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Tax Implications of Budget Reconciliation Bill Image

Tax Implications of Budget Reconciliation Bill

Lawrence L. Bell

Part Two of a Two-Part Article This installment discusses how to use benefit laws that have been on the books for over 30 years to fund not only death benefits but also alternatives to deferred compensation for business and estate planning purposes for pass-through entities.

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Will Supreme Court Settle Sale of Tax Liens Issue? Image

Will Supreme Court Settle Sale of Tax Liens Issue?

Kenneth L. Baum

There's a split among circuit courts on whether tax foreclosure sales may be avoidable as preferential and fraudulent transfers by property owners who subsequently seek relief under the Bankruptcy Code. If the Supreme Court eventually weighs in to resolve this circuit split, property owners, municipalities, and potential bidders for tax liens across the country will receive greater clarity on this critical issue.

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Remote Work Yields Savings, But Watch for Tax and Jurisdiction Issues Image

Remote Work Yields Savings, But Watch for Tax and Jurisdiction Issues

Troy Ayala

While the rapid ascent of home offices may have initially come as a shock to more than a few corporate cultures, the truth is that business leaders who embrace long-term remote working can yield significant cost savings and boost employee morale.

Features

Tax Implications of Budget Reconciliation Bill Image

Tax Implications of Budget Reconciliation Bill

Lawrence L. Bell

In this two-part article, we look at the proposed tax law changes in the budget reconciliation bill — the major legislation in 2021.

Features

Build Back Better: Considerations for Tax Advisers & Planners Image

Build Back Better: Considerations for Tax Advisers & Planners

Lawrence L. Bell

The Infrastructure Investment and Jobs Act, signed by the President on Nov. 15, 2021, presents a number of issues for advisers, planners and taxpayers to consider.

Features

Biden's Economic Road Map Includes Benefits for Government Contractors Image

Biden's Economic Road Map Includes Benefits for Government Contractors

Lawrence L. Bell

The Biden Administration and the Democratic controlled Congress is rolling out a robust spending plan that will provide benefits and burdens for the defense and government contract community. This article provides a road map that will assist in providing permissibly selective benefits for the qualifying government contractors and employees.

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Selective Reassessment of Only Commercial Properties Violates the Uniformity Clause Image

Selective Reassessment of Only Commercial Properties Violates the Uniformity Clause

Alan Nochumson & Clementa Amazan

The Commonwealth Court of Pennsylvania recently analyzed whether the City of Philadelphia's selective reassessment in tax year 2018 of only commercial properties at current market value violated the Uniformity Clause and the Assessment Law's requirement that the City assess all properties annually at actual market value.

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Registered Nurses In a Top Hat Plan Image

Registered Nurses In a Top Hat Plan

Lawrence L. Bell

As the healthcare industry is emerging from the pandemic they are looking for ways to reward, retain and recruit a very important segment of its people — Registered Nurses. Employers are looking for ways to provide benefits in an economically efficient fashion that does not create an immediate and punitive tax on the participant.

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Biden Administration Budget 2022: Employer Sponsored Death Benefits a Forgotten Planning Tool Image

Biden Administration Budget 2022: Employer Sponsored Death Benefits a Forgotten Planning Tool

Lawrence L. Bell

Part One of a Two-Part Article While providing a current benefit for employees, an employer sponsored death benefit is an asset that may create needless taxation if not properly handled. Taking prudent steps will avoid the problems of loss of control and flexibility while minimizing income, estate, transfer and capital income taxes.

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How U.S. Tax Court Reached Its Decision on Michael Jackson's Right of Publicity Image

How U.S. Tax Court Reached Its Decision on Michael Jackson's Right of Publicity

Stan Soocher

The significance of the U.S. Tax Court decision for celebrities and their estates is clear: Prior to now, as Tax Court Judge Mark V. Holmes noted: "We haven't had a case directly addressing the taxability of the image and likeness."

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