The Pennsylvania Department of Revenue reminds that all marketplace facilitators and online sellers meeting Pennsylvania’s economic presence threshold (i.e., Pennsylvania annual gross sales of [...]
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With the passage of the 2017 Tax Act, the Federal Estate and Gift Tax Exemption was increased to $11.4 million per person or $22.8 million per married couple for 2019. The exemptions are set to [...]
In a recent case, the U. S. District Court in South Dakota confirmed that tax is as certain as death. In this case, the heirs neglected to file a timely federal estate tax return. When the return [...]
In a fascinating recent case the U.S. Tax Court taught another lesson on how taxpayers can entangle themselves in the tax web. In this case a father cheated the IRS, went to prison for the crime [...]
The Irrevocable Spousal Trust (“IST”) is an irrevocable trust created for the lifetime benefit of the grantor’s spouse, and then typically for the benefit of children or grandchildren. The IST is [...]
Metz Lewis strongly recommends that if any parent has children age 18 or older who are not married, they should get their children to sign a Medical Power of Attorney (POA) so that a healthcare [...]
The Tax Cuts and Jobs Act of 2017 increased the basic exclusion amount (BEA) for estate and gift tax purposes from $5,000,000 to $10,000,000 which, after allowing for inflation adjustments, [...]
A little-known planning technique may provide assistance to individuals with disabilities (the onset of disability must have occurred before turning age 26). In 2018, total contributions up to [...]
Last year the Pennsylvania legislature enacted House Bill 542 which changed Pennsylvania state sales tax law requirements for out-of-state vendors selling into the Commonwealth. The bill revised [...]
The House Ways and Means Committee is considering retirement plan changes. Retirement issues aren’t unpopular with the Democratic minority in the Senate. The retirement provisions can be [...]
