STATE PLANNING USING 1031 EXCHANGES AND DELAWARE STATUTORY TRUSTS: Section 1031 of the U.S. Tax Code allows investment property owners to defer capital gains taxes and depreciation recapture by exchanging their relinquished property for “like-kind” replacement property.

Pell vs. Non-Pell: Loan forgiveness of up to $10,000 is available to non-Pell Grant recipients and up to $20,000 for Pell Grant recipients. Only Federal Student loans are able to be forgiven. Loans held through a private lender are ineligible for this program.

Did you know a business bank account doesn't have the same protections as a personal bank account when it comes to fraud? If a hacker takes money from your business account, the bank is NOT responsible for replacing it. Many people erroneously believe the FDIC protects you from fraud; it does not.

Even though no one wants to imagine themselves incapacitated by trauma or disease, it happens to people every day. Medical advance directives are legal documents that outline the details of your advance healthcare planning.

When it comes to home ownership, the IRS considers a home to be a house, condominium, cooperative apartment, mobile home, houseboat, or house trailer that contains a sleeping space, toilet, and cooking facilities.

Now that you've sent your child(ren) off to college, you and your child(ren) will need to take some simple steps to ensure that, in the event of an emergency, you will be able to make health care and financial decisions for your child(ren) and have access to your child(ren)’s medical information and financial account if your child(ren) are age 18 or older. The same is true if you are to have access to your child(ren)’s educational records.

SEPTEMBER IS NATIONAL PREPAREDNESS MONTH: Everyone, from individuals to organizations and businesses, can start now

What do printer ink, client lunches, and shipping costs all have in common? They're business expenses—the costs incurred while operating your business. And, as long as you run a for-profit company, you can deduct many of these expenses from your taxable income to help your business's finances at tax time.

On July 14, 2022, the New York City Council introduced legislation that would allow employees to file a civil action against their employers to enforce their rights under the New York City Earned Safe and Sick Time Act. Currently, employees seeking recourse are limited to filing an administrative complaint with the New York City Department of Consumer and Worker Protection.

A proposed bill in New York City would give employees a private right of action under NYC's Paid Safe and Sick Leave Law.

If you leave no Will or your Will is declared invalid because it was improperly prepared or is not admissible to probates, there are a myriad of things that can go horribly wrong.

While we wait for the outcome of Dobbs v. Jackson Women's Health Organization, there are some crucial employment-related factors to keep in mind.