New Department of Labor (“DOL”) regulations obligate certain service providers to pension plans (both defined benefit plans and defined contribution plans (e.g. 401(k) plans)) to make [...]
Supreme Court, in National Federation of Independent Business v. Sebelius, considered two major provisions of Affordable Care Act (“ACA”) – the individual mandate and the Medicaid expansion. 26 [...]
The President has now signed The American Taxpayer Relief Act of 2012, barely snatching victory from the jaws of the tax monster and a plethora of negative events that would almost certainly have [...]
On October 31, 2013, The Internal Revenue Service (“IRS”) warned of a telephone scam targeting taxpayers. Victims, contacted primarily by phone, are often told that they owe money and must [...]
If you do, you may be required to report the account to the Department of the Treasury. THE LAW Any United States person who has a financial interest in or signature authority over any financial [...]
In Pennsylvania, real estate tax exemption is constitutionally based. Article 8 of the Pennsylvania Constitution grants authority to the Pennsylvania General Assembly to exempt from taxation five [...]
On Tuesday, May 20, 2014, in the case of Whitewood vs. Wolf, U.S. District Court Judge John E. Jones III ruled that Pennsylvania’s Defense of Marriage Act (“PDMA”) violated the due process [...]
When buyers and sellers enter into an asset purchase agreement, Internal Revenue Code Section 1060 requires that the buyer and seller agree to the allocation of the purchase price to the various [...]
With the recent dip in the stock market, now may be an excellent time to consider converting your Traditional IRA to a Roth IRA. Converting your IRA to a Roth IRA will subject your IRA to income [...]
The Standard. A trustee must manage a trust according to a “prudent person” standard. A trustee is a fiduciary, which means the trustee’s actions must be in the best interests of the [...]
