The Internal Revenue Code (IRC) Section 83 governs property transferred to an employee in connection with the performance of services. Currently, the section states that such transfers of property (typically restricted stock or stock options) are subject to federal income tax when the property is no longer subject to a substantial risk of forfeiture; however,…
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Employee Who Read and Printed Coworker’s Emails Found Not Guilty of Violating the Stored Communications Act
A New Jersey court recently held that a teacher who accessed and printed a co-worker’s personal email after the coworker left the computer without signing out of her account was not guilty of a crime. By Alice Cheng In Marcus v. Rogers, 2012 WL 2428046 (N.J.Super.A.D. June 28, 2012), a New Jersey court held that a…
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The JOBS Act: A Summary of What it Means for Businesses
The Jumpstart Our Business Startups Act or JOBS Act, intended to encourage funding of United States small businesses by easing various securities regulations, was signed into law by President Obama on April 5, 2012. By Louis A. Zambrio On April 5, 2012, the Jumpstart Our Business Startups Act (“JOBS Act”) was signed into law. The…
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Don’t Be Stupid With An Unwanted Smartphone
Your smartphone knows all about you. Before giving it away or recycling your smartphone, make sure that you take the proper precautions so that your smartphone doesn’t spill your secrets to the world. In a Fox Business article by Michael Estrin entitled, “Don’t be Stupid With an Unwanted Smartphone,” OlenderFeldman LLP provides insight on the importance…
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