segment that…

David A. Hughes Presents "State and Local Tax Issues in Corporate M&A Transactions" at Tax Strategies 2019 - 11/15/19August 16, 2019

11/15/19 Tax Strategies 2019 Hotel Allegro Chicago, IL David Hughes will present "State and Local Tax Issues in Corporate M&A Transactions" for Practising Law Institute at Tax Strategies 2019 on November 15th, 2019. The presentation will address state and local tax issues that arise in corporate transactions with a particular emphasis on Section 338(h)(10) sales and tax-free reorganizations and spin-offs.…

Nathan E. Delman Joins HMB Legal Counsel Expanding Bankruptcy PracticeAugust 6, 2019

CHICAGO, IL - HMB Legal Counsel, a preeminent provider of legal services in business and finance, litigation, trusts and estates, real estate, state and local taxes and bankruptcy, reorganization and creditors' rights announced that attorney Nathan E. Delman joined the firm as an associate in its growing bankruptcy, reorganization and creditors' rights practice. Nate has over ten years’ experience as a…

David Ruskin Joins Legal Face-Off on WGN Radio to Discuss Illinois' New Cannabis LawAugust 2, 2019

Cannabis business attorney David Ruskin was interviewed by Chicago's top legal radio show, Legal Face-Off on WGN Radio. David discussed Illinois' new recreational marijuana law and what it means for individuals and businesses. Listen to the recording on WGN Radio.…

HMB Represents Quantitative Insights in Sale to Chicago Biotech Incubator Paragon BiosciencesJuly 25, 2019

HMB represented Quantitative Insights, developer of QuantX, the first-ever FDA-cleared computer-aided breast cancer diagnosis system in radiology, in its sale to Qlarity Imaging, a portfolio company of Paragon Biosciences. Quantitative Insights was founded at the University of Chicago around technology developed at the University and with the support of the University’s Polsky Center for Entrepreneurship and Innovation. Paragon is a…

Jordan Goodman Presents at the 2019 State and Local Tax Workshop for Technology CompaniesJuly 23, 2019

2019 State and Local Tax Workshop for Technology Companies Foster City, California Beware of the Locals—They Might Take You by Surprise With Jordan Goodman San Francisco, Mountain View, Portland, Seattle—what are these cities thinking? Each has aggressively targeted businesses (and, in many situations, exclusively tech businesses) for new revenue. This panel will provide an overview of several of these new…

Brian Axelrad, Social Impact Lawyer, Participates in the Chicago Council on Global Affairs Emerging Leaders ProgramJune 28, 2019

THE CHICAGO COUNCIL ON GLOBAL AFFAIRS The Chicago Council on Global Affairs is an independent, nonpartisan membership organization that provides insight – and influences the public discourse – on critical global issues. The Council on Global Affairs is committed to bringing clarity and offering solutions to issues that transcend borders and transform how people, business and governments engage the world.…

David Hughes Presents "Indirect and Operational Tax" at the Chicago Tax Club Summer Seminar - 6/27/19June 27, 2019

6/27/19 Saddle & Cycle Club Chicago, IL David Hughes presents "Indirect and Operational Tax" at the Chicago Tax Club's Summer Seminar on June 27th. The presentation reviews recent state cases that defy logic and would cause any tax professional to think twice about whether the positions they take are on solid ground. Click here to learn more about the seminar.…

Jordan Goodman Presents 'Multi-State Tax Update'June 13, 2019

This 2-part presentation will get the audience up to date on recent state and local tax cases and statutory changes that will affect their client's business. The discussion will cover such topics as when a state can impose its taxing jurisdiction on an out-of-state business and what taxpayers can do to protect themselves. We will also cover the latest in…

As Reports of Hacking and Wire Fraud/BEC Scams Increase, Here's What You Can Do to PrepareJune 12, 2019

Business Email Compromise ("BEC") is a scam perpetrated by cyber criminals to attack businesses that first began to be tracked and reported by the FBI in 2013. BEC typically consists of phony or phishing emails that appear to originate from a company executive or member of a company's accounting or finance department containing fraudulent payment instructions with the objective to…

Illinois Legislative Update: What You Need to KnowJune 7, 2019

As you may be aware, the Illinois legislature recently completed its 2019 legislative session. This session was particularly productive from a tax legislation perspective and we would like to update you on the key state and local tax changes that may affect you or your business. Please do not hesitate to contact any member of the HMB SALT team if…

John Wiktor Presents "Charitable Gift Agreements: Restrictions, Naming Rights, Enforcement and Ensuring Deductibility of Contributions"May 17, 2019

The necessary details of charitable agreements are often overlooked by the parties, potentially resulting in serious legal ramifications. Incorporating charitable giving in an estate plan involves careful consideration to specific rights, conditions, restrictions and other vital provisions within a charitable gift to ensure the donor's intent and the benefits allowed for estate planning purposes. Charitable gift agreements must outline the…

David Hughes Presents "Multi-State Taxation" at the 60th Annual TEI Upstate New York Tax Conference - 5/7/19May 7, 2019

5/7/19 Salvatore’s Italian Garden Buffalo, NY David Hughes presents "Multi-State Taxation" at the 60th Annual TEI Upstate New York Tax Conference. The all-day event hosts speakers from across the United States who will discuss tax and tax-related topics. Click here to learn more about the conference. Click here to contact David with questions.…

David Hughes Presents at Sales Tax Institute's Advanced Sales and Use Tax Advanced Workshop - 5/1/19May 1, 2019

5/1/19 Chicago, IL David Hughes is a faculty member for Sales Tax Institute's Advanced Sales and Use Tax Advanced Workshop. David discusses taxation services, the construction industry and gross receipts taxes. Click here to learn more about Advanced Sales Use Tax Workshops. Click here to contact David with questions.…

Webinar: David Hughes Presents "Illinois Unclaimed Property Compliance & Enforcement Update: Part I" With BDO & IL Chamber Of CommerceApril 30, 2019

With a multi-billion dollar budget and pension crisis on hand, Illinois is desperately seeking new sources of revenue, including new and potentially radical unclaimed property laws. These new rules create a "taxing effect" on holders who in many cases did not have unclaimed property reportable to the state under the previous law. Many holders now have reporting obligations as a…

Counseling a Cannabis-Related Business OverviewApril 24, 2019

David provides an overview of the regulation of cannabis and considers the top legal issues faced by a cannabis-related business, focusing on the conflict between federal law and state laws where medical or adult use recreational marijuana is legal.

David Hughes added to Law360's Tax Authority State & Local Editorial Advisory BoardApril 23, 2019

The purpose of the editorial advisory board is to get feedback on Law360's coverage and gain insight from experts in the field on how best to shape future coverage. David represents clients in multistate planning, audit and controversy matters, including state income, franchise, gross receipts, sales/use and unclaimed property. Hughes is also an adjunct professor of state and local tax…

David Ruskin Presents "Counseling Clients in the Cannabis Industry"April 12, 2019

This year's Business and Commercial Law Journal Symposium will be focused on developments and innovation in the legal landscape. The speakers will be presenting on a wide range of topics from technological developments, and how they impact the practice of law, to diversity and pay inequity in the workplace. David Ruskin will discuss the evolving cannabis industry and how to…

Jordan Goodman Presents “All States Update” at the Dallas Chapter of Tax Executives Institute – 4/24/19April 7, 2019

4/24/19 Dallas Chapter of Tax Executives Institute Dallas, TX Jordan Goodman will lead a detailed discussion of the key SALT cases.…

Jordan Goodman Participates in a Mock Trial for the Unclaimed Property Professionals Organization (UPPO)March 26, 2019

Jordan Goodman will participate in a mock trial experience using recent unclaimed property cases as the backdrop.…

HMB Represents Lightstream in $8 Million Series A FinancingMarch 19, 2019

Lightstream, a Chicago startup that makes cloud-based video production software, announced their $8 million funding round led by Drive Capital. Lightsream's vision is to provide video content creators of all levels with professional-grade production and editing tools through the service's browser-based or downloadable software. Read more about Lightstream and their Series A here. HMB's team was led by Jim Jerue, Renee…

David Hughes Presents "Market Based Sourcing" at the ABA/IPT Advanced State Income, Sales/Use & Property Tax Seminar - 3/12/19March 12, 2019

3/12/19 Ritz-Carlton new Orleans New Orleans, LA David Hughes presents "Market Based Sourcing" at the ABA/IPT Advanced State Income, Sales/Use & Property Tax Seminar in March. The seminar is designed with attorneys, accountants, tax directors state and local tax managers, government tax officials, appraisers, property tax managers, commercial and industrial property managers and others interested in state and local income,…

Jordan Goodman Participated in "The Annual Big Easy Brawl"March 11, 2019

Join Professor Richard D. Pomp and Jordan M. Goodman in an in depth point counter-point discussion of trending SALT issues!  Participate in an outstanding session of insightful commentary on observations with two of the country's leaders in SALT. By attending this session, participant will be able to: Identify major developments in today's state and local tax world and spot trends…

Jordan Goodman Provides Insight to International Tax Review: "Exclusive: US State Drags Amazon to Court on Platform Sales Tax Liability"February 26, 2019

An article published by International Tax Review discusses how Judge Ralph King Anderson III will decide whether Amazon acted as a seller in a case against the US state of South Carolina, potentially making it liable for millions of dollars in back taxes. Although the parties agree that the facts of the case are not in doubt, and no trial…

Congratulations to HMB's Lawyers Selected to 2019 Super Lawyers and Leading Lawyers ListsFebruary 26, 2019

2019 Illinois Super Lawyers John W. Guzzardo Richard M. Horwood Fred O. Marcus Jeffrey A. Zaluda 2019 Illinois Super Lawyers - Rising Stars Matthew R. Barrett Brett M. Winterstein Super Lawyers is a rating service of outstanding lawyers from more than 70 practice areas who have attained a high-degree of peer recognition and professional achievement. The selection process is multi-phased and…

