Philadelphia, PA
Probate Lawyer at Philadelphia, PA
Practice Areas: Probate, Estate Planning, Tax
TAX DEBTS FROM RETURNS DUE MORE THAN 3 YEARS BEFORE BANKRUPTCY FILING More than three years must have gone by since the return generating the liability was due, including extensions. Various actions ...
See Full GuideTRANSFER TO INSIDER Whether there was a transfer or obligation to an insider or related party. RETAINED CONTROL Whether the debtor retained control or possession of the transferred property CONCEALME...
See Full GuideDEATH OR DISABILITY OF THE PARTICIPANT Distributions on the death or disability of the participant. SUBSTANTIALLY EQUAL PERIODIC PAYMENTS Distributions after separation from service in the case of a ...
See Full GuideELECTION FOR UP TO $5,000 OF EXPENSES Taxpayers who pay or incur start up costs and who subsequently enter the trade or business can elect to expense up to $5,000. DOLLAR FOR DOLLAR REDUCTION WHERE C...
See Full GuideTHERE ARE THREE GENERAL CRITERIA THAT MUST BE MET TO DEDUCT AWAY FROM HOME TRAVEL EXPENSES. HERE ARE THE 3 REQUIREMENTS WITH SOME DETAILS: EMPLOYMENT MUST BE TEMPORARY: THE FOLLOWING FACTORS MAY BE RE...
See Full GuideWEIGHTED SALES FACTOR FOR APPORTIONMENT This new law increases the weighting of the sales factor to $83% for 2009 (previously it was 70%). After 2009, the sales factor weighting will be 90%. CAPITAL...
See Full GuideALL STOCK OF RESULTING CORPORATION IS ISSUED IN RESPECT TO STOCK OF TRANSFERRING CORPORATION All the stock of the resulting corporation, including stock issued before the transfer, issued in respect ...
See Full GuideEXCLUSIVE BENEFIT OF ONE SKIP PERSON The trust must be for the benefit of only one skip person. DISTRIBUTION ONLY TO ONE SKIP PERSON The trust must provide that during the life of the skip person, no...
See Full GuideQUALIFY FOR ANNUAL DONEE EXCLUSION Gifts to these 529 Plans qualify for the annual donee exclusion, regardless of the fact that gifts to these plans aer transfers of a future interest.. QUALIFY AS NO...
See Full GuideEDUCATIONAL EXPENSE GIFTS Transfers made on behalf of an individual directly to a qualifying education organization for tuition for education or training of the individual are not treated as a gift f...
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