Soon many employees will have access to a new type of retirement savings account, the “myRA”. President Barack Obama introduced his proposal for this new plan to the public during his State of...
Read moreAs of Tuesday December 16, 2014, both houses of the U.S. Congress have now passed the Tax Increase Prevention Act of 2014, and analysts expect President Obama to sign the Bill. The Bill...
Read moreWelcome to the first in our series of legal updates focused on property insurance and property loss adjusting. This inaugural entry addresses the enforceability of the one year Suit...
Read moreDespite repeated warnings from the Internal Revenue Service and news reports (including on this blog
Read moreIn a victory for the taxpayer, the Fifth Circuit ruled that valuation discounts are available for an estate which owns a fractional interest in artwork. In the case of Estate of James A. Elkins,...
Read moreThe Internal Revenue Service announced on October 30, 2014 that the estate tax exemption, sometimes referred to as the federal estate tax credit, will rise to $5.43 million per individual dying in...
Read moreYou may have heard that the law governing Powers of Attorney in Pennsylvania has changed. Act 95 was enacted on July 2, 2014. It modifies Chapter 56 of Title 20 of the Pennsylvania Consolidated...
Read moreEarlier this week, I received a voicemail from a person claiming to be from my credit card company. The caller identified my bank and said she was calling about my MasterCard. The message sounded...
Read moreFor many years, three accountants – a man in his 70s who founded the practice, a woman in her 60s and a “junior” partner in his late 30s - owned and operated a busy tax and accounting firm...
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