Archives for Clifford Scott Meyer

Clifford Scott Meyer

Clifford Scott Meyer

Partner / Philadelphia

P: 215-772-7445

Rauenhorst, Ferguson, and Assignment of Income to Charity

November 6, 2017

Tax Notes
By Clifford Scott Meyer

I. Introduction Under the venerable doctrine of Lucas v. Earl, a taxpayer who completes a gift of appreciated property after…

Bequeathing IRAs: The Case for Charitable Remainder Unitrusts

February 8, 2016

Tax Notes
By Clifford Scott Meyer

I. A Bold Claim For most healthy adult children of upper-middle-income families, the after-tax amounts to be received over a…

Vetting Charitable Gifts of Business Interests

February 3, 2015

The Legal Intelligencer

A significant transition in a closely held business, such as a sale or going public, often causes the owners to…

ABLE Act Benefiting Disabled Americans Passed by Congress

December 23, 2014

In its first major piece of legislation benefitting disabled individuals since the 1990 Americans with Disabilities Act, on December 16,…

Confronting Ambiguous Penalty Regs With the Rule of Lenity

August 4, 2014

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Montgomery McCracken Represents Comar, Inc. in Recapitalization with Graham Partners

October 29, 2013

Montgomery McCracken advised Comar, Inc. and its shareholders regarding a recapitalization transaction with private equity firm Graham Partners. The team,…

DOMA Section Declared Unconstitutional – But What Are The Ramifications?

June 28, 2013

The Supreme Court struck down Section 3 of the Defense of Marriage Act on June 26, 2013.  The Act (“DOMA”)…

Increased Estate And Gift Tax Exemption Made Permanent By The American Taxpayer Relief Act

January 17, 2013

On January 2, 2013, President Obama signed the American Taxpayer Relief Act.  The income tax provisions of the law have…

New Rules Provide Flexibility in Treatment of Replacement Costs for Building Components

December 18, 2012

Generally, taxpayers are permitted to deduct currently (or “expense”) the cost of repairs to property, but must capitalize the costs…

Montgomery McCracken’s This Year in Nonprofit Law in its 22nd Year

December 4, 2012

On November 28, Montgomery McCracken, along with Don Kramer’s Nonprofit Issues® presented the 22nd Annual This Year in Nonprofit Law,…

Time is Dwindling To Take Advantage of $5,120,000 Federal Estate and Gift Tax Exemption

October 1, 2012

Unless Congress and the President act before January 1, 2013 (or retroactively thereafter), as of January 1, 2013 the federal…

What Makes Up the Fiscal Cliff?

September 12, 2012

Much is in the news recently about the Fiscal Cliff.   Commentators say the US economy will dive unless Congress reverses…

New Tax on Investment Income Scheduled for 2013

June 27, 2012

In 2010, Congress enacted a new tax on investment income of individuals, estates and trusts that applies beginning in 2013. …

Tax Court Denies Deductions for Contributions of Conservation Easements

May 4, 2012

In several recent cases the United States Tax Court has denied or reduced charitable contribution deductions for contributions of conservation…

IRS Provides Program for Voluntary Reclassification of Independent Contractors as Employees

November 9, 2011

The IRS and employers have dramatically different interests in the classification of workers.  From the perspective of potential liability for…

IRS Provides Guidance on Economic Substance Doctrine

August 24, 2011

Penalties apply to transactions without economic substance. In July, the IRS gave direction to its examiners on when they can…

Expanded Form 1099 Reporting Repealed

May 10, 2011

Expanded Form 1099 Reporting Repealed. On April 14, 2011, the President signed into law a repeal of the expanded Form…

Individuals Must Report Foreign Financial Assets

December 23, 2010

Individuals Must Report Foreign Financial Assets Beginning in 2011, any individual who holds an interest in “specified foreign financial assets”…

Client Alert from Tax Practice

October 4, 2010

Codification of Economic Substance Doctrine Brings Increased Penalties for Aggressive Tax Transactions The 20% accuracy related penalty now applies to…

Bracket Shifting Gifts and “Death-Bed Planning” in 2010

August 4, 2010

Death and taxes may both be certain, but in 2010 the rules governing death taxes are anything but certain.  The…

Tax Updates on Health Reform and Foreign Financial Interests

July 29, 2010

  High Income Taxpayers Shoulder Burden of Health Reform Beginning in 2013   To pay for the new health reform…

Co-venturing Can Create Benefits for Business and Charity But May Be Regulated By Disclosure Laws

June 25, 2010

Charities and for-profit businesses can often cooperate on promotional efforts that increase the sales of the business and generate substantial…

Estate Planning Opportunities for 2010—Act Now!—Limited Time Offer!

March 29, 2010

The failure of Congress to address the federal estate, gift and generation skipping tax prior to January 1, 2010 creates…

What ever became of the Federal Estate Tax?

February 24, 2010

Much to the surprise of practitioners in the estate planning area, Congress did not, prior to the end of 2009,…