Jordan Goodman Presents "Wayfair Ramifications Outside of Sales and Use Tax"February 18, 2019

In Wayfair, the US Supreme Court held that the dormant Commerce Clause requirement of "substantial nexus" no longer mandates a "physical presence" requirement in the context of South Dakota's sales tax nexus law. In reaching this outcome, Wayfair potentially blurs historical distinctions between Due Process and Commerce Clause nexus, leaving businesses to contemplate going forward the extent to which the Commerce…

Horwood Marcus & Berk Elevates Three Attorneys to PartnerFebruary 8, 2019

CHICAGO, IL (December 18, 2018) - Horwood Marcus & Berk (HMB), a preeminent provider of legal services in business and finance, state and local taxes, trusts and estates, litigation, real estate and bankruptcy, reorganization and creditors' rights announced that three attorneys were elevated to partner. Christin A. Handa Christin is a member of HMB's Trusts and Estates Group. She concentrates her practice…

Jordan Goodman Presents "Today's Commerce Clause & Tomorrow's Multistate Tax Controversies" at Deloitte's 2019 National Multistate Tax SymposiumFebruary 6, 2019

In Wayfair, the US Supreme Court held that the dormant Commerce Clause requirement of "substantial nexus" no longer mandates a "physical presence" requirement in the context of South Dakota's sales tax nexus law. In reaching this outcome, Wayfair potentially blurs historical distinctions between Due Process and Commerce Clause nexus, leaving businesses to contemplate going forward the extent to which the…

Congratulations to Horwood Marcus & Berk Chartered Selected For a 2018 National Law Review Go-To Thought Leadership AwardJanuary 23, 2019

HMB has been selected as a "Go-To Thought Leader" for coverage of State Tax and Local Tax regulations, litigation and legislation. The attorney-authors at HMB analyze developments in their field and provide a deep understanding of issues. The 2018 "Go-To Thought Leadership Awards" recognize 65 exceptional authors and legal organizations for their reporting of complex legislative and litigation news, as…

David Ruskin Provides Insight to Bloomberg Law - "Illinois AG Seeks to Dismiss Dozens of Whistleblower Cases"January 22, 2019

An article published by Bloomberg Law discusses how the Supreme Court Wayfair decision could affect dozens of lawsuits filed by prolific whistleblower Stephen B. Diamond. Illinois Attorney General Lisa Madigan has filed a series of motions to dismiss these cases, alleging they have minimal financial and legal relevance for the state. State and Local Tax attorney, David Ruskin, stated, "The…

David Hughes to Present "Beyond Wayfair: Sales Tax Collection in the Internet Age"January 22, 2019

Illinois CPA Society Illinois CPA Society Education Center Chicago, Illinois Click here for more info and to register. On June 21, 2018, the US Supreme Court issued the most important sales tax decision in the last 25 years. Overruling 50 years of precedent, the Court ruled that a remote seller can be required to collect a sales or use tax…

David Hughes to Present "Wheel of Ethics: Take a Spin and See What Ethical Dilemma Awaits"January 22, 2019

Conference Hotel - Hyatt Regency New Orleans New Orleans, Louisiana The concepts of confidentiality and privilege arise for attorneys on a recurring basis. Ethical considerations, among others, are often part of the complex analysis that goes into a confidentiality and privilege evaluation. When, how and to whom do these obligations and protections attach are just a few of the primary…

John Guzzardo and Rick Rein Published in NABT American Bankruptcy Trustee JournalJanuary 15, 2019

John Guzzardo and Rick Rein wrote an article for NABT American Bankruptcy Trustee Journal regarding the use of Consent Directives to locate offshore assets. A consent directive is a "rare bird" investigatory tool that litigants in the US may use to discover assets and information from debtors or third parties located anywhere in the world. Recently, the Ninth Circuit Bankruptcy…

Bankruptcy Trustees Can Utilize Consent Directives to Locate Offshore Assets of the DebtorJanuary 15, 2019

John Guzzardo and Rick Rein wrote an article for American Bankruptcy Trustee Journal regarding the use of Consent Directives to locate offshore assets.

Fred Marcus Presents "What's Happening Everywhere Today" at NYU's 37th Institute on State and Local TaxationDecember 18, 2018

Get ready for a jam-packed show. It's hard to cover the ever-changing state and local tax landscape, but our all-star team of special reporters provides a rundown of what you need to know about the most important SALT developments affecting taxpayers today. Included in this year's "Hardball" segment is a discussion of the applicability of local which are widespread and…

David Hughes Named Chair of the Indirect & Operational Tax Committee of Chicago Tax ClubDecember 3, 2018

The Chicago Tax Club, organized in 1933, is a nonprofit association consisting of individual tax professionals employed by corporations and other businesses. The principal function of the organization is providing educational and networking events, in order to assist members in identifying and resolving tax compliance, planning and audit issues relating to their employers.…

Rick Rein presents "Cross Jurisdiction Enforcement: Getting Paid When The Money is Overseas" - Delaware State Bar Assn & WTC of Delaware - 11/28/18November 27, 2018

University & Whist Club Wilmington, Delaware Moderated by Rafael Zahralddin, International section co-chair and Elliott Greenleaf, P.C. Director & Shareholder, Rick Rein will participate in a panel that will discuss how to domesticate a foreign judgment in Delaware, as well as how to domesticate a Delaware judgment in a foreign jurisdiction. The keynote speaker is The Honorable Eric M. Davis,…

Fred Marcus the Receives The State Tax Author of the Year Award Given by Bloomberg Tax & Bloomberg Tax State Tax Advisory BoardNovember 20, 2018

Fred Marcus has been selected to be the recipient of this year's Bloomberg Tax State Tax Author of the Year Award. "As the lead author for two State Tax Portfolios and three State Tax Navigators, you have significantly contributed to our state tax analysis. Over the past two years in particular, you have delivered top notch analysis and shown tremendous…

Fred Marcus Provides Insight to State Tax Notes - "Wayfair Settlement is a Missed Opportunity"November 20, 2018

An article published by State Tax Notes discusses how South Dakota's recent Wayfair settlement has eliminated an opportunity to provide further guidance for other states' remote seller laws. State and Local Tax attorney, Fred Marcus, stated, "Wayfair shows an acknowledgment by the Court that the economy has changed since Quill was decided, and that the inability to tax online commerce…

David Hughes Present Everything You Event Wanted to Know About SALT, But Were Afraid to Ask at CPA America - 11/5/18November 19, 2018

The Wayfair decision?state and local tax implications of tax reform?taxation of streaming videos and other digital products?multiple states taxing the same income. Navigating the current SALT landscape is a challenge for any multistate taxpayer. This session will explore the hottest SALT issues and how to deal with them.…

Jordan Goodman Presents "State of the States - State Tax Overview" at Philadelphia Chapter of the Tax Executives Institute Inc. (TEI) - 11/14/18November 14, 2018

Philadelphia Chapter of the Tax Executives Institute, Inc. (TEI) Penn State Great Valley Malvern, Pennsylvania Click here for more info and to register. Catch up on the latest issues in state and local tax with a discussion of the latest and greatest cases and evolving trends in the SALT world.…

Fred Marcus and David Hughes Present "Wayfair and Its Impacts" at Nebraska Chapter TEI - Eleventh Annual Fall Training Day - 11/13/18November 12, 2018

The U.S. Supreme Court's Wayfair decision is one of the most important state and local tax decisions of the last 25 years. By eliminating the physical presence requirement for sales tax nexus, the Court has completely changed the landscape for remote sellers. This session will explore how states are responding after Wayfair and the potential problems that sellers can expect…

David Machemer and Samantha Breslow Present "Local Taxes: Who's on First, What's on Second, I Don't Know is on Third"November 7, 2018

Marylin Wethekam is one of several authors who penned articles for State Tax Notes regarding the U.S. Supreme Court's ruling in South Dakota v. Wayfair, Inc. that overturned Quill Corps v. North Dakota and altered the state tax landscape. The articles address the Wayfair decision and the issues that remain after the Supreme Court struck down the physical presence test…

Fred Marcus Presents "Quilling Me Softly" at the 2018 Annual Meeting of the California Tax Bar and California Tax Policy ConferenceNovember 7, 2018

After waiting patiently for over 25 years, South Dakota finally bested her northern sister in the battle of naming rights to the most important nexus case. Our panel will discuss the Wayfair decision in depth, including its implications for economic nexus standards outside sales and use taxes (e.g. income taxes and gross receipts taxes). Panel members included Fred Marcus, Randy Ferris,…

Horwood Marcus & Berk Chartered Named to U.S. News "Best Lawyers - Best Law Firms" - 2019November 6, 2018

We are pleased to announce that HMB earned top recognition in the 2019 edition of  U.S. News - Best Lawyers "Best Law Firms." Additionally, HMB was named a Tier 1 law firm in Chicago for Trusts & Estates. Richard M. Horwood and Jeffrey A. Zaluda were selected by their peers for inclusion in The Best Lawyers in America in the practice area of Trusts…

David Hughes Provides Insight to State Tax Notes on SALT Legal Challenges for Streaming ServicesOctober 22, 2018

An article published by State Tax Notes discusses how streaming services (Cable Services, Amusements and Tangible Personal Property) are often taxed by states and local jurisdictions under existing statutes that predate the technology, a move that has prompted litigation around the country, with mixed results. State and Local Tax attorney, David Hughes, stated that most of the fees and taxes…

Jeffrey Zaluda Presents "How To Survive As An Estate Planner In 2018"October 11, 2018

10/11/18 - 10/12/18 2018 Duke University Estate Planning Conference Duke University Durham, North Carolina Click here for more info and to register. Building and maintaining a financially successful estate planning practice is much harder today. From building a practice to the importance of social media, Jeff will discuss how the estate planning department of a mid-sized firm in a very…

