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Retirement Plan and IRA Updates
March 3rd, 2010
Required Minimum Distributions resume in 2010 – Although Congress suspended the requirement that Required Minimum Distributions (RMD) be made in 2009 as a result of the economy, it does not appear that Congress will continue this benefit for 2010 a…
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U.S. Supreme Court Issues Ground Breaking Campaign Finance Ruling
March 3rd, 2010
The U.S. Supreme Court, in a landmark decision, struck down a long standing prohibition on campaign financing and advocacy by businesses and unions in a 5-4 ruling on January 21, 2010. Free speech advocates hail it as a major victory. The majority op…
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Categories: Business Services
Drowning in Student Loans? Are They Dischargeable in Bankruptcy?
January 20th, 2010
With tuition rising by double digit percentage points over the years due to the state budget crunch, more and more students are graduating from college drowning in debt, including in some cases, six-figure debt. In my practice, and even from friends…
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Categories: Creditors' Rights
Smoking Ban
January 20th, 2010
Effective May 1, 2010, smoking will no longer be allowed in food establishments. Places that serve food will no longer have the choice of offering smoking and non-smoking sections. Any person that owns, operates, manages or has control over such a pl…
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Categories: Firm News
The Congress Created Estate Planning Dilemma
January 20th, 2010
Once again, our friends in Washington D.C., in their infinite wisdom, have created a real mess by not acting in a timely manner. Most experts felt that Congress would act before the end of 2009 to deal with the Federal Estate Tax law and expiring tax…
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IRS and Treasury Owe Americans Billions
December 10th, 2009
IRS TAX REFUNDS You may have hundreds or even thousands of your own dollars sitting in the coffers of the Internal Revenue Service, simply waiting for you. How might you ask? The IRS has about $123.5 million worth of refund checks from 2009 alone (10…
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Categories: Taxation - Individual and Business
7 Year-End Tax Planning Ideas
December 9th, 2009
As hard as it may be to believe, tax time is fast approaching. The following are some year-end tax planning ideas which may help reduce your 2009 tax bill or assist with financial and tax planning for you and your family: 1. The homebuyer tax credit…
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Categories: Taxation - Individual and Business
Tax Issues and Divorce
December 7th, 2009
A common question asked when representing clients in a divorce is how do I file my income taxes during the pendency of the divorce. If you are separated from your spouse or in the process of a divorce, you can not file as a single taxpayer if you are…
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Categories: Taxation - Individual and Business
Breaking News: New Tax Savings for Homeowners and Businesses
November 6th, 2009
As part of the extension of unemployment benefits, Congress passed (and the President is expected to sign into law today, November 6) a wide ranging bill that includes provisions to extend and expand the homebuyers’ tax credit and also expands a st…
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Bankruptcy Preference Actions - What Every Company Must Know
November 6th, 2009
When a business files for bankruptcy and liquidates its assets, the occurrence of which is increasing tremendously with the distressed economy, the debtor or an appointed trustee normally seek to recover what are called avoidable or preferential tran…
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