There are still things to discover about the 2017 Tax Reform passed by Congress late in that year.  The bar and the accounting community have spilled lots of ink over the changes to the law affecting alimony and many other lesser issues.  One of those issues is the temporary disappearance of the longstanding dependency deduction/exemption.  

I attended a seminar offered by accountant, Mitchell E. Benson, CPA, MT, CFF (Savran Benson LLP), Brian C. Vertz, Esquire (Pollock Begg) and Aliah Molczan (Savran Benson LLP) on July 9, 2020.  One of the topics discussed was the Payroll Protection Plan (PPP) loans, which were distributed in the second quarter of 2020 to allow

March 6 was the Emergency Declaration from the Governor.  March 19 was the stay at home order.  In the meantime, since March 15, a record 1.5 million Pennsylvanians have applied for unemployment.  That’s an average of 300,000 per week in contrast to roughly 10,000 a week before the crisis hit.  With the statewide shut down,

If you are watching the news today, (3/24/20) you have some impression of what New Orleans must have been like in the hours before Hurricane Katrina hit.  The Coronavirus storm is hitting New York City and the lower counties with a fury.  The numbers are rising fast throughout our region as well, although New York

In the perhaps “too many years” I have been reading and reporting on family law cases, there are times when a reported case inspires a collective shrug from the family law bar.  One prominent example is Beasley v. Beasley, a case that held that because a law firm was owned by a single lawyer,

Readers of this blog understand that, in the end, divorce is a financial transaction.  It is a process imbued with enormous emotional consequence.  People marry and have children hoping and often expecting the best.  We know it does not always turn out that way, and along the way, people turn to lawyers to develop a

In the divorce business, there are few alleys as dark as of the college financial aid.  We are commonly asked how separation and divorce may affect eligibility for student aid and loans.  The October 21, 2019 Wall Street Journal sheds some light on this murky subject and is worth a full read.  But, the main

Whenever I start these kinds of articles, I stop to ask, “Is this subject really relevant to the process of divorce?”   Separation and divorce are realities of modern day life.  Education of the children who come into this world through marriage is not just a major expense.  For any caring parent, it is also a

Just before Christmas last year, Congress passed and the President signed a major tax reform package that contained a surprising wrinkle.  It abandoned a decades long provision that permitted payors of alimony or spousal support to deduct their payments from income and required recipients to report the payments and pay tax on them.

The effective