HMB's 16th Annual State and Local Tax Summer Camp - 7/25/18October 10, 2018

A full-day conference presented exclusively to HMB's valued clients and invited guests.  Discover the latest issues, evaluate important updates and gain valuable insight from our seasoned professionals. Click here to request a PDF of the presentation. Agenda   8:00 - 8:30am - Registration & Continental Breakfast 8:30 - 8:45am - Welcome and Introduction 8:45 - 9:45am - Wayfair:  The Court Has Spoken -…

Jordan Goodman Presents "Early Morning Ethics Coffee Talk: Ethical & Professional Challenges Facing SALT Professionals"-COST 49th Meeting-10/25/18October 8, 2018

10/23/18 - 10/26/18 COST - 2018 49th Annual Meeting Arizona Grand Resort and Spa Phoenix, Arizona Rise and shine and enjoy an entertaining, informative hour on the latest ethics developments relevant to state tax professionals. This presentation will serve as your "wake up" for Thursday morning. However, there's much more to this session than getting an hour of Ethics CPE/CLE.…

Jordan Goodman and David Machemer Present "Ethics in the Age of Streeeeeching the Truth"September 20, 2018

9/20/18 - 3:50pm-4:50pm TFI 19th Annual Illinois State & Local Tax Conference The Meridian Conference Center Rolling Meadows, Illinois By attending this session, the participant will be able to take away a deeper understanding of the ethical rules applicable to state and local tax attorney; identify and learn how to implement the best audit and litigation practices for records retention,…

Jordan Goodman Presents 'Wayfair' at the IPT - 2018 Sales Tax SymposiumSeptember 18, 2018

10/1/18 IPT - 2018 Sales Tax Symposium Renaissance Indian Wells Resort Indiana Wells, California This session will provide overview and insight into the Wayfair proceedings from participants and experts on the case. The panel will discuss the background, the decision, and its impact on Quill and nexus. After attending this session, the attendee will: Understand the effects of Wayfair on…

Aaron Werner Presents "The Dealmaker's Perspective: Selling Your Business for Maximum Price, Minimum Risk" at 2018 Mindbody Conference - 9/20/18September 18, 2018

9/18/18 - 9/20/18 2018 MINDBODY BOLD Conference Hilton San Diego Bayfront San Diego, California Aaron Werner will present "The Dealmaker's Perspective: Selling Your Business for Maximum Price, Minimum Risk" at the 2018 MindBody BOLD Conference in September. BOLD Conference's mission is to bring together business owners in the wellness, fitness and beauty industries to share what works in growing a…

Rick Rein Presents "The Cryptocurrency Craze" at the ABI Cross-Border Insolvency ProgramSeptember 7, 2018

The use of cryptocurrencies are becoming more prevalent throughout the world. During the early days of Bitcoin there was a relative absence of regulation or control by governments since there is no central issuing authority. Given the increasing use of cryptocurrencies, as well as the increased hacking of these currencies and bankruptcies of cryptocurrency firms, bankruptcy courts will likely have…

David Hughes Provides Insight on Apple Challenging Chicago Tax on Streaming Services to State Tax NotesAugust 31, 2018

An article published by State Tax Notes discusses the expansion of Chicago's amusement tax to music streaming services. Apple Inc. filed a complaint in an Illinois circuit court saying it is unconstitutional and violates the Internet Tax Freedom Act (ITFA). Apple's complaint was similar to Labell, which is currently pending on appeal, and raised a number of identical arguments. State…

HMB's SALT Team Presents at the 25th Annual Paul J. Hartman State and Local Tax ForumAugust 30, 2018

10/17/18 - 10/19/18 25th Annual Paul J. Hartman State and Local Tax Forum Loews Vanderbilt Hotel Nashville, Tennessee Click here for more information and to register 10/19/18 8:45am-9:45am Pomp vs. Goodman Jordan Goodman Catch up on the latest issues in state and local tax and get your daily dose of laughs as longtime bantamweight champion Professor Richard Pomp battles Jordan…

David Hughes Presents "Beyond Wayfair: Sales Tax Collection in the Internet Age" to the Illinois CPA SocietyAugust 21, 2018

8/21/18 12:00PM - 1:00PM CDT On-Line Newscast On June 21, 2018, the US Supreme Court issued the most important sales tax decision in the last 25 years. Overruling 50 years of precedent, the Court ruled that a remote seller can be required to collect a sales or use tax even if it is not physically present in a state. This…

The Trustee and the Bitcoin: Identifying and Recovering International Cryptocurrency AssetsAugust 7, 2018

Cryptocurrency has been all the rage recently in the financial and legal news. Everyone has or knows someone who owns bitcoin (the most common form of cryptocurrency), but what exactly is cryptocurrency?

John R. Wiktor Presents: Charitable PlanningAugust 7, 2018

8/7/18 - 8/8/18 Momentum Advanced Planning: Family Office Symposium Ritz-Carlton Philadelphia Philadelphia, Pennsylvania Click here for more info and to register. This symposium will provide the opportunity to explore what it takes to succeed in the family office space with fantastic guest speakers who are eager to share their expertise by discussing the myriad of challenges they've helped affluent families…

Horwood Marcus & Berk Represents Chowly in Series A FinancingJuly 30, 2018

Chowly, a bridge between popular restaurant delivery services such as Uber Eats and DoorDash and a restaurant's POS system, closed a $5.8 million Series A funding round to fuel mass market expansion in the US. Read the full press release on Newswire here. HMB's team was led by Jim Jerue, Renee Rossi and Ray Jacobi.…

Horwood Marcus & Berk Represents Clean Chemistry, Inc. in Series B FinancingJuly 24, 2018

Clean Chemistry, Inc., a provider of patented chemical solutions and technology for oilfield water treatment, completed a Series B financing with Black Bay Energy Capital. The financial terms of the investment are not disclosed. Read the full press release on Business Wire here. HMB's team was led by Jim Jerue, Aaron Werner and Josh Haberkorn.…

Jordan Goodman Presents "Illinois Landmark Unclaimed Property Law Requires Businesses in and out of State to Take Action" with BDO USA - 7/23/18July 23, 2018

7/23/18 - 2pm-3:30pm EST HMB and BDO USA Complimentary Webinar 1.5 CPE Credits in Tax 1.5 CLE Credits in Tax (Illinois Residents) Click here for more info and to register. Jordan Goodman teams up with BDO USA's SALT practice to offer a webinar discussing recent changes to Illinois unclaimed property law. With tax reform and Wayfair in the mainstream, new…

Jordan Goodman and David A. Hughes Present "Nexus in 2018 and Beyond: The New Frontier"July 11, 2018

David A. Hughes and Jordan Goodman will lead this discussion on the new nexus standards around the country and the impact the Wayfair decision has not only on use tax collection but other state taxes as well.…

Tangible Personal or Real Property? An Illinois Sales Tax QuandryJuly 11, 2018

While distinguishing between tangible personal property and real property is necessary in several contexts, it is not always a simple determination to make, particularly from a tax perspective.

David Ruskin Quoted in Bloomberg BNA - "Illinois Has New Courtroom Rules for Tax Whistleblowers"July 10, 2018

Article by Michael J. Bologna The Cook County Circuit Court will randomly assign judges in all future actions under the Illinois False Claims Act, a development with implications for the adjudication of tax whistleblower cases in Illinois. Under Judge James Flannery's order, new cases under the FCA "shall be randomly assigned at the time of filing to one of the…

Takeaways from Wayfair - By HMB's SALT TeamJuly 9, 2018

Everyone is by now likely familiar with the recent Wayfair decision and its central holding. Prior to Wayfair, businesses had some degree of comfort that they would not be required to collect and remit sales or use taxes to states in which those businesses did not have physical presence. Now that the physical presence test is gone, state legislation must be reviewed on a case-by-case basis to determine whether it will survive Commerce Clause scrutiny.

HMB's SALT Team Presents at 2018 IPT Sales Tax SymposiumJuly 9, 2018

9/30/18 - 10/3/18 2018 IPT Sales Tax Symposium Renaissance Indian Wells Resort Indian Wells, California IPT's Sales Tax Symposium is your opportunity to take a deep dive into the topics that are top of mind for sales and use tax professionals, delivered by professionals who will provide you with best practices, alternate strategies and ways to demonstrate the value of…

HMB's SALT team Presents at 2018 Southwest/West Regional State Tax SeminarJuly 9, 2018

8/8/18 2018 Southwest/West Regional State Tax Seminar Occidental Petroleum Corporation offices Tulsa, Oklahoma Partnership Audit Regulations: The Great Unknown Jordan Goodman The federal government has completely changed the way it is going to audit partnerships, beginning with the partnership itself. These new rules will have profound impact at the state level. This discussion will look at the potential issues and…

David Machemer and Samantha Breslow Present "Managing Exemptions and Resale Certificates" on Lorman - 7/13/18July 9, 2018

7/13/18 1:00pm-2:40pm EST Lorman Education Services Webinar Click here for more info and to register. Determining eligibility for sales tax exemptions and navigating the application process can prove to be difficult for taxpayers who do business in multiple states and jurisdictions. This live webinar will help attendees understand the difference between an item that is excluded from sales tax versus…

Jordan Goodman Joins Legal Face-Off on WGN Radio to Discuss how the Wayfair Decision Opens the Door for Taxing Internet Sales TaxJuly 6, 2018

Jordan Goodman was interviewed by Chicago's top legal radio show, Legal Face-Off on WGN Radio. Jordan discussed the Wayfair decision's impact on sales tax and how it opens the door for internet sales to be taxed. Listen to the recording on WGN Radio.…

Jordan Goodman Awarded 'Instructor of the Year Award for State Income Tax' from the Institute for Professionals in TaxationJune 28, 2018

