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Ninth Circuit BAP Voids Investor Vote to Remove a Bankrupt General Partner: What In re LeFever Mattson Means for New Mexico Partnerships and LLCs
Ninth Circuit BAP’s LeFever Mattson voids state-law removal of a bankrupt general partner. What New Mexico partnerships, LLCs, and their investors should do instead.
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IRS Tax Preparer Audits and Investigations in New Mexico: A Guide for Preparers Under Scrutiny — and Their Clients
IRS tax preparer audits and investigations in New Mexico: how PTIN data and DIF scores flag preparers, penalty exposure, and what preparers and clients should do.
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When the Trustee Sells the Clawback Claim Against You: In re LEOSU and Preference Defense for New Mexico Businesses
A bankruptcy trustee can sell preference and fraudulent transfer claims against your business to a hostile creditor. What New Mexico clawback targets can do now.
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IRS Final Regulations Align Backup Withholding With the Restored $20,000 Form 1099-K Threshold: What New Mexico Online Sellers and Gig Workers Need to Know
IRS final regulations align 24% backup withholding with the restored $20,000/200-transaction 1099-K threshold — what New Mexico sellers and gig workers must know.
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Senate Passes S. 3977 to Restore the $7.5 Million Subchapter V Debt Limit: What It Means for New Mexico Small Businesses
The Senate passed S. 3977 to restore the $7.5 million Subchapter V debt limit. What New Mexico businesses in the $3.4M-$7.5M gap should weigh before filing.
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Selling Your Company? A Delaware Court Just Showed What a Clean Deal Process Buys You
New Mexico business owners selling to private equity: the KnowBe4 decision shows how special committees, Corwin votes, and integrated tax structuring protect the deal.
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Selling to an ESOP (or Selling the ESOP Company): What Rush v. GreatBanc Means for New Mexico Business Owners
New Mexico business owners weighing an ESOP exit: the Seventh Circuit’s Rush v. GreatBanc ruling, the § 1042 tax deferral, and a clean-process succession playbook.
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The Paperwork You Never Finished Can Cost Your Family Everything: An Eleventh Circuit Lesson in Unfinished Transfers
New Mexico families: a signed plan is not a transfer. An Eleventh Circuit case shows how unfinished note and mortgage assignments destroyed bankruptcy claims.
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High Earners, Your 401(k) Catch-Up Is Going Roth: The Plan Amendment Deadline New Mexico Employers Cannot Miss
New Mexico 401(k) sponsors must amend plans for SECURE 2.0’s mandatory Roth catch-up by December 31, 2026. Who the $150,000 wage test hits and what to…
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Insights ✶ New Mexico
Tax & Bankruptcy Insights
Plain-English analysis of federal tax defense, tax planning, and bankruptcy developments that matter to New Mexico individuals and business owners. New posts every week from attorney-CPA Phillip Zagotti.