You receive a call at home telling you this is your final notice from the IRS and that the IRS is going to file a lawsuit for taxes owed. This call is a scam. The IRS will never telephone you [...]
The City of Pittsburgh has a new paid sick leave Ordinance which will require all employers that are situated or conducting business in Pittsburgh to provide paid sick leave to all full-time and [...]
Employers, employees and even equity holders should be mindful of company property ownership interests upon the employee or stakeholder’s separation from the company. A typical provision in a [...]
Withdrawing From a MEC Owned by a Life Insurance Trust The tax code limits the use of tax benefits of life insurance to accumulate cash with a small insurance benefit. Funding a cash-rich life [...]
This month the Department of Labor announced a proposed rule change that will provide overtime pay to lower-salaried employees. Currently, the Fair Labor Standards Act permits companies to [...]
Non-competition agreements serve to protect from misuse by a former employee the hard-earned goodwill and customer relationships an employer has developed. However, courts impose strict [...]
Irrevocable life insurance trusts (ILITs) are designed to keep life insurance from being subject to estate tax in the insured’s estate. However, the trust must be precisely drafted and [...]
New Pennsylvania Entity Transactions Law Permits Statutory Conversion of Entities
In Corporate Issues PostedThe new Pennsylvania Entity Transactions Law, which went into effect on July 1, 2015, brings Pennsylvania in line with many other states in allowing for simple, statutory entity conversions. [...]
For many people, an Individual Retirement Account (IRA) can be your most valuable and important retirement asset. However, planning for the transfer of an IRA at one’s death often does not get [...]
New Pennsylvania Entity Law Expands Opportunities for Statutory Interest Exchanges
In Corporate Issues PostedOn July 1, 2015, the new Pennsylvania Entity Transaction Law (the “Act”) becomes effective. Among its innovations, the Act significantly expands the ability of entities – including corporations, [...]