" Jordan Goodman Awarded ""Instructor of the Year Award for State Income Tax"" from the Institute for Professionals in Taxation - 6/26/18 Jordan Goodman was awarded the Institute for Professionals in Taxation's (IPT) Instructor of the Year Award for State Income Tax at the 2018 IPT Annual Conference on 6/26/18. This award is in recognition of his significant contribution to…

David Hughes Presents "Outrageous Cases" at The Chicago Tax Club Summer Seminar - 6/28/18June 27, 2018

6/28/18 Saddle & Cycle Club Chicago, Illinois Click here for more info and to register.   Outrageous Cases 8:00 AM to 9:15 AM A review of recent state indirect and operational tax cases that defy logic, or at least that defy logic more than usual. Whether it is cases upholding tax on streaming services, free meals or bobbleheads (yes, even…

Aaron Werner admitted as Partner in Social Venture Partners - ChicagoJune 12, 2018

Aaron Werner was admitted as a Partner in Social Venture Partners Chicago. SVP Chicago invests time, expertise and money in innovative nonprofits that have the potential to make meaningful and sustainable improvements within the Chicagoland community. SVP Chicago brings together a community of engaged philanthropists who want to do more than provide financial support to charitable causes. It is a vehicle…

David Hughes Teaches "Basics of Sales and Use Tax Live Course 2018" for the Sales Tax Institute - 06/21/18June 4, 2018

06/20/18 - 6/22/18 Basics of Sales and Use Tax Live Course 2018 Knickerbocker Hotel Chicago, Illinois 23 CPE Credits Offered Click here for more info and to register. Move from handling sales tax with nerve wracking, frustrating guesswork to shining as a go-to expert in your department. Basics of Sales and Use Tax is an interactive live training course designed…

Joshua Haberkorn Participates in the 2018 Startup Showcase (District 214) at Forest View Educational Center 5/14/18June 4, 2018

5/14/18 2018 Startup Showcase (District 214) Forest View Educational Center Arlington Heights, Illinois Josh Haberkorn participated as a judge in High School District 214's Startup Showcase, which gives students from six high schools the opportunity to pitch their business ventures following a year's worth of critical thinking, collaboration and innovation in the District's entrepreneurship program.…

Brian Axelrad Participates in the "State of Innovation in East Africa Discussion and Workshop" hosted by the Global Innovation Exchange - 5/17/18June 1, 2018

Brian Axelrad and his team from Beyond Capital Fund participated in a discussion focused on innovation in East Africa hosted by the Global Innovation Exchange. Other participants were from Kenya Climate Innovation Center, Unreasonable East Africa, NetBizImpact, Innovations in Healthcare, VentureLift Africa, Moringa School and ANDE East Africa.…

Jordan Goodman discusses South Dakota v. Wayfair with Sales Tax InstituteMay 30, 2018

Article by: Diane Yetter Read full article published by Sales Tax Institute on 5/18/18. The  South Dakota v. Wayfair court case has been dominating news cycles lately and in a very short time, much has happened. On April 17th, the US Supreme Court heard oral arguments and this article gets different perspectives on the outcome from five experts on sales…

David Ruskin Quoted in Bloomberg BNA - "'King of Qui Tam' Runs Into Appeals Court Buzzsaw"May 30, 2018

Article by: Michael J. Bologna Read the full article published by BNA Daily Tax Reports on 5/21/18 for its subscribers. A prolific tax whistleblower, Stephen B. Diamond known as the "king of qui tam," is finding it harder to make a living after his pattern of litigation under the Illinois False Claims Act hit a dry spell and a state…

Jordan Goodman Presents "Situs: Who Can Tax the Transaction"May 22, 2018

One significant area of confusion for both sellers and purchasers is making sure the tax is collected and remitted to the correct taxing jurisdiction. This session will cover the similarities and differences on how the states situs a sale (including subsequent uses) for sales and use tax purposes.…

Challenges in Discovering Perpetrators of International Cryptocurrency FraudsMay 14, 2018

The use of cryptocurrencies is increasing at a staggering pace. As cryptocurrency use becomes mainstream, its use as a form of payment and storage as an asset will increase across industries and among companies and individuals.

Brian Axelrad Making an Impact with Students at Chicago Booth School of BusinessMay 9, 2018

As the Impact Investor in Residence through the Rustandy Center for Social Service Innovation at the Chicago Booth School of Business, Brian Axelrad works with, counsels and mentors students focused on impact investment and careers in the field. As part of these efforts, Brian coached teams of Booth MBA students who participated in two international, multi-business school competitions: the "Invest…

Horwood Marcus & Berk Chartered Retained as Counsel to Official Committee of Unsecured Creditors of Zero Energy Systems, LLCMay 7, 2018

PRESS RELEASE Contact: Jason Klika Horwood Marcus & Berk Chartered 312.281.1102 CHICAGO, IL (May 7, 2018) -  The Official Committee of Unsecured Creditors of Zero Energy Systems, LLC selected Horwood Marcus & Berk Chartered (""HMB"") as its legal counsel, with the U.S. Bankruptcy Court for the Southern District of Iowa approving HMB's retention on May 2, 2018.  Zero Energy Systems…

Jordan Goodman & David Hughes Present with BDO: "IL: Landmark Unclaimed Property Law Requires Businesses In & Out of State to Take Action"-5/22/18May 7, 2018

5/22/18 1:00 - 2:30 PM CST 1.5 hours of IL CLE credit offered 1.5 hours of CPE credit in the field of tax offered Click here for more information and to register With a multi-billion dollar pension crisis on hand, Illinois seeks to use unclaimed property to be a funder to pension obligations. Accordingly, IL has stepped out as one…

David Hughes Presents "Gross Receipts Tax for Consumer Vehicle Lessors" at the Association of Consumer Vehicle Lessors (ACVL) - 04/30 - 05/01/18May 1, 2018

04/30 - 05/01/18 Association of Consumer Vehicle Lessors (ACVL) Dallas/Plano Marriott at Legacy Town Center Plano, Texas David Hughes will be discussing some of the unique gross receipts tax issues faced by consumer vehicle lessors at the Association of Consumer Vehicle Lessors (ACVL) in Plano, Texas.…

David Hughes Provides His Opinion on qui tam Suit Against Best Buy Stores LP to State Tax NotesMay 1, 2018

An article published by State Tax Notes discusses the Illinois Appeals Court Ruling a DOR audit does not bar a qui tam suit against Best Buy Stores LP. State and Local Tax Attorney, David Hughes, stated, "This is a frustrating and unfortunate decision for both [IFCA] defendants and the Department of Revenue." He went on to say, "For defendants, the decision…

Brian Axelrad discusses "The Role of Social Impact in Africa's Development" at Chicago Booth School of Business Emerging Markets Summit - 4/14/18April 30, 2018

4/14/18 Emerging Markets Summit Chicago Booth School of Business Brian Axelrad participated in a panel at the "Emerging Markets Summit" at the Chicago Booth School of Business. This discussion focused on "The Role of Social Impact in Africa's Development" where attendees learned about the investing landscape and the future of social impact programs in Africa. The panel consisted of: Brian…

Jordan Goodman Presents "A Closer Look at Qui Tam 'Whistleblower' and Class Action" at TEI Rochester Chapter - 5/1/18April 27, 2018

5/1/18 Tax Executives Institute, Inc. -  Rochester Chapter Double Tree by Hilton Hotel Rochester Rochester, New York Click here for more info and to register Jordan Goodman will discuss qui tam lawsuits, class action lawsuits and how your organization may be at risk.…

Jordan Goodman presents "All States Update" at the Tax Executives Institute, Inc. Dallas/Fort Worth Tax SchoolApril 25, 2018

4/25/18 Tax Executives Institute, Inc. Dallas/Fort Worth Tax School Cityplace Conference Center Dallas, Texas Jordan Goodman will discuss how to identify major developments in today's state and local tax world and spot trends to anticipate potential problems and find potential solutions as well as recognize positions that taxpayers and states are currently taking and issues affecting positions multi-state taxpayers may…

Jordan Goodman Presents "Multistate Tax Update" at the Dallas and Fort Worth Chapter of Tax Executives Institute - 4/25/18April 25, 2018

4/25/18 Dallas and Fort Worth Chapter of Tax Executives Institute Dallas, Texas Click here for more info about TEI Jordan Goodman will discuss current State and Local Tax developments and polices. Click here to request a copy of this presentation.…

Jeffrey Hechtman & Aaron Werner Present to the Good Food Accelerator at 1871 in Chicago, Illinois - 4/16/2018April 23, 2018

4/16/18 Good Food Accelerator Chicago, Illinois Jeffrey Hechtman and Aaron Werner presented "Exit Strategies for Privately Held Businesses" at the Good Food Accelerator on April 16, 2018. The presentation covered various topics that business owners should consider prior to marketing and selling their business, in addition to various strategies and approaches to structuring a sale transaction that is beneficial to…

Jordan Goodman Presents "Positioning for More Favorable Outcomes: Income and Franchise Tax Controversies" at 2018 National Multistate Tax SymposiumApril 19, 2018

2/8/18 The 2018 National Multistate Tax Symposium Disney's Grand Floridian Resort & Spa Orlando, Florida Presented by The National Multistate Tax Symposium This session will address how businesses may tactically position and manage their daily corporate operations in preparation for imminent state income tax audits and controversies to help avoid unnecessary costs, disruptions, and expensive litigation, as well as increase…

Jordan Goodman Presents "Multi-State Tax Update" at the 2018 MEGA CPE Conference - 6/14/18April 19, 2018

6/13/18 - 6/16/18 The 2018 MEGA CPE Conference Disney's Contemporary Resort Orlando, Florida Presented by Florida Institute of CPAs This presentation will get the audience up to date on recent state and local tax cases and statutory changes that will affect their client's business. The discussion will cover such topics as when a state can impose its taxing jurisdiction on…

