Modrall Sperling Law Firm

What’s in a Net Royalty Acre?

We all understand the definition of “net mineral acre.” It is derived by multiplying a fractional interest in minerals by the acreage over which the interest is owned….

POSTED IN: Articles

Retirement Plans to the Rescue with Tax Cuts and Jobs Act Changes

One of the major changes in the tax law enacted last December in the Tax Cuts and Jobs Act (“TCJA”) was the creation of a new deduction for…

POSTED IN: Articles

Modrall Sperling Attorneys Recognized by Best Lawyers® 2019

Nine shareholders have been selected by Best Lawyers in America® as a 2019 “Lawyer of the Year” in Albuquerque and Santa Fe. Only a single lawyer in each practice area and designated market is honored with this recognition. Lawyers listed by Best…

POSTED IN: Articles, News, Recognition

Which is Better for Business Owners: Compensation or Dividends?

One of the major changes in the tax law enacted last December in the Tax Cuts and Jobs Act (TCJA) was the creation of a new deduction for…

POSTED IN: Articles

Subject to Interpretation

“‘The words ‘subject to,’ used in their ordinary sense, mean ‘subordinate to,’ ‘subservient to’ or ‘limited by.’” Kokernot v. Caldwell, 231 S.W.2d 528 (Tex. Civ. App. – Dallas,…

POSTED IN: Articles

Deducting Entertainment and Meal Expenses After the Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act made major changes to the laws on business deductions for entertainment and meals, and these new rules will have some impact on…

POSTED IN: Articles

Construction Law in New Mexico

This is a summary guide to some aspects of construction law in New Mexico that are important for out-of-state individuals or corporations to keep in mind when doing…

POSTED IN: Articles

Which Door is Closing for Taxpayers with Foreign Financial Assets

On Sept. 28, 2018, the IRS will be closing its 2014 Offshore Voluntary Disclosure Program (OVDP), a program that assists taxpayers who failed to disclose foreign financial assets and to pay all tax on any income related to such assets. To patriciate…

POSTED IN: Articles

Indian Law in the Next Supreme Court Term: Grants and Pending Applications

The United States Supreme Court may have the opportunity to address a number of Indian law issues in its next term starting October 2018. To date, the Court has granted certiorari in Royal, Warden v. Murphy, No. 17-1107, an appeal from the…

POSTED IN: Articles

Supreme Court Declines Review of Tenth Circuit Case Holding Tribal Acquisition of an Interest in an Allotment Defeats Eminent Domain Authority

The Supreme Court recently denied a petition to review the Tenth Circuit’s opinion in Public Service Company of New Mexico v. Barboan1. The Tenth Circuit affirmed the district’s court ruling that tribal ownership of a fractional interest in an “allotment,” land the…

POSTED IN: Articles

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