The Paley Rothman Blog
Paley Rothman shares this library of resources with clients and friends of the firm to help them stay ahead of legal and business developments and trends. Here, you will find helpful tips and tools written by our attorneys.
December 9, 2013
By
Deborah Cohn on December 9, 2013
The IRS updated the inflation-adjusted tax figures for 2014, increasing several federal gift tax annual exclusion amounts and the lifetime gift, estate and generation skipping tax exemption totals. Here are the specifics for each.
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November 12, 2013
By
Arnold Sherman on November 12, 2013
On October 31, 2013 in Notice 2013-71 the IRS announced a modification to the “use or lose” rule for Health Flexible Spending Arrangements (Health FSAs).
Health FSAs permit employers to reimburse employees for health care expenses, such as deductibles and co-pays. In general, these plans are funded by employees through salary reduction agreements.
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October 11, 2013
The Internal Revenue Code [IRC] allows taxpayers to take personal exemptions for themselves–and their dependents. In order to be legally eligible for an exemption, a dependent must be a “qualifying” child who meets the following criteria:
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September 4, 2013
By
Arnold Sherman on September 4, 2013
On August 29, the IRS issued its much-anticipated guidance explaining the effect of the Supreme Court’s June 2013 decision in U.S. v Windsor on the application of the sections of the Internal Revenue Code that refer to a taxpayer’s marital status.
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September 24, 2011
By
James Hammerschmidt on September 24, 2011
As part of the IRS Fresh Start initiative to help employers obtain a “fresh start” with their tax obligations, the agency has outlined a new program for employers to create a “low cost” resolution to prior worker classification issues by voluntarily reclassifying their employees.
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