Jordan Goodman Presents "Changing With the Times Without Changing Who You Are" at the 2018 IPT Annual Conference - 6/26/18April 19, 2018

6/24/18 - 6/27/18 2018 IPT Annual Conference JW Marriott Parq Vancover Hotel Vancouver, British Columbia, Canada Presented by Institute for Professionals in Taxation Your company's (or client's) goals change all the time. Last year, the focus was on the ETR.  This year, its free cash flow.  Next year, above-the-line savings. Then the focus shifts to headcount. Then to risk management. In this session, we…

Fred Marcus, David Hughes and David Machemer Present "Fundamentals of State Taxation" at the TEI 4th Annual Spring Seminar - 4/24/18April 17, 2018

4/24/18 TEI 4th Annual Spring Seminar Scott Conference Center Omaha, Nebraska Presented by The Tax Executives Institute (Nebraska Chapter) Click here for more info and to register. Fundamentals of State Taxation is a full day seminar designed to provide basic state and local tax knowledge for tax professionals. This seminar covers a wide variety of state and local tax topics…

HMB Welcomes John W. Guzzardo And Continues To Expand Its Bankruptcy, Reorganization & Creditors' Rights PracticeApril 5, 2018

CHICAGO, IL (April 5, 2018) - Horwood Marcus & Berk Chartered ("HMB"), a preeminent provider of legal services in business and finance, litigation, trusts and estates, real estate, state and local taxes and bankruptcy, reorganization and creditors' rights announced that attorney John W. Guzzardo joined the firm as a partner in it's growing bankruptcy, reorganization and creditors' rights practice. John represents…

Aaron Werner Presents to the Next Series Club in Chicago, Illinois - 3/28/18April 5, 2018

3/28/18 Next Series Club Chicago, Illinois Aaron Werner (HMB), Kathleen Swan (Locke Lorde) and Heather Harper (Start Up Legal Shop) participated on a panel discussion hosted by the Next Series Club in Chicago, Illinois. The Next Series Club is private group of financial and operational professionals leading Chicago's fast-growth companies. Members of the group meet and share knowledge with the…

Jordan Goodman Presents "State Exemptions and Deductions" at the 2018 UPPO Annual Conference - 3/5/18April 4, 2018

2018 UPPO Annual Conference - Tampa Marriott Waterside, Tampa, FL - 3/5/18 HMBs Jordan Goodman will present at the 2018 UPPO Annual Conference on 3/5/18. He will discuss state-specific reporting exemptions, including business-to-business (B2B) transactions and allowable deductions.…

"A Closer Look at Qui Tam 'Whistleblower' and Class Action"April 4, 2018

HMB's Jordan Goodman presented at the 2018 COST Sales Tax Conference & Audit Session held in New Orleans, LA from 2/26/18 - 3/1/18. He discussed taking a closer look at qui tam "whistleblower" and class action lawsuits and how your organization may be at risk.…

Jordan Goodman Provides Insight on the Quill and Wayfair cases to State Tax NotesApril 3, 2018

An article published by State Tax Notes covers a panel discussion regarding whether or not the U.S. solicitor general is correct that Quill Corp. v. North Dakota should be applied only to traditional mail-order retailers. University of Connecticut law professor Richard Pomp applauded the solicitor general's amicus brief in South Dakota v. Wayfair Inc., in which the solicitor argued that…

Fred Marcus, Jordan Goodman & Marilyn Wethekam authored Bloomberg Tax Management Portfolio-"Sales & Use Taxes: The Machinery and Equipment Exemption"April 3, 2018

State and Local Tax Attorneys Fred Marcus, Jordan Goodman and Marilyn Wethekam recently authored "Sales and Use Taxes: The Machinery and Equipment Exemption" for Bloomberg BNA's Tax Management Portfolios, 1330 3rd edition. This portfolio discusses sales and use tax incentives for machinery and equipment used in manufacturing operations. HMB offers a limited number of hard copies for clients. Click here to…

Keith Berk Named 2017 Distinguished President of The Year by Board Room MagazineMarch 23, 2018

Congratulations to Keith Berk who was named the 2017 Distinguished President of The Year by Board Room Magazine. For 22 years, Board Room Magazine has been the official publication for the Association of Private Club Directors and this year, Keith Berk was recognized for providing Northmoor Country Club with exceptional, responsible and transparent leadership.…

Horwood Marcus & Berk Announced As Winner Of The 12th Annual Turnaround AwardsMarch 19, 2018

CHICAGO, IL (March 16, 2018) - The M&A Advisor announced the winners of the 12th Annual Turnaround Awards on Thursday, December 21st.  Horwood Marcus & Berk Chartered ("HMB") was named a winner of the Section 363 Transaction of the Year ($10MM - $25MM) for Aaron L. Hammer's representation of Central Iowa Healthcare ("CIH") in its successful chapter 11 sale before…

HMB's SALT Team Presents at 2018 ABA/IPT Advanced Tax SeminarsMarch 18, 2018

3/19/18 2:00-2:50 PM The Insider's Guide to New Tax Dispute Resolution Forums David Hughes Many states recently revamped their tax dispute forum systems, often for the better. This panel will compare and contrast the systems of three states: Illinois, Georgia and the new California Office of Tax Appeals. Click here to request a copy of this presentation. 3/20/18 11:00-11:50 AM…

HMB Article Cited in MN Supreme Court Qui Tam CaseMarch 8, 2018

By: Fred O. Marcus, Jordan M. Goodman and Christopher T. Lutz In 2013, Fred O. Marcus, Jordan M. Goodman and Christopher T. Lutz wrote an article urging states to reject the applications of False Claims Acts to state and local taxes. The article was published in the Journal of Multistate Taxation and Incentives, Thomson Reuters/WG&L. Volume 22, Number 9. January…

HMB's David Ruskin Quoted in Bloomberg BNA - "Tailors Object to Litigation by Notorious Illinois Whistleblower"March 7, 2018

Article by: Michael J. Bologna Read more from BNA Daily Tax Report. A group of custom tailoring companies hopes to dismiss 17 lawsuits filed by a prolific tax whistleblower who alleges the defendants engaged in frauds designed to avoid sales and use tax obligations payable to Illinois. The defendant tailors Feb. 28 filed motions in Cook County Circuit Court to…

HMB Welcomes Aaron L. Hammer and Expands its Bankruptcy, Reorganization & Creditors' Rights PracticeMarch 6, 2018

PRESS RELEASE Contact: Jason Klika Horwood Marcus & Berk Chartered 312.281.1102 CHICAGO, IL (March 6, 2018) - Horwood Marcus & Berk Chartered ("HMB"), a preeminent provider of legal services in business and finance, litigation, trusts and estates, real estate and state and local taxes, announced that accomplished corporate reorganization, bankruptcy and creditor's rights attorney Aaron L. Hammer joined the firm…

Federal Tax Law Impact on Illinois Tax Revenue March 2018March 1, 2018

On December 22, 2017, Public Law 115-97, the Tax Cuts and Jobs Act (the Act) was signed into law.  This Act will impact Illinois' income tax base and therefore the state's income tax revenue. The Department has analyzed the Act based on current Illinois law, federal law, and Internal Revenue Service (IRS) rulings and interpretations and issued an "Explanation of the…

David Hughes Presents at the 2018 ABA/IPT Advanced State Income, Sales/Use & Property Tax SeminarFebruary 19, 2018

3/19/18 - 3/21/18 2018 ABA/IPT Advanced State Income, Sales/Use & Property Tax Seminar The Ritz Carlton New Orleans, LA Click here for more info and to register The Insider's Guide to New Tax Dispute Resolution Forums - 3/19/18 Many states have recently revamped their tax dispute forum systems, often for the better. This panel will compare and contrast the system…

HMB's David S. Ruskin Quoted in BNA Notorious Whistleblower ArticleJanuary 30, 2018

"Notorious Whistleblower Takes Custom Tailors to Court" Excerpt From BNA Daily Tax Report: State, January 30, 2018 By: Michael J. Bologna "An Illinois court has unsealed another 23 lawsuits filed by a veteran whistleblower who is targeting dozens of foreign and domestic bespoke tailors for alleged tax frauds under the Illinois False Claims Act... David S. Ruskin, a partner in the Chicago office…

Congratulations to HMB's Honored Lawyers of 2018January 25, 2018

2018 Illinois Super Lawyers John W. Guzzardo Richard M. Horwood Fred O. Marcus Jeffrey A. Zaluda Super Lawyers is a rating service of outstanding lawyers from more than 70 practice areas who have attained a high-degree of peer recognition and professional achievement. The selection process is multi-phased and includes independent research, peer nominations and peer evaluations. Law Bulletin Publishing Company's…

David Machemer and Samantha Breslow to Present Live Webinar: "Managing Exemptions and Resale Certificates"January 23, 2018

Click here for more information Determining eligibility for sales tax exemptions and navigating the application process can prove to be difficult for taxpayers who do business in multiple states and jurisdictions. Join David and Sam on a live webinar hosted by Lorman Education Services. Attendees will be able to: Define an 'exclusion' versus an 'exemption' for sales tax purposes Explain…

Horwood Marcus & Berk Chartered Elevates Two Associate Attorneys to PartnerJanuary 17, 2018

PRESS RELEASE Contact: Jason Klika Horwood Marcus & Berk Chartered 312.281.1102 CHICAGO, IL (January 17, 2018) - Horwood Marcus & Berk Chartered, a preeminent provider of legal services in business and finance, litigation, trusts and estates, real estate and state and local taxes, announced that two associate attorneys were elevated to partner. Brett M. Winterstein. Brett is a member of…

To Deduct or Not Deduct - The Illinois Personal Service Income ConundrumJanuary 17, 2018

The Illinois replacement tax allows an LLC or partnership to deduct from its base income ''personal service income'' or a reasonable allowance for compensation paid or accrued for services rendered by the partners.

