2015 Small Business Tax Update

2015 Small Business Tax Update In the height of the economic downturn, Congress enacted several temporary tax incentives to spur economic growth.  Congress votes yearly whether to extend these incentives, make them permanent, or let them expire.  This year, several incentives were kept and some were allowed to expire.  This article provides general information on… Read more »

Servicemembers’ Civil Relief Act and Foreclosures

Servicemembers’ Civil Relief Act and Foreclosures In this video, Attorney Jason McGrath of McGrath & Spielberger discusses how members of the US Armed Forces may have some specific protections and rights in relation to foreclosures and related court proceedings.  Mr. McGrath and McGrath & Spielberger, PLLC handle both foreclosure cases in multiple states, including North Carolina and South Carolina.… Read more »

Mortgage Loan Debt Forgiveness

Is Canceled Mortgage Loan Debt Income that you are Taxed on? As an attorney with specific tax law knowledge who also works with borrowers to avoid foreclosure and/or to otherwise resolve mortgage loan problems, I deal with short sales, deeds in lieu of foreclosure, loan modifications, and mortgage loan settlements on a regular basis. Borrowers… Read more »

Do I Need a Trust?

Do I Need a Trust? There are multiple uses for a trust agreement.  They can be used for tax planning, privacy reasons, and to provide asset protection from the creditors of beneficiaries. Traditionally, trusts have been used mostly for tax planning; prior to the 2000s and the most recent tax changes, many more Americans needed… Read more »

S-Corp Tax Election for LLC

S-Corp Tax Election: Is it Right for Your LLC? As an attorney who happens to have an MBA and some specific tax law knowledge, and one who advises businesses on both day to day issues and tax matters, I know that if you’ve chosen (or will choose) an LLC as your business structure, it’s likely… Read more »

What are the tax implications of issuing reward points or coupons to your customers?

What are the tax implications of issuing reward points or coupons to your customers? This issue was recently discussed at the 2015 Tax Law Conference held by the Federal Bar Association in Washington, DC.  According to treasury regulations, a business that issues rewards, coupons, and the like with the sales of merchandise may deduct the… Read more »

Can the HOA (Homeowners’ Association) Foreclose on my Home?

Can the HOA (Homeowners’ Association) Foreclose on my Home? In this video, Attorney Jason McGrath discusses whether the Homeowners’ Association can foreclose on your property or not.  Mr. McGrath and McGrath & Spielberger, PLLC handle both “regular” and HOA foreclosure cases in multiple states, including North Carolina and South Carolina. McGrath & Spielberger, PLLC provides legal services in Florida, Georgia, North Carolina,… Read more »

What are the tax implications of child support and alimony?

What are the tax implications of child support and alimony? According to the IRS, child support is not included in the income by the recipient of child support, nor is it a deduction for the payor of the child support.  On the other hand, alimony is included in the income of the recipient and is… Read more »

Attorney Angel Oliver Earns her Master’s in Tax Law

Charlotte Business Journal’s Women on the Move: Attorney Angel Oliver Attorney Angel Oliver of McGrath & Spielberger, PLLC has earned her LL.M. in Taxation from Boston University and will be using her increased knowledge to assist clients with tax-related issues.   McGrath & Spielberger, PLLC provides legal services in Florida, Georgia, North Carolina, Ohio, Pennsylvania,… Read more »

Jason McGrath Interviewed Regarding Internet Security for Law Firms and their Clients

Jason McGrath Interviewed Regarding Internet Security for Law Firms and their Clients Law firms warned to be vigilant against cybercrime – The Charlotte Business Journal Jan 30, 2015 – The N.C. State Bar released ethics opinions about cybersecurity, and … so they can be more efficient,” says Jason McGrath,  partner at McGrath & Spielberger . .… Read more »