What Triggers An Audit? While you can’t fully protect your tax return from every examination, you should be mindful of some key tax issues when preparing your return. Of course, some things are simply obvious audit triggers... Continue Reading
Gift Tax Adequate Disclosure Related to Proposed Regulations While the proposed Code Section 2704 regulations are still in limbo, along with other regulations that may indirectly impact 2016 gift tax returns, it is recommended... Continue Reading
P.L. 2016, Ch. 57 (October 14, 2016) For New Jersey residents dying in calendar year 2017, the exemption amount from New Jersey Estate Tax which was previously $675,000, has been raised to $2 million per person. The estate tax... Continue Reading
In the business litigation case of AmQuip Crane Rental, LLC. V. N.L. Carson Constr. Co., Inc. PICS Case No. 17-0453 (E.D. Pa. March 13, 2017) the Honorable Cynthia M. Rufe ruled that the Plaintiff’s equipment rental company... Continue Reading
In the estate litigation case of In re Estate of DeWalf, PICS Case No. 17-0406 (C.P. Lycoming, Mar. 2, 2017), the Honorable Nancy Butts ruled that the executor’s payment of an early inheritance to himself but not to other... Continue Reading