Tax Advisors

2011 Special Filing Requirement for Pennsylvania Companies

By Gregory Allison | December 29, 2010

Every entity doing business in Pennsylvania, whether domestic or foreign, and whether a corporation, limited liability company, limited liability partnership,

Tax Advisors

Tax Credit for Energy Saving Improvements Set to Expire on December 31, 2010

By Gregory Allison | September 20, 2010

The American Recovery and Reinvestment Act of 2009 extended many consumer tax incentives originally introduced in the Energy Policy Act of 2005 (EPACT)

Estate Planning

Should Annual Exclusion Gifts Be Paid by Check?

By Gregory Allison | August 19, 2010

The Internal Revenue Code imposes a tax on the transfer of the taxable estate of each decedent who is a citizen or resident of the United States. A taxable

Tax Advisors

Can a Creditor Take Your Single-Member Limited Liability Company?

By Gregory Allison | July 19, 2010

On June 24, 2010, the Florida Supreme Court, in Olmstead v. FTC, ordered a debtor to surrender his interest in his single-member limited liability company (“LLC”) to satisfy an outstanding judgment against him individually. The debtor argued that the proper remedy is a charging order, which is an order whereby a creditor is entitled solely to distributions from the entity to satisfy his judgment and is not afforded management or control of the entity.

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