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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,…

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…

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…