Imagine the following scenario. A local business is fed up with one of its employees. The employee misses too much work, he or she is generally disruptive to other employees, and he or she [...]
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 [...]
All businesses and industries can be subject to a customer or multiple customers filing for Chapter 11 bankruptcy protection. While some companies have the resources to get through an economic [...]
The standard Commercial General Liability (“CGL”) policy provides insurance coverage to a company when the company causes personal injury or property damage to a third party. For example, if a [...]
The Internal Revenue Service prohibits a charitable contribution deduction of $250.00 or more, unless the taxpayer substantiates this contribution by a contemporaneous written acknowledgement of [...]
An employer is a prominent manufacturer of products used in the oil and gas industry…. The employer has three repair workers who normally do repairs of the company’s products in the [...]
A person creates a Grantor Retained Annuity Trust (GRAT) by transferring assets to an irrevocable trust for the benefit of a beneficiary and retains an annuity interest. A person who establishes [...]
By Act 93 of 2014, Pennsylvania recently amended the Municipal Claim and Tax Lien Law to broaden the scope of a municipality’s lien for delinquent real property taxes. Effective January 26, 2014, [...]
The federal estate tax exclusion has grown from $5,000,000 in 2011 to $5,340,000 in 2014. Beginning in 2011, if properly elected, the unused exclusion of one spouse’s estate could be used by the [...]
Pennsylvania Superior Court Refuses to Permit Consolidation of Separate Judgments Against Husband and Wife
In Corporate Issues PostedFaced with an issue of first impression, the Pennsylvania Superior Court recently held that an individual judgment against a husband and an individual judgment against a wife related to the same [...]
