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Showing posts from November, 2019

Young Lawyer Spotlight of Andrew Walden

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Andrew Walden is an associate attorney in Womble Bond Dickinson’s Charleston office, where he works in the Business Litigation practice group and focuses primarily on construction litigation and other business disputes. Andrew previously worked in small firm with a general civil practice and more recently for a regional insurance defense firm defending workers’ compensation claims. Andrew has served on the board of directors for MUSC’s Storm Eye Institute and on the leadership team for the American Heart Association’s Heart Ball. Andrew and his wife Rachel have a two-year-old son and one-year-old daughter. By any measure, his plate was full.   But Andrew has found time to serve his country as well. Last summer, Andrew embarked on a journey to join the U.S. Army’s JAG Corps. This required application and acceptance into a crowded and competitive field, and then completion of six weeks of basic training where he obtained necessary military skills and conditioning at Fort Benning, Geor

Back to Basics

We’re privileged to be able to do what we do day in and day out even if it may not seem that way at the time. Our clients ask us, as conductors, to take various facts and legal principles and harmonize them in a way that best serves their interests. It’s hard. It’s stressful. In some circumstances, it may even be impossible. Yet when we’re on the stage, it’s easy to forget that we’ve got back-up – the various “Rules of” many of us thought (or hoped) we left behind in school. These little beauties form the foundation on which we do our work. They’re part of our “physics,” the principles that underlie almost everything we do. While we grow our practice, skills, and styles, though, it’s easy to become enmeshed in the “complicated,” the “unique,” or the “novel” issues that we want to take to our appellate courts or hope will change analysis on some delicate or heretofore unknown legal issue forever. The boring stuff can take care of itself, right? Say you’ve filed a Summons and Comp

Yes, Reporting Person, You Must Issue a 1099 to All Sellers

By Mikail Clark              In the purchase of property in consumer and commercial transactions involving multiple transferors (e.g., tenants in common, joint tenants, or tenants by the entirety), many issues arise regarding the tax implications of such transactions.  One issue that commonly arises is whether the reporting person must issue a Form 1099-S (Proceeds from Real Estate Transactions) to  each  transferor in accordance with his ownership interest or whether he can simply issue a Form 1099-S to  one  of the transferors. While many reporting persons prefer to issue one Form 1099-S for ease in accounting, the law requires otherwise.                           Generally speaking, in the case of multiple transferors of real estate, the “reporting person” (i.e., the person responsible for closing such as an attorney, title company, the mortgage lender, the seller’s broker, the buyer’s broker, the person acquiring the biggest interest in the property, or the person so desig