David Hughes Presents "Multistate Income Tax Apportionment: Trends, Traps and Tips" at the IL CPA Society - 1/17/18January 4, 2018

1/17/18 8:15 AM - 4:20 PM CST IL CPA Society 550 W. Jackson Blvd., Suite 900 Chicago, IL Click here for more info and to register. Apportionment rules are constantly changing.  From one factor to three factor formulas.  From sourcing based on location of service to sourcing based on location of customer. Review the current state of apportionment rules with…

HMB Named to U.S. News "Best Lawyers & Best Law Firms" - 2018December 8, 2017

We are pleased to announce that HMB earned top recognition in the 2018 edition of  U.S. News - Best Lawyers? "Best Law Firms." Additionally, HMB was named a Tier 1 law firm in Chicago for Trusts & Estates. Richard M. Horwood and Jeffrey A. Zaluda were selected by their peers for inclusion in The Best Lawyers in America in the practice area of Trusts…

2017 Year-End Tax Letter: Anticipating ChangeDecember 6, 2017

Congress appears poised to enact a major tax reform that could potentially make fundamental changes in the way you and your family calculate your federal income tax bill, and the amount of federal tax you will pay. This letter is designed to help you evaluate the changes that Congress is working on right now, and how those changes may impact your personal tax situation for 2017 and future years.

Fred Marcus Presents "Today in Taxes" at the 2017 Annual NYU Institute on State and Local Taxation - 12/4/17December 4, 2017

Grand Hyatt New York New York, NY 12/4/17 - 12/5/17 Get ready for a jam-packed show! It's hard to cover the ever changing state and local tax landscape, but an all-star team of "special reporters" provides a rundown of what you need to know about the most important SALT developments affecting taxpayers today. Included in this year's "Hardball" segment is…

Jordan Goodman Presents "Ethical Challenges for State Tax Professionals in an Era of Transparency"-2017 Annual NYU Institute State & Local TaxationDecember 4, 2017

12/4/17 - 12/5/17 Grand Hyatt New York New York, NY The panel tests the audience to determine who possesses the best working knowledge of the ethical rules (or are just good guessers). Taking the form of a game show, this ethics test examines everyday occurrences in the state tax world and applies the different ethical standards. The session covers the…

Jordan Goodman Quoted in CBS News "Amazon Sales Taxes: South Carolina Says Pay Up"November 17, 2017

Below is an excerpt of the article written by Jonathan Berr and published on 11/17/17. Click here to read the full article.  A high-stakes legal battle is heating up over whether Amazon is shirking its legal obligations to collect sale taxes on merchandise sold by independent sellers on its site. Sellers and their allies say Amazon is far better equipped to…

Jordan Goodman Presents "Fortifying The Tax Base: The Trend Away From Traditional Income and Sales Tax" to TEI Philadelphia ChapterNovember 17, 2017

11/29/17 Penn State Great Valley Malvern, PA Click here for more info and to register Jordan will discuss the erosion of the traditional tax base and the creation of new, different and more fun taxes being imposed by the states and local governments. He will examine the types of revenue generation being utilized and some of the new and non-traditional…

David Hughes Presents "The Local Tax Morass: Compliance & Controversy" at The Chicago Tax Club Annual Fall Seminar - 11/2/17November 2, 2017

11/2/17 Donald E. Stephens Convention Center Rosemont, IL Click here for more info and to register  Cities, counties and other local municipalities in search of additional revenue are aggressively imposing taxes in ways not typically seen. Many of these jurisdictions have outdated and imprecise laws and regulations, little or no guidance and often no administrative hearing process, forcing taxpayers into…

Rick Rein Presents "How to Position Yourself to Recover Claims Outside the US"November 1, 2017

Dassault Systemes Franklin Room 175 Wyman Street Waltham, MA 02451 8:00-10:00 AM EST Click here to register Because international commerce and cross-border financing has become commonplace, US companies have been forced to face the realities that they will have to resort to legal procedures to collect debts owed by foreign business partners. However, trying to pursue an offshore enterprise presents…

Look Before You Leap: Demystifying Cross-Border RecoveriesOctober 29, 2017

Rick Rein Contributed to an article discussing Local jurisdictions and establishing a plan of action for achieving an international recovery of an asset.

David Hughes Presents "Wheel of (Mis) Fortune - C&I Ethical Dilemmas for IPT Members" - 10/25/17October 25, 2017

10/25/17 The Palmer House Hilton Chicago, IL When it comes to building an internal incentives team, there are many departments within an organization that have input into the decision process.  In this session, speakers will discuss proven methods and strategies on how to build an internal incentives team.  The topic will include developing the workplan, measurement and reporting incentive outcomes…

David Hughes Presents "From Local Taxes to Apportionment & Everything in Between: Hot Topics in State & Local Tax"-AGN 2017 SALT Conference-10/23/17October 23, 2017

10/23/17 Double Tree by Hilton Nashville - Downtown The world of state and local tax is growing increasingly complex for multistate taxpayers. Issues concerning nexus, sourcing, credits, services, flow-throughs, combined reporting, exemptions and the tax base present new challenges every day. This session will explore current developments in state and local tax, including a deep dive into local taxes and…

Richard Horwood Quoted in Bloomberg BNAOctober 16, 2017

Below is an excerpt from the original post by Allyson Versprille. Permanent estate tax repeal would allow private art collectors to hold onto their artwork longer, giving them more time to reap its full value, attorneys told Bloomberg BNA. Today, some private collectors may choose to bequeath their art to charities, museums, or universities at death because they can get an…

HMB SALT Team at 24th Annual Paul J. Hartman State and Local Tax ForumSeptember 29, 2017

11/6/17 - 11/8/17 Loews Vanderbilt Hotel Nashville, TN Click here for more info and to register. Jordan Goodman Pomp vs. Goodman Be informed and entertained as perennial champion Professor Richard Pomp takes on the underdog Jordan M. Goodman in a title match for the championship of SALT Nerdom. The never ending battle of good versus evil will feature discussions of…

Fred Marcus in "Ask the Experts" Panel Session at Taxpayers' Federation for Illinois - Annual State and Local Tax ConferenceSeptember 26, 2017

9/26/17 8:00 AM - 4:50 PM Meridian Conference Center 1701 W. Algonquin Road Rolling Meadows, Illinois 6 MCLE/CPE Credits Click here for more info and to register. This year's conference will focus on technical tax and policy developments in Illinois, plus provide updates to changes occurring in other states. The speakers for the State and Local Tax Conference are some…

HMB SALT Team at IPT Sales Tax SymposiumSeptember 17, 2017

9/17/17 - 9/20/17 La Cantera Hill Country Resort 16641 La Cantera Pkwy, San Antonio, TX 9/18/17 - 8:30-10:00 AM Jordan Goodman The Year in Review A review of trends that have emerged in the last 12 months including a discussion of recent court decisions and pending cases and their impact. Click here to request a copy of this presentation. 9/18/17…

David Hughes named Adjunct Professor at the LLM Tax Program at Northwestern University Pritzker School of LawSeptember 14, 2017

After its establishment in 2002, the Tax Program at Northwestern Pritzker School of Law has been recognized as a leader in the field, ranking fourth in U.S. News and World Report since 2005. Their comprehensive curriculum, outstanding faculty, and small, collaborative community provides students with a solid understanding of the complexities of tax law and specialized skills needed to practice federal, state,…

Aaron D. Werner will present "Smart Growth Solutions: Structuring, Growing and Selling Your Business" at the 2017 MINDBODY Software ConferenceSeptember 11, 2017

Aaron D. Werner will present "Smart Growth Solutions: Structuring, Growing and Selling Your Business" at the 2017 MINDBODY Software Conference in San Diego, California on 9/29/17. MindBody, Inc. is the leader in business management software making marketing and management easy for business owners. This session is for business owners who want to grow from a few locations to a national…

Jordan Goodman Presents "Survivor Ethics: How Well Do You Know The Ethical Rules?"-Medtronic Global Corporate Tax Team MeetingAugust 22, 2017

8/22/17 Global Corporate Tax Staff Meeting - Medtronic Corporate Tax Le 1k/Rome/Paris/Athens/Sydney By attending this session, the participant will be able to take away a deeper understanding of the ethical rules applicable to state and local tax attorney; identify and learn how to implement the best audit and litigation practices for records retention, filing strategies, and electronic records; and focus…

HMB SALT Team Represents IRMA in Cook County "Soda Tax" LawsuitAugust 15, 2017

On 6/27/17, the Illinois Retail Merchants Association, on behalf of Cook County retailers, filed a temporary restraining order and is seeking a preliminary injunction in the Cook County Circuit Court challenging the sweetened beverage tax saying it violates the uniformity clause of the Illinois Constitution and is impermissibly vague. Below are select news articles following the case. 8/15/17 - "Law…

Debate Over Nexus for For Sales/Use Taxes - Are We Headed Towards a New Frontier?August 8, 2017

8/8/17 1:00 - 2:30 PM CST At the end of this Webinar, participants will: Appreciate the numerous ways states are trying to tax out-of-state sellers Be aware of the "single state" attack on Quill and potential ramifications associated with its demise Understand the constitutional hurdles that a state must overcome to reverse Quill…

Samantha Breslow & Justin Stone present “Debate Over Nexus For Sales/Use Taxes: Are We Headed Towards a New Frontier?”-AGN International-8/8/17July 31, 2017

Live Webinar At the end of this Webinar, participants will: Appreciate the numerous ways states are trying to tax out-of-state sellers Be aware of the "single state" attack on Quill and potential ramifications associated with its demise Understand the constitutional hurdles that a state must overcome to reverse Quill…

David Hughes Presents "Local Taxes: Compliance, Audits and Strategy" at Baker Tilly's July SALT SummitJuly 27, 2017

Local taxing jurisdictions - from big cities to small municipalities to counties - are becoming noticeably more aggressive in their efforts to raise revenue.  These efforts can take the form of new taxes, questionable interpretations of existing taxes, or aggressive audit positions.  Taxpayers need to be aware of the limits imposed on local taxing jurisdictions in order to defend themselves…

Jordan Goodman Presents "From Here to There - A National SALT Update" at the Texas State Taxation Conference WebcastJuly 24, 2017

8/7/17 8:00 AM - 3:55 PM Click here for more info and to register. CPE Hours:  8 based on actual attendance. MCLE Hours: 6.5 based on actual attendance. Join Jordan from the comfort of your office as he discusses: Recent SALT decisions affecting taxpayers today Practical applications and how to best approach each state Colorado reporting provisions Various state approaches for…

Telecoms Face Tough Tax Questions Surrounding Realty Versus Personality ClassificationsJuly 21, 2017

David's article explores the ramifications of treating something as tangible personal or real property for sales/use and property tax purposes, specific to the telecommunication industry.

