The Tax Cuts and Jobs Act of 2017 increased the lifetime gift and estate exclusion to about $11.2 million per person (twice this for married couples who plan correctly) from the previous limit of [...]
Many industries develop their own “ecosystems” within which member firms develop essential links with each other. Sometimes these bonds are so critical that their absence would compromise the [...]
IRS Announces Offshore Voluntary Disclosure Program Ending September 28, 2018
In Tax and Estate Planning PostedThe IRS has announced that the Offshore Voluntary Disclosure Program (ODVP) will end September 28, 2018. This marks the close of an opportunity for taxpayers who have previously not disclosed [...]
Changes to Federally Funded Invention Rights & Licenses
In Intellectual Property, Risk Mitigation PostedEffective May 14, 2018, the rules implementing the Bayh-Dole Act (specifically, 37 CFR § 401 and 404) were changed in some important ways that impact patent protection of federally-funded [...]
With data privacy firmly in the public consciousness and calls for regulation made daily, inquiries into the data practices of an acquisition target, especially regarding personally identifiable [...]
Currently, written instruments controlled by Pennsylvania law have had two different statutes of limitation. Most written contracts must be enforced within a four-year statute of limitations. [...]
The Deadline for EU General Data Protection Regulation Compliance Fast Approaches
In Corporate Issues, Risk Mitigation PostedOn May 25, 2018, the EU General Data Protection Regulation (GDPR) takes effect. The GDPR will impact any US business that (1) collects information directly from EU citizens (e.g., online sales, [...]
This post was written by Larry Blair. The 2017 Tax Act dramatically increased the federal, gift, and generation skipping transfer exemption to $11.18 million per person. The increased exemption [...]
Some Home Equity Interest Still Deductible Under Tax Cuts and Jobs Act
In Tax and Estate Planning PostedThe Tax Cuts and Jobs Act (TCJA) passed in December, 2017 limited the deductibility of home mortgage interest to $750,000, down from the prior limit of $1 million. At the same time, the [...]
This particular Form W-2 scam involves cybercriminals using various techniques to send fake emails that appear to come from an organization executive, such as the chief executive officer, to the [...]