Welcome to DUGGAN BERTSCH, LLC — A law firm dedicated to thoughtful, innovative and uncompromising legal representation for the Private Client.

The needs of the private client are both pointed and diverse. While you require the advanced skills of a specialist, you also have diverse needs that must be understood and integrated by your lawyer. With its broad base of multi-degreed, multi-disciplinary attorneys, DUGGAN BERTSCH is uniquely positioned in the legal space to best serve the needs of Private Clients.

We look forward to showing you the DUGGAN BERTSCH difference.

 

News From DUGGAN BERTSCH

The Chicago Daily Law Bulletin Published Timothy Liam EPSTEIN'S Article Entitled, "Confidentiality agreements fog Panthers’ sex charges."

In the span of one weekend in December, accusations of workplace impropriety against Carolina Panthers principal owner Jerry Richardson led to an internal and National Football League investigation and ultimately resulted in Richardson putting the team up for sale.

On the same day that a media story revealed that Richardson allegedly engaged in sexual harassment and inappropriate physical contact with several female Panther employees,.... 

To Read the entire article, CLICK HERE!

Implications of the Tax Cuts and Jobs Act

The passing of the Tax Cuts and Jobs Act (“TCJA”), P.L. 115-97, ushered into law the most far reaching tax law change in over thirty years.  The primary thrust of the TCJA is to fundamentally change how businesses will be taxed after December 31, 2017.  However, there are a number of significant last minute planning moves both businesses and individuals should consider making prior to January 1, 2018 as well as new planning opportunities for 2018 and beyond.

Click here to read more.

XLIVE 2017: A Annual Conference and Expo Bringing Together Industry Leaders of the Live Event Space to Share and Explore the Latest Trends

This year's event took place in downtown Las Vegas, Nevada, at the Mandalay Bay Resort & Casino. During this four day conference and expo, leaders of the industry came together to share their experiences, discuss the latest trends, happenings, and visions for the industry's future. Timothy Liam EPSTEIN, named to Xlive's Advisory Board earlier this year, was among these industry leaders, speaking on two of the expert panel sessions. This year’s conference and expo featured five conference tracks, totaling over 60 interactive educational sessions designed to give festivals the ability to create experiences that are truly extrodinary. 

 

For specifics on Tim's sessions, please select one of the panel titles below:

December 11, 2017 Panel --> Community Impact - Making a Positive Impact on Communities through Live Events

December 12, 2017 Panel --> Standing Apart – Building a unique lineup in a consolidated market:

 

 

 

 

 

 

 

 

Year-end Change to Partnership Audit Rules

Partnership Audits - The partnership audit procedures have dramatically changed in favor of the Internal Revenue Service, and amendments to your Operating Agreement or Partnership Agreement are required now.

There is a new party involved in partnership audits on your behalf starting on New Year’s Day 2018.  The old audit regime using the “Tax Matters Partner” (“TMP”), with its retained notice and appeal rights for the partners, is now history for most partnerships, limited partnerships (“LPs”), limited liability partnerships (“LLPs”) and limited liability companies (“LLCs”).  The new party replacing your TMP is your “Partnership Representative” (“PR”), and one must be appointed by you to be effective as of January 1, 2018.  There is a significant difference between the two types of tax representatives, and you must be aware and take appropriate steps to protect yourself as a partner or member (both “partner” in this letter and for tax purposes), as well as understand your obligations and liabilities if you become a PR.

Most of the details regarding the new laws and regulations are of interest to lawyers and accountants, but you need to be aware of the new audit regime which was enacted by the Bipartisan Budget Act of 2015 (“BBA”) and set under a new regulatory structure from the Treasury Department published on June 13, 2017.  It is generally effective on January 1, 2018. 

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