15th Annual State & Local Tax Summer CampJuly 19, 2017

Join us for our 15th Annual HMB Summer Camp!  A full-day conference presented exclusively to HMB's valued clients and invited guests.  Discover the latest issues, evaluate important updates and gain valuable insight from our seasoned professionals. Click here to request a PDF of the presentation. Agenda 8:00 - 8:30am - Registration & Continental Breakfast 8:30 - 8:45am - Welcome and…

David Hughes Presents "Jurisdiction to Tax: Constitutional and Federal Constraints" at NYU Summer Institute in Taxation - 7/17/17July 17, 2017

In this three hour session, David will cover everything you need to know about nexus, including recent developments in economic nexus, agency nexus and "anti-Quill" legislative and judicial activity.  The session will explore the limits on a state's authority to tax under state, federal and constitutional law with a particular emphasis on sales/use tax and income tax nexus.…

David Hughes Presents "M&A for Sales and Use Tax - A Race to the Finish Line" at the 2017 IPT Annual Conference - 7/11/17July 11, 2017

After attending the session, attendees will be able to: Differentiate among the different state sales and use tax rules that apply to different types of business acquisition transactions as well as the applicability of important exemptions from sales tax that can be used to limit potential exposure More effectively communicate potential exposure to organization leaders and decision makers regarding sales…

Jordan M. Goodman is Presenting at the Advanced State & Local Tax Institute - Georgetown Law CLEJuly 7, 2017

10 Reasons Why You Should Attend Delve into how changes to the federal tax regime may affect state tax regimes Explore the impact of federal tax changes on business state tax planning Watch a lively debate on retroactivity between advocates before state tax court judges Hear perspectives from three state tax administrators on key issues their states are facing Network…

Jordan Goodman Presents "Survivor Ethics: How Well Do You Know the Ethical Rules?" at the Advanced State & Local Tax Institute - Georgetown Law CLEJune 30, 2017

By attending this session, participants will: Have a deeper understanding of he ethical rules applicable to state and local tax attorneys Identify and learn how to implement best audit and litigation practices for records retention, filing strategies, and electronic records Focus on the implications of ABA Model Rules of Professional Conduct. Click here to contact Jordan Goodman about this presentation.…

Jordan Goodman Presents "Big Easy Income Tax Brawl" at the 2017 Southeastern Association of Tax Administrators Annual ConferenceJune 28, 2017

This never-ending battle of good versus evil in SALTdom will feature discussions of cases and evolving trends in the SALT world. By attending this session, the participant will be able to: Identify major developments in today's SALT world and spot trends Recognize positions that taxpayers and states are currently taking Recall the most important recent SALT cases Analyze key decisions…

Jordan Goodman Presents "Veering Off Course: Issues Unique to the Financial Industry" at the 41st Annual IPT ConferenceJune 27, 2017

7/9/17-7/12/17 2017 IPT Annual Conference Charlotte, North Carolina Jordan will zero in on the nexus, sourcing and tax base issues specifically associated with financial institutions and their affiliate businesses. After attending, the attendee will be able to: Explain nexus rules as they apply to Financial Institutions Determine sourcing of interest and other income from intangibles is subject to the same…

Key Issues for Collectors: Buyer BewareJune 5, 2017

Recent cases have brought to the forefront issues regarding the risks of purchasing art.

30 Things I've Learned After 30 Years as an Estate PlannerMay 29, 2017

The ABA published this article in one of their journals and it expresses my views of what makes a satisfying client relationship, as well as a satisfying relationship with partners, referral sources, and the legal practice generally.

David Hughes presenting "SALT Property Classification Issues for Telecoms" at Telestrategies Communications Taxation 2017May 11, 2017

David's presentation will focus on the distinction between real property and tangible personal property for purposes of taxing telecommunication companies. Telestrategies is the leading tax conference for telecommunication service providers. Click here to contact David and request a copy of the presentation. Why you should attend: Whether you are new to communications taxes and fees, or an industry veteran, the…

SALT Attorney David Hughes Presenting at ABA Section of Taxation, Washington, D.C.May 10, 2017

This ABA Section of Taxation meeting brings together the nation's leading tax practitioners to discuss current issues, topics and legislation. This three-day meeting will give you the resources and information you need on the latest developments, strategies and techniques to represent and meet the needs of your clients and take your practice to the next level. Attendees, speakers and guests…

Collectors in Conversation: Charles Mottier with Richard M. HorwoodMay 4, 2017

Asian Art Council, Art Institute of Chicago, May 4, 2017 Mr. Horwood is a partner in the Trusts and Estates Group of Horwood Marcus & Berk Chartered and advises collectors regarding key issues such as authentication; provenance; collection management; tax matters; disposition and charitable, museum, and family gifting. Mr. Mottier is a collector who, over the course of three decades,…

Collectors in Conversation: Charles Mottier and Richard M. Horwood, Asian Art Council, Art Institute of Chicago, May 4, 2017May 4, 2017

Mr. Horwood is a partner in the Trusts and Estates Group of Horwood Marcus & Berk Chartered and advises collectors regarding key issues such as authentication; provenance; collection management; tax matters; disposition and charitable, museum, and family gifting. Mr. Mottier is a collector who, over the course of three decades, acquired one of the most comprehensive collections of 20th-century Japanese…

The Best Laid Plans: Avoiding Administrative and Judicial Challenges, Chicago Bar Association, 5/3/17May 3, 2017

Two key takeaways from this presentation: The disclosure of information can be as useful of a risk management tool as any. A client who understands how a corporate fiduciary will interact with all parties will have a more positive experience.…

The Best Laid Plans: Avoiding Administrative and Judicial Challenges, Chicago Bar Association - 5/3/17May 3, 2017

Two key takeaways from this presentation: The disclosure of information can be as useful of a risk management tool as any. A client who understands how a corporate fiduciary will interact with all parties will have a more positive experience.…

Jordan Goodman Presents "State Income Tax Update - Year in Review" at the 2017 J. Nelson Young Tax InstituteApril 27, 2017

The J. Nelson Young Tax Institute is an annual professional program covering current state and federal tax problems and issues at the post-graduate level of knowledge. The program is designed for the practitioner who must frequently handle state and federal tax matters. Emphasis is placed on subjects that are new and current, including in-depth coverage of recent developments and problems…

David Hughes to present "Basics if Sales and Use Tax" at Sales Tax InstituteApril 27, 2017

The Basics of Sales and Use Tax is a boutique-style course designed for individuals working in financial or accounting corporate and consulting environments who handle sales and use tax for themselves or their clients. The 3-day course involves lecture, case studies and group discussion. All attendees have one-on-one access to the faculty members and can bring their specific questions and situations…

Jordan Goodman Quoted in State Tax Notes - March 2017April 10, 2017

"Speaking at the 2017 American Bar Association and Institute for Professionals in Taxation conference in New Orleans, Jordan Goodman of Horwood Marcus & Berk Chtd. asked fellow panelists whether taxpayers are required to follow 'unconstitutional' state laws, like those challenging the physical presence standard in Quill Corp. v. North Dakota."  Questions? Click here to contact Jordan Goodman. Jordan presented with:…

Jordan M. Goodman Presents "State Tax Update" at the Dallas Chapter of the Tax Executives Institute (TEI)April 10, 2017

 Jordan Goodman will discuss recent state tax decisions and developments focusing on trends observed in the last 12 months. Tax Executives Institute is the preeminent international association of business executives responsible for the tax affairs of their employers. TEI has nearly 7,000 members who represent 2800 of the leading businesses in the United States, Canada, Europe and Asia.  For more…

Sales Tax Institute Interviews SALT Attorney David HughesApril 3, 2017

Sales Tax Institute is a training provider offering specialized sales and use tax education. David discussed the future of sales tax and what advice he would give to professionals getting started in sales tax. Read the full interview here.…

Jordan M. Goodman is Presenting at the COST Mid-West Regional State Tax Seminar - 4/13/17March 30, 2017

8:30 am - 9:00 am      Registration / Networking / Continental Breakfast 9:00 am - 3:15 pm      Seminar 12:30 pm - 1:45 pm     Lunch - What's New at the Wisconsin Department of Revenue Horwood Marcus & Berk is proud to sponsor and present at the upcoming COST Mid-West Regional State Tax Seminar. Attendees will network with local tax peers and leave…

David Hughes Webinar: Unclaimed Property in a Post Temple-Inland and 2016 RUUPA WorldMarch 28, 2017

Note: CPE and Illinois CLE credit are offered for this event. Please see below for more information. In recent years, states have been increasingly aggressive in the administration of unclaimed property laws. The Temple-Inland case represents the pinnacle of state aggression. The Revised Uniform Unclaimed Property Act of 2016 represents a potential legislative response to Temple-Inland.  Holders should be cognizant…

HMB's State and Local Tax Attorneys at the 2017 ABA/IPT Advanced Sales/Use Tax SeminarMarch 20, 2017

