Philadelphia, PA
Probate Lawyer at Philadelphia, PA
Practice Areas: Probate, Estate Planning, Tax
Congress has passed a small business jobs bill, the Small Business Jobs Act of 2010 (H.R. 5297), with valuable individual and business tax incentives totaling approximately $12 billion. Many of these t...
See Full GuideTHESE NEW REPORTING REQUIREMENTS ARE IN ADDITION TO FBAR RULES This is an additional reporting requirement and does not replace the current Report of Foreign Bank and Financial Accounts (FBAR), Form ...
See Full GuideCONDITIONS: If a plan sponsor pays compensation in excess of $1 million to any employee or pays extraordinary dividends or stock redemptions during the relief period, they must increase pension insta...
See Full GuideThe simplified per diem rates, which employers may use to reimburse employees for lodging, meals and incidental expenses incurred during business travel, have fallen for fiscal year (FY) 2011, the IRS ...
See Full GuideThe maximum amount of earnings subject to Social Security will be unchanged in 2011, the Social Security Administration (SSA) has announced. The wage base, above which wages are not subject to Social S...
See Full GuidePAYROLL TAX EXEMPTION The Payroll Tax Exemption provides employers with an exemption from the employer's 6.2 percent share of Social Security tax on wages paid to qualifying employees, effective for ...
See Full GuideAVAILABLE FOR 401(k), 403(b) and GOVERNMENTAL 457(b) PLANS In-plan Roth rollovers are now available for a 401(k) plan, 403(b) plan, or governmental 457(b) plan which accepts Roth deferrals. PARTICIPA...
See Full GuideSettlements for wrongful death are tax-free. Although IRS Publication 4345 does not go into a lot of detail, wrongful death claims fall into the category of compensation for physical injuries. Compensa...
See Full GuideFILE WITH IRS NOT DOL Plan administrators must file this new form 8955-SSA with the IRS and not through the EFAST2 filing system. NO FILING FOR 2009 UNTIL GUIDANCE IS ISSUED Plan administrators are n...
See Full GuideNUMBER OF FULL TIME EMPLOYEES In total, FTE is not based strictly on the physical number of employees, but rather a calculation based on the total annual hours of part-time employees. In order to qua...
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