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Articles, tagged with "distributions", page 1

Bankruptcy Law

What Does a Bankruptcy Trustee Do?

08th March 2011
Many people who are contemplating filing bankruptcy ask the question, what exactly is the job of the bankruptcy trustee? Is he my friend or foe? Well the answer to this question is really quite simple, once you know the duties of a trustee. A bankruptc...
Author: Mitchell Sussman
Taxes

Roni Deutch Answers Common Questions About Bankruptcy and Tax Debts

12th January 2011
It is not uncommon for those calling my law firm about their IRS tax debt to ask about Bankruptcy. Will my tax debts be resolved by filing for bankruptcy? Unfortunately, there is no straightforward answer to this first question, as it will depend on...
Author: Roni Deutch
Taxes

What All Taxpayers Should Know About Early IRA Withdrawals

09th September 2010
Although the purpose of an IRA is to save for the future, it is not uncommon for taxpayers to ‘borrow' money from their account. Unfortunately, there are severe tax penalties that are assessed when you make an early withdrawal. Here are some tax implica...
Author: Roni Deutch
Business Law

Shareholder Oppression in New Jersey

30th April 2010
The New Jersey Shareholder Oppression Statute, N.J.S.A. § 14A:12-7, provides that when those in control of a corporation having 25 or fewer shareholders "have acted fraudulently or illegally, mismanaged the corporation, or abused their authority as offi...
Author: Samuel Goldman & Associates
Trusts

Disclaimer Trusts

24th March 2010
While there is a present lapse in the estate and generation-skipping transfer taxes, it’s likely that Congress will reinstate both taxes (perhaps even retroactively) some time during 2010. If not, on January 1, 2011, the estate tax exemption (which ...
Author: Julius Giarmarco, Esq.
Taxes

Understanding IRS Bank Account Garnishment

06th October 2009
Is money in your bank account safe from the IRS? If you think so you would be wrong. No, they are not going to take your money just to do so, but if you owe back taxes this is something that you may face in the future. This is known as bank account garnis...
Author: Matt Robinson
Estate Planning

Have a Will, But You Also Need a Trust

05th May 2009
You no longer have a need for a court Executor to manage your assets for people whom you've already named as recipients to your assets. After-death distributions under a living trust are usually implemented privately, and avoid probate. This works because...
Author: jesuscole