IRS Voluntary Classification Settlement Program The IRS has published a notice and details regarding a new Internal Revenue Service Voluntary Classification Settlement program that provides partial relief from federal employment taxes for eligible taxpayers that agree to prospectively treat workers as employees. Read More

NJ Bulk Sales Law Revised On September 14, 2011, Governor Christie signed into law A-2748. The new law exempts individuals, estates and trusts from bulk sales notification requirements that would otherwise apply to the purchasers of one- and two-family residential and certain seasonal rental properties. Corporations, partnerships and LLC’s involved in the purchase of one- and two-family residential and seasonal rental properties are still subject to bulk sales requirements. Read More

2011 Offshore Voluntary Disclosure Deadline An Augist 31 deadline looms for U.S. taxpayers hiding income in undisclosed offshore accounts. They are running out of time to take advantage of a soon-to-expire opportunity to come forward and get their taxes current with the Internal Revenue Service. Taxpayers with undisclosed offshore accounts have until August 31 to voluntarily come forward and pay tax on the undisclosed assets. Taxpayers hiding assets offshore who do not divulge the income could face higher penalties and potential criminal charges compared to those who come forward. Read More

December 2010 Tax Law Makes Estate Tax Changes On December 17, 2010 President Obama signed into law the “Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010.” The new law cuts federal estate and gift taxes for two years. The temporary federal estate and gift tax law, in place since 2001, was set to expire on January 1, 2011. The new law extends and modifies the federal estate and gift tax for two years by establishing a $5 million estate, gift and generation skipping tax exemption and setting the estate tax rate at 35%. On January 1, 2013 the law is scheduled to revert to a $1 million estate tax exemption and 55% maximum tax rate of pre-2001 law. Read More

President Signs Small Business Tax Bill President Obama signed H.R. 5297, the Small Business Lending Fund Act of 2010. The bill includes eight new small business tax cuts – all effective immediately, and applying to small businesses’ taxes for 2010 – providing an immediate incentive for businesses to make new investments and expand. Read More

New Jersey Announces Private Ruling Procedures Beginning September 15, 2010, the New Jersey Division of Taxation will initiate a private letter ruling procedure. The new procedure will allow taxpayers to obtain a written determination from the Regulatory Services Branch of the Division. The private rulings will be based on the law and Division policies in effect as of the date of the letter ruling or for a period of time specified in the ruling request. Read More

New Jersey Voluntary Compliance Policy Improved New Jersey's Voluntary Disclosure Program allows certain taxpayers to come forward and file appropriate tax return(s), registration materials, and to pay outstanding tax obligations when they determine that their activity creates a taxable presence, or nexus, for New Jersey state tax purposes. The Division of Taxation has announced a return to a general look-back period is four years (three prior years and the current year) for applications under the state's Voluntary Disclosure Program. Read More

New Jersey Unclaimed Property Law Expanded New Jersey modified its unclaimed property laws to adjust the time periods for presumptions of abandonment, limit issuer imposed dormancy fees, and provide for related administration of certain unclaimed property. The new law extends the state's uncliamed property rules to "stored value cards" - more commonly known as gift cards, gift certificates and similar instruments. The new law protects New Jersey consumers from certain commercial dormancy fee practices and modernize the State’s unclaimed property laws. The changes are effective as of July 1, 2010. See Public Law 2010, Chapter 25. The new law has raised a number of technical and policy concerns. Chief among the concerns is the constitutionality of the provision requiring companies headquartered outside of New Jersey to turnover to New Jersey the value of stored value cards held by persons whose residence is unknown. Read More

President Signs Homebuyer Credit Extension On July 2, 2010, President Obama signed the Homebuyer Assistance and Improvement Act of 2010 (H.R. 5623). The bill permits first-time homebuyers to qualify for the $8,000 credit. It also allows homeowners who have lived for five years in their current residence to purchase a new home and receive a credit of $6,500. In both cases, the buyers must have signed a contract for purchase by April 30. Read More

Estate Planning in 2010 - K&D Video As 2009 drew to a close, most trust and estate practitioners believed that Congress would freeze the estate tax threshold at the 2009 exemption and rate structure of $3.5 million. This “fix” never happened! As a consequence, for individuals who pass away in 2010 there is presently no estate tax and new complicated rules for computing gain and loss from the sale of property inherited after 2009 have become effective. Read More

 

Douglas R. Madanick Named Shareholder

Kulzer & DiPadova is pleased to announce that it has admitted Douglas R. Madanick as a shareholder in the firm.

Mr. Madanick received his law degree and his Masters of Law in Taxation from the Temple University Beasley School of Law.  His areas of specialty include tax planning, tax compliance and estate planning and administration.

"Doug brings dedication and a focus on successful outcomes to his practice and to the firm as a whole." says Mike Kulzer, founding member of the firm. "He is a welcome addition to the partnership."

Kempter and Madanick to Present at NJCPA Professional Development Conference

Joseph M. Kempter and Douglas R. Madanick of Kulzer & DiPadova attorneys will present a tax program to the New Jersey Society of CPAs Professional Development conference to be held November 9-13, 2011 in San Antonio, Texas.

This session will cover all legislative, judicial and regulatory developments of the past year with a focus on implementation and compliance. Kempter and Madanick will review the updates affecting individuals, business entities, estates and trusts, retirement plans and more.

Additional program and registration information is available at the NJCPA website.  Click here.

Henkel Designated by State Bar to Present Amicus Position to NJ Supreme Court

New Jersey State Bar Association President Susan Feeney, Esquire has designated Glenn A. Henkel Esquire to present the State Bar arguments to the New Jersey Supreme Court in the case, Tannen v. Tannen. The matter will be heard in September, 2011.

