2014 Tax Extenders Bill Passes Congress
As 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 moreThe Suit Limitation Clause is Enforceable
Welcome 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 moreBeware of Scammers Impersonating the IRS
Despite repeated warnings from the Internal Revenue Service and news reports (including on this blog
Read moreVICTORY FOR TAXPAYER OVER THE IRS: Discount Allowed for Fractional Interest in Artwork
In 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 moreInternal Revenue Service Announces the Estate Tax Exemption for 2015
The 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 morePennsylvania’s New Power of Attorney Law: What You Need to Know
What Does Pennsylvania's New Power of Attorney Law Mean? You may have heard that the law governing Powers of Attorney in Pennsylvania has changed....
Read moreProtect Yourself From “Phishing”
Earlier 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 moreBuy/Sell Agreements: A Business Essential
For 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...
Read moreProtect Your Assets with an LLC
If you are about to start a business, an LLC can offer a unique combination of attractive benefits, providing the limited liability of a corporation combined with the tax breaks and operational...
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