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Scott Y. Barnes

65 Haynsworth Sinkler Boyd Attorneys Recognized by Best Lawyers

August 15, 2019

Haynsworth Sinkler Boyd is proud to announce that Best Lawyers®, a legal peer-review guide, has selected 65 attorneys for inclusion in The 2020 Best Lawyers in America© and 10 attorneys as “Lawyer of the Year.”

Thirty-Three Haynsworth Sinkler Boyd Attorneys Recognized in 2019 South Carolina Super Lawyers

April 04, 2019

Haynsworth Sinkler Boyd is pleased to announce that thirty-three attorneys have been listed in the 2019 edition of South Carolina Super Lawyers®, including eleven attorneys who were named as “Rising Stars.”

IRS Proposed Regulations Erode South Carolina Conservation Easement Tax Credit

August 30, 2018

On August 23, 2018 the Internal Revenue Service issued Proposed Regulations regarding the $10,000 cap on the deductibility of state and local taxes imposed under the Bipartisan Budget Act of 2018 (Code Section 164(b)(6)). 

The Wonderful Mr. Olds

August 16, 2018

Todd Olds owns and operates a commercial real estate company, Prime Properties of Charleston, LLC, which does business in Goose Creek, South Carolina. The City of Goose Creek imposes a business license tax on every person engaged in business within the City’s limits for the privilege of doing business within the City.

HSB Attorneys Recognized by Best Lawyers

August 15, 2018

Best Lawyers®, a legal peer-review guide, has selected ten Haynsworth Sinkler Boyd attorneys as “Lawyer of the Year” for 2019. 

Single Member Limited Liability Companies Protect Property from Tax Liens Filed Against the Member

June 21, 2018

A federal tax lien attaches to all real and personal property of a taxpayer at the time an assessment is made by the Internal Revenue Service and continues until the liability is paid or becomes unenforceable by reason of a lapse of time (10 years). The lien is a statutory lien that is perfected as to the taxpayer at the time the tax is assessed. As to third parties, the lien is only perfected if properly filed in the appropriate filing office under state law. In South Carolina, a federal tax lien is perfected when filed with the Register of Deeds in the county where the taxpayer owns real (or personal) property.

Tax Treatment of LLC Distributional Interests

May 07, 2018

A Member of a South Carolina Limited Liability Company can transfer the right to receive “distributions” from the limited liability company. This transfer of a “Distributional Interest” does not entitle the transferee to become or exercise any of the rights of a Member. The transfer entitles the transferee to receive, to the extent transferred, only the distributions to which the transferor would be entitled.

Haynsworth Sinkler Boyd Attorneys Named in 2018 South Carolina Super Lawyers

April 30, 2018

Haynsworth Sinkler Boyd is pleased to announce that 36 attorneys have been selected to the 2018 South Carolina Super Lawyers® and South Carolina Rising Stars lists.

Key Takeaways from Our 2017 Corporate Law for Accountants Seminars

January 25, 2018

Haynsworth Sinkler Boyd recently hosted our annual Corporate Law for Accountants Seminars across South Carolina. These complimentary seminars covered three main topics: (1) operating agreements, (2) employment law and (3) state and local tax updates.

New IRS Audit Rules to Impact Partnerships (LLCs) in 2018

December 19, 2017

For tax years beginning after December 31, 2017, a new centralized audit regime for partnerships and LLCs will take effect. Currently, audit adjustments made by the Internal Revenue Service for partnerships (LLCs) are made at the individual partner (member) level with assessment and collection at the individual partner (member) level.

Are Transfers of Membership Interest(s) in a Single Member LLC Subject to the Deed Recording Fee?

September 14, 2017

On August 28, 2017 the South Carolina Department of Revenue published Rev Rule #17-5, which updated Rev Rule #15-3 (the “Rev Rul”).

Best Lawyers Names Fifty-Six Haynsworth Sinkler Boyd Attorneys to Annual List

August 15, 2017

Fifty-six lawyers from Haynsworth Sinkler Boyd, P.A. were recently selected by their peers for inclusion in The 2018 Best Lawyers in America© list.

Thirty-Two Haynsworth Sinkler Boyd Attorneys Named in 2017 South Carolina Super Lawyers

May 01, 2017

Haynsworth Sinkler Boyd, P.A. is pleased to congratulate 32 firm attorneys from 13 practice areas who were listed in the 2017 edition of South Carolina Super Lawyers.  

City of Charleston Business License Tax Changes Impact Owners of Residential Rental Units

December 20, 2016

The City of Charleston imposes a business license tax based on gross income on every person engaged or intending to engage in any calling, business, occupation or profession within the City of Charleston.

Changes to Partnership Audit Rules May Require Amendments to Operating Agreements

November 14, 2016

The Bipartisan Budget Act of 2015 significantly modified the partnership audit rules enacted under the Tax Equity and Fiscal Responsibility Act of 1982. 

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