Mark and Wendy Tannen were in the process of a divorce and Wendy was the beneficiary of trusts established by her parents. The New Jersey Supreme court will be considering the effect of such Trusts on the marital breakup.

The New Jersey State Bar Association asked to provide comments to the Court (an "amicus" brief) to discuss and explain the use of trusts in estate planning and how this ruling could change the estate planning landscape for New Jersey residents. Mr. Henkel will be presenting the comments to the Supreme Court on the use of trusts in New Jersey.

Kempter Presents at the SFSP-SJC Breakfast Meeting

Joseph M. Kempter, J.D., LL.M., CPA presented at the Society of Financial Service Professionals-South Jersey Chapter Breakfast Meeting held on October 11, 2011 at The Mansion at Main Street, Voorhees, New Jersey. Joe's presentation, "What every business owner and advisor needs to know about their (or their clients') retirement plan" included a discussion of plan design, plan document issues, compliance issues including common failures and methods of correction and reporting and disclosure requirements including the DOL's new participant fee and service provider fee disclosure rules.

Additional information regarding the program can be found on the SFSP-SJC website.  Click here.

 

Daniel L. Mellor Joins K&D

Kulzer & DiPadova is pleased to announce that Daniel L. Mellor has joined the firm as an assoicate.

Mr. Mellor earned his J.D. at George Mason University School of Law in Arlington, VA and will receive a Master of Laws (LL.M.) in Taxation and a Certificate in Estate Planning from the Temple University Beasley School of Law, Philadelphia, PA in January 2011.

Mr. Mellor is a member of the Bar of the State of New York and anticipates admission to the Bars of the State of New Jersey and the Commonwealth of Pennsylvania by the close of 2010. He is also a member of the American Bar Association, New Jersey State Bar Association, New York State Bar Association, and Mercer County Bar Association.

US News & World Report names K&D among  Best Law Firms in New Jersey - 2010

U.S. News & World Report has named Kulzer & DiPadova to its 2010 Best Law Firms list.  Kulzer & DiPadova was included among the best firms in New Jersey for Estates and Trusts (Tier 1) and Tax law (Tier 3).  The annual list showcases law firms in 81 practice areas throughout the United States.

Lawyers from Kulzer & DiPadova have also been selected by their peers for inclusion in The Best Lawyers in America® 2010.

Kulzer & DiPadova, P.A. limits its practice of law to matters of federal and state taxation, wills, trusts and  estates, gift and generation tax planning and litigation.  The firm also assists its closely owned business clients with various transactions, including acquisitions, sales and combinations, employment and employee benefit matters.

The methodology for the U.S. News - Best Lawyers "Best Law Firms" involved surveying thousands of law firm clients; leading lawyers and law firm managers; partners and associates; and marketing officers and recruiting officers. Each were asked what factors they considered vital for clients hiring law firms, for lawyers choosing a firm to refer a legal matter to, and for lawyers seeking employment.

Seven from K&D Recognized as Super Lawyers in 2010

Seven attorneys at Kulzer & DiPadova were recognized by New Jersey Super Lawyers magazine in 2010.

Five attorneys were recognized as New Jersey Super Lawyers for 2010 and two attorneys were recognized as New Jersey Rising Stars for 2010.

Five Kulzer & DiPAdova attorneys were recognized as New Jersey Super Lawyers for 2010:  Arthur A. DiPadova, Esquire, James B. Evans, Jr., Esquire, Glenn A. Henkel, Esquire, Michael A. Kulzer, Esquire and Robert H. Williams, Esquire

Two Kulzer & DiPAdova attorneys were recognized as New Jersey New Jersey Rising Stars for 2010:  Joseph M. Kempter, Esquire and Douglas R. Madanick, Esquire 

About Super Lawyers Magazines

Law & Politics publishes Super Lawyers magazines across the country. Super Lawyers can be found online at superlawyers.com, where lawyers can be searched by practice area and location.

Five from K&D selected for Best Lawyers in America® 2010

Five lawyers from Kulzer & DiPadova were recently selected by their peers for inclusion in The Best Lawyers in America® 2010.  Since its inception in 1983, Best Lawyers has become universally regarded as the definitive guide to legal excellence and inclusion in Best Lawyers is considered a singular honor.

Arthur A. DiPadova, Esquire was selected for inclusion in The Best Lawyers in America® 2010 in the fields of taxation and trusts & estates.

James B. Evans, Jr., Esquire was selected for inclusion in The Best Lawyers in America® 2010 in the field of taxation.

Glenn A. Henkel, Esquire was selected for inclusion in The Best Lawyers in America® 2010 in the fields of taxation and trusts & estates.

Michael A. Kulzer, Esquire was selected for inclusion in The Best Lawyers in America® 2010 in the field of taxation.

Robert H. Williams, Esquire was selected for inclusion in The Best Lawyers in America® 2010 in the field of taxation.

Best Lawyers is based on an exhaustive peer-review survey in which more than 32,000 leading attorneys cast almost two million votes on the legal abilities of other lawyers in their specialties, and because lawyers are not required or allowed to pay a fee to be listed, Corporate Counsel magazine has called Best Lawyers “the most respected referral list of attorneys in practice.”

 

 

 

Michael A. Kulzer Arthur A. DiPadova James B. Evans, Jr. Robert H. Williams Glenn A. Henkel Ronald M. Warren Joseph T. Kenney Joseph M. Kempter Eric A. Feldhake Douglas R. Madanick Daniel L. Mellor Barbara A. Kulzer

Welcome      Attorneys      Practice      Articles