You may be able to defer capital gains tax on the sale of property which has appreciated in value through the use of a Section 1031 like kind exchange. It is a vehicle which can be employed by a taxpayer who sells property which has been held for productive use in a trade or business … Read more
Organizing a Limited Liability Company (LLC) has become a popular form in which to conduct business, but you won’t find an LLC Tax Return form on the IRS’ website. The Internal Revenue Code (the Code) doesn’t recognize an LLC as a type of entity with its own tax treatment. Instead, LLCs are taxed as if … Read more
Kinkead & Stilz is pleased to announce that Justin T. Baxter and Kara B. Prichard have joined the firm as associates. Justin completed a clerkship with Judge Gregory Lay in Knox and Laurel Counties and Kara completed a clerkship with Judge Scorsone in Fayette County prior to joining Kinkead & Stilz.
In June, 2017, Thomas M. Todd was the title and real estate counsel assisting an out-of-state manufacturer in a $2,000,000 acquisition for industrial and distribution uses. This transaction involved multiple parcels with legal descriptions, dating back more than 100 years. It required obtaining easements from adjoining landowners, as well as granting reciprocal easements by the … Read more
Kinkead & Stilz is pleased to announce that Melanie S. Marrs, David A. Trevey and Tonya S. Rager joined the firm as partners. Melanie, David and Tonya are bringing a Professional Liability Defense department to Kinkead & Stilz, a practice area that while not entirely new to Kinkead & Stilz, certainly enhances the other legal … Read more
In May, 2017, Thomas M. Todd, represented a secured lender whose mortgage was released due to fraudulent acts by the borrower, and through negligence of the subsequent purchaser’s lender. Todd filed an action to enforce its claim against the new owner (foreclosure), the owner’s lender (for gross negligence), and the former borrower (for fraud and … Read more
Kinkead & Stilz is pleased to report that Melanie S. Marrs recently achieved a unanimous Defense Verdict for Baptist Health Corbin in a case tried for two weeks in Whitley Circuit Court. The allegations against Baptist were that they failed to appropriately potassium as required by a standing protocol and that her cardiac event was … Read more
In December 2016, Thomas M. Todd was the title and real estate counsel assisting university outside counsel in a $9,000,000 hotel acquisition, to be remodeled into offices to serve the university hospital. This acquisition involves multiple parcels in an urban setting, and required research into an unreported Circuit Court decision adjudicating the subject property to … Read more
In October, 2016, Thomas M. Todd, represented a subcontractor against the general contractor on a public project. Following a five day bench trial, Todd obtained a judgment on behalf of his client of over $420,000, consisting of the remaining base contract, unapproved change orders, and an award under the Kentucky Fairness in Construction Act of … Read more
In June, 2016, Thomas M. Todd was the title and real estate counsel assisting a large Industrial contractor in several related transactions. First, Todd’s client purchased property owned by a quasi-public agency, which consisted of multiple parcels originally platted as an abandoned subdivision, prior to which had been acquired by the public agency. Thereafter, Todd’s … Read more