Modrall Sperling Law Firm

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 “qualified business income.” As a general rule, this deduction allows individuals who are either…

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 “qualified business income.” As a general rule, this deduction allows individuals who are either sole…

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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 most businesses. Prior to 2018, a business could deduct up to 50 percent of…

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 business in New Mexico.  As in any case, you should obtain detailed legal advice…

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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…

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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…

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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…

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Supreme Court Ducks Addressing “Immovable Property” Exception to Tribal Sovereign Immunity

As Chief Justice Roberts put it in his concurring opinion in Upper Skagit Indian Tribe v. Lundgren, “There should be a means of resolving a mundane dispute over property ownership, even when one of the parties to the dispute—involving non-trust, non-reservation land—is…

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Update on Dakota Access Pipeline Litigation

The Dakota Access Pipeline litigation was originally brought by the Standing Rock Sioux Tribe in 2016, quickly joined by the Cheyenne River Sioux Tribe, to challenge construction of the Dakota Access pipeline (“DAPL”), and specifically DAPL’s crossing of the Missouri River at…

POSTED IN: Articles

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