Pass-through tax entities beware! Under the Bipartisan Budget Act (“Act”),¹ beginning in tax year 2018, by default, partnerships (and entities choosing to be taxed as a partnership for federal income tax purposes)² will now be responsible for the income tax underpayments, interest and penalties of its partners. If you own an interest in a pass-through … Read More

Flying remote-controlled airplanes was much easier years ago.  My brother and I had only two simple rules. The first was that we could never land in the Maguires’ yard.  The Maguires’ dog Shultz, an extremely large and vicious German Shepard (at least in the eyes of two small, young boys), patrolled their yard for intruders.  … Read More

Hollywood glamorizes the courtroom battle. As is the case with most things produced by Hollywood, reality is far removed from what appears on the screen. Litigation is frequently a drawn out process that can become frustrating for the parties involved in the case. It most often severs any future relationship between the parties. The final … Read More

In Boehm v. Riversource Life Insurance Company and James Day II, 117 A.3d 308( Pa Super. 2015), the Pennsylvania Superior Court decided a case of first impression in Pennsylvania dealing with a fraud claim under the Unfair Trade Practices and Consumer Protection Law (UTPCPL).  The Court was asked to determine whether such a claim had … Read More

Buying a new home often conjures exciting images of more space, a bigger yard, an attractive neighborhood, and the like. Homebuyers should temper their excitement with a bit of caution to make sure they are aware of potential pitfalls before the agreement of sale is signed. Once the agreement is signed, it can be tough … Read More

On December 19, 2014, President Obama signed the Achieving a Better Life Experience Act (“ABLE Act”) into law. The ABLE Act amends Section 529 of the Internal Revenue Code, and under the amended statute, individuals with disabilities and their families and friends can establish income tax free savings accounts for qualified expenses and remain eligible … Read More

When Mack learned that his Aunt Grace (all names changed except the author) passed away in October 2008, he expected to receive a letter from the attorney representing her estate indicating that he and her other nephew, Joe, and two nieces, Alice and Fran, would receive equal shares of Grace’s estate, as per her Wills … Read More

For many years, penny-pinching small businesses resisted profit-draining health insurance plans. Instead, many chose to reimburse employees for their purchase of a personal health insurance policy. Historically, these premium reimbursements have not been treated as income to the employees, offering a low cost alternative to expensive health care plans. The Internal Revenue Code provided that … Read More

Non-compete agreements, also known as covenants not-to-compete or simply non-competes, can be a particularly sensitive issue to both employer and employee. The employer will want to maximize the protection of its interests while the employee needs to ensure that his freedoms are protected. Non-compete agreements can be vital to business interests, particularly where an employer … Read More

Recent news headlines of attorneys stealing from their clients have caused great embarrassment to the legal profession. Fortunately, these instances are the exception. The vast majority of attorneys and law firms view client money as sacrosanct and implement the highest standards of care in guarding these funds. It is important for all of our current … Read More