Client Alerts

TAX ALERT: I Just Got Another K-1 and My Return is Due Tomorrow
May 14, 2014

Partnerships, S corporations, limited liability companies, estates and trusts are “pass through” tax entities that are required to issue K-1 schedules to their partners, shareholders, members or beneficiaries.  A K-1 schedule reports the appropriate share of income, losses, deductions and credits for the year that are passed through to each party who has a beneficial […]

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LITIGATION ALERT: Covered or Not – That is the Question
March 28, 2014

In the very recently decided case of Indalex, Inc. v. National Union Fire Insurance Company, the issue was whether a window manufacturer had insurance coverage for underlying lawsuits, wherein homeowners claimed that the manufacturer’s windows and doors were defectively designed or manufactured, and resulted in water leakage that caused physical damage, such as mold and […]

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ALERT: Recent Tax Law Changes Make Income Tax Planning More Important Than Ever
February 27, 2014

One universal and challenging objective in wealth preservation planning is reducing taxes. Recent tax law changes have in many cases shifted the focus of such planning from estate and gift tax reduction to income tax reduction. On January 1, 2013, Congress passed the American Taxpayer Relief Act of 2012 (ATRA) which, among other things, increased certain income tax […]

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Estate Planning Alert: DOMA and How it Affects Pennsylvania Residents
October 30, 2013

The Defense of Marriage Act (“DOMA”) is a federal law, enacted in 1996, that has defined “marriage” as a legal union between opposite sex couples and has defined a “spouse” as a person of the opposite sex who is a husband or wife. Prior to 2013, marriages among individuals of the same sex have not […]

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LITIGATION ALERT: Potential Personal Liability for Unsigned Change Orders
October 19, 2013

The case of Scungio Borst & Associates v. Shurs Lane Developers, LLC presents a lesson for why you can’t play fast and loose with change orders. While this case presents some extenuating facts, the mere threat of personal exposure is enough for you to stand up and take notice. The plaintiff contractor alleged that it […]

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