by Tyler B. Korn, Esq. | Jul 27, 2009 | Articles
“Why is divorce so expensive?” is a question that attorneys often hear. Experienced family law practitioners usually respond “Because it’s worth it.” Indeed, costs to the client often continue well after legal fees are paid because of unanticipated tax costs....
by Tyler B. Korn, Esq. | Jul 16, 2009 | Articles
Non-U.S. persons engaging in a U.S. trade or business are often surprised to learn that a timely filed U.S. return is required in order for them to obtain the benefit of otherwise tax deductible items. Businesses and individuals that are simply unaware of their U.S....
by Tyler B. Korn, Esq. | Jul 15, 2009 | Articles
A federal tax lien imposed for failure to pay an assessed tax deficiency generally applies to all of the tax debtor’s non-exempt property. Property exempt from levy includes unemployment benefits, certain annuity and pension payments, worker’s compensation, judgments...
by Tyler B. Korn, Esq. | Jul 15, 2009 | Articles
Shareholders of closely held corporations are often asked to guarantee loans made to their corporations by lending institutions and third parties. Before a shareholder agrees to serve as guarantor, endorser or indemnitor of a debt obligation, the shareholder should...
by Tyler B. Korn, Esq. | Jul 15, 2009 | Articles
Contributions of property or money to a partnership are usually non-recognition events if the contributions are in exchange for a partnership interest – meaning that the contributions are tax-free both to the contributing partner and to the partnership. This...