Are you attending the 2017 ABA/IPT Advanced Sales/Use Tax Seminar in New Orleans, LA? Visit one of our SALT attorneys' presentations: David Hughes: "Top 10 State Income Tax Cases" - 3/21/17 - 9:00 - 9:50 AM Jordan Goodman:  "Prompt vs. Goodman" - 3/21/17 - 11:00 - 11:50 AM Jordan Goodman: "The Annual Big Easy Brawl" - 3/21/17 - 1:45 -…

HMB's David Hughes is Presenting "Top 10 State Income Tax Cases" at the 2017 ABA/IPT Advanced Sales/Use Tax SeminarMarch 16, 2017

Burden of proof, unconstitutional discrimination, nonresident trusts, net operating losses; this fast paced session will address these issues and more as it covers ten of the most recent and significant income tax decisions in the SALT world. By attending this session, the participant will be able to: Identify recent and significant SALT income tax cases Recognize how these recent cases…

HMB's Jordan Goodman Presenting at the ABA/IPT Advanced Sales/Use Tax Seminar - 3/21/17February 24, 2017

Round Deux - SALT Heavyweight Championship - A Bayou Battle - Professor Richard D. Pomp enters the ring to face perennial underdog Jordan M. Goodman in a battle royale match on all matters SALT.  This never-ending battle of good versus evil in SALTdom will feature discussions of cases and evolving trends in the SALT world. By attending this session, the…

David Hughes Moderates Chicago Tax Club Panel Discussion Taxpayer Benefits To Consider When Using The Illinois Independent Tax TribunalFebruary 23, 2017

This session will present an overview of the Illinois Independent Tax Tribunal including its establishment, jurisdiction, procedures, decisions and potential changes.  The session will also address when the tax tribunal should be considered to resolve Illinois sales tax issues as well as best practices in anticipation of utilizing the tribunal. Click here to learn more about the Chicago Tax Club…

HMB's Jordan Goodman Presents "Debate Over Nexus for Sales/Use Taxes - Are We Headed Towards a New Frontier"February 17, 2017

Some states are challenging Quill's physical presence test by regulation, while others are challenging it with the express consent of the state's legislature. A practicing attorney and a former state tax commissioner will debate these tactics and explore the constitutional issues and restrictions on extending the economic nexus concept to sales/use taxes. During their debate, they will provide an analysis…

Ethics & Professional Responsibilities for Transaction Tax ProfessionalsFebruary 15, 2017

Council On State Taxation (COST) Sales Tax Conference & Audit Session San Antonio, TX - 3/1/17 Early Morning Ethics Coffee Talk: Ethics and Professional Responsibilities for Transaction Tax Professionals It's never too early to learn about ethics.  Come to this early morning session and be entertained by these speakers as they cover new and breaking ethical issues related to transactional…

Aaron D. Werner to Present: Top Legal Risks & Solutions for Health Club Facility Owners and ManagersFebruary 6, 2017

Aaron D. Werner will be presenting "Top Legal Risks & Solutions for Health Club Facility Owners and Managers" at the 2017 International Health, Racquet & Sportsclub Association Trade Show in Los Angeles, California on March 9,2017. IHRSA is an international health and fitness organization and the Trade Show is the largest fitness conference in the world. In addition to his…

HMB's John Wiktor is Published in Family Foundation Advisor's Jan/Feb 2017 IssueFebruary 1, 2017

Family Foundation Advisor is a publication of the Civic Research Institute, offering guidance for effective foundation management, development and grant-making. Family Foundation Advisor is devoted exclusively to helping family foundation administrators and their professional advisors. In How to Connect With the Next Generation of Philanthropists, John discusses the changing landscape of philanthropy with respect to millennials joining the charitable planning…

HMB's Jordan Goodman Quoted in State Tax Notes from American Bar Association Annual Tax Meeting PresentationJanuary 20, 2017

Jordan Goodman was on a panel that analyzed the proposed changes to the federal tax system and the impact on the states. Mr. Goodman was quoted as stating "Change is good. Why? The base will be getting larger and the [proposed lower] rate doesn't affect them. This will give the states a windfall if the proposal hold up." Click here…

HMB's 15th Annual State & Local Tax Summer Camp - 7/19/17January 6, 2017

Join us for our 15th Annual HMB Summer Camp!  A full-day conference presented exclusively to HMB's valued clients and invited guests.  Discover the latest issues, evaluate important updates and gain valuable insight from our seasoned professionals. Click here to request a PDF of the presentation. Agenda 8:00 - 8:30am - Registration & Continental Breakfast 8:30 - 8:45am - Welcome and…

IL Shipping and Handling Regs Part 130.410 and 130.415 Second NoticeJanuary 22, 2016

SECOND NOTICE OF PROPOSED RULEMAKING 1)         Agency:  Illinois Department of Revenue 2)         Title and Ill. Adm. Code Citation of Proposed Rulemaking:  Retailers' Occupation Tax, 86 Ill. Adm. Code 130.410, 130.415 3)         Date, Issue, and page number of the Illinois Register in which the First Notice was published:  August 25, 2015, Issue 35, 39 Ill. Reg. 11865. 4)         Text and Location of any Changes Made…

HMB's David Ruskin Quoted in Tax Analysts about Illinois Qui Tam Suit Against WineriesSeptember 9, 2015

An Illinois court September 3 dismissed a suit against out-of-state wine sellers and held that a state liquor law did not require the sellers to collect local sales and use taxes. In Stephen B. Diamond PC v. 1-800-Flowers.com, an Illinois attorney filed a qui tam complaint in the Circuit Court of Cook County on behalf of the state alleging that a group…

Alvin H. Baum Family Fund Gives $1M to the University of Illinois at Urbana-ChampaignAugust 10, 2015

The Alvin H. Baum Family Fund, under the direction of the Fund's president Joel Friedman, has made a gift of $1,000,000 to the University of Illinois at Urbana-Champaign. This gift will endow the Baum Professor in Environmental Change and Sustainability. The University has made plans to conduct a national search for this Professor, who will act as the Director of the newly…

Illinois Appellate Court Holds Entities Must Be Represented By an Attorney At Administrative HearingsApril 25, 2014

Illinois Appellate Court Holds Entities Must Be Represented By an Attorney At Administrative Hearings A recent decision by the Illinois Appellate Court held that corporations may not represent themselves at administrative hearings, but instead must be represented by an attorney. In Stone Street Partners, LLC v. The City of Chicago Department of Administrative Hearings, Case No. 12 M1 450026, Stone…

Commercial Lending and Equity Deal Terms for Middle Market Businesses, Spring 2014March 5, 2014

Spring 2014 The winter months were unusually cool in late 2013 and early 2014, and most middle market borrowers and lenders will likely concede that lending activity during those months was equally cool.  The optimism for robust deal flow in 2013 never materialized into actual results, even though most middle market lenders remained quite optimistic until the bitter end.  Spring,…

Commercial Lending and Equity Deal Terms for Middle Market Businesses, Fall 2013October 14, 2013

FALL 2013 Although the first half of 2013 was marred by stagnant activity within the middle market lending environment, senior lenders across the middle market seem quite optimistic about finishing the year with a bang.  While it is difficult for senior lenders to pinpoint the exact cause for their optimism, the recurring talking point has been that these senior lenders…

New Ordinance Strives to Protect Tenants, Burdens Banks and Note PurchasersJune 13, 2013

On June 5, 2013, the City of Chicago's City Council passed an ordinance (the "Ordinance") that requires all purchasers of foreclosed rental properties in Chicago to either renew or extend each existing tenant's lease with annual rent increases not to exceed two percent (2%) or pay each existing tenant a relocation fee of $10,600.00 (per unit). All rental properties in…

City Seeks to Increase Revenue by Taxing Deed-in-Lieu TransactionsApril 25, 2013

In an effort to increase transfer tax revenue, the City of Chicago seeks to amend its Municipal Code in a manner that would result in tax liability for some real estate investors on transfers of real property that traditionally have been treated as exempt transfers. The City's proposed amendments come on the heels of several unfavorable Department of Administrative Hearing…

Mortgage Foreclosure Alert - Alternative Means to Sell Property Under Illinois Mortgage Foreclosure ActMarch 28, 2013

For many foreclosure sales, the typical sale process - selling the property at a court-ordered auction - is sufficient.  The result of most such sales is the bank "credit bidding" against its debt.  In certain cases, however, a traditional judicial auction may not be appropriate.  For example, the bank may not want to take title to the property or the…

Chicago Business Law Firm HMB Adds Four Corporate Partners, Significantly Expands Services in Banking, FinanceOctober 19, 2011

CHICAGO, September 13, 2011 - Four highly-experienced partners have joined the Chicago business law firm of Horwood Marcus & Berk Chartered (HMB), expanding the firm's service offerings in the areas of banking, finance, securities, restructuring and bankruptcy, as well as commercial litigation. The four most recently practiced in the Chicago office of a large Detroit-based law firm and prior to that the…

Investment Banker Customary FeesJune 14, 2010

In our previous two articles we walked you through the reasons to hire an investment banker for the sale of your middle market business (i.e. transaction valued between $25 million and $250 million) as well as typical terms for how the relationship will work. Now your attention turns to fees. Our experience is that terms vary among investment banking firms…

Investment Banking Customary TermsApril 14, 2010

In the first of our three part series we walked you through the process of deciding whether to hire an investment banker for your middle market business (i.e. transaction valued between $25 million and $250 million). So now that you have decided to sell your business, we will discuss customary investment banking terms in this article and will wrap up…

In Support of the Investment BankerDecember 14, 2009

So why do business owners want to hate investment bankers? Too often, it is based on cocktail party chatter. Have you ever heard, "the investment bankers added no value to the process? I already knew the buyer. We were competitors for years." Or, "the investment bankers wrote a nice book, but at the end of the day my lawyer and…

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