How to Estate Plan During a Pandemic
Creating an Estate Plan During Unusual Times Between March and August 2020, the unemployment rate in the United States has remained above 10%. Furthermore, the COVID-19 pandemic has likely made it difficult to seek out legal or other services in your community....
Your Small Business Can Still Be Audited During the Pandemic
Can Your Business Be Audited During the COVID-19 Crisis? Normally, about 2.5% of small businesses are audited by the IRS. However, these numbers have dropped during the COVID-19 crisis as the IRS refrained from initiating new audits for a time. However, you are still...
What Are the Paid Sick Leave and Family Leave Credits?
Understanding the New COVID-19 Tax Credits for Small Businesses The COVID-19 pandemic has put a lot of strain on businesses that need to pay operating expenses without having much income. Since the beginning of March, 72,842 businesses have permanently closed....
How CARES Helps Small Businesses Through Taxes
3 Ways the CARES Act Impacts Your Business Taxes The Coronavirus Aid, Relief, and Economic Security Act, which was passed in March of 2020, extended $2.2 trillion in economic stimulus to all Americans impacted by the COVID-19 pandemic. If you own a New Jersey small...
Don’t Stop Thinking About Tomorrow: What You Need To Know About The Basic Estate Planning Documents
by Matthew B. Dopkin, Esq. Everyone, regardless of the size of their estate, should have an estate plan consisting of at least four basic documents. These four documents — a will or trust, a financial power of attorney, a health care power of attorney and a living...
When Business Stage Left Is Calling, What’s Your Exit Strategy?
by Matthew B. Dopkin, Esq. “I started a business with an old high school friend twenty-five years ago. The first few years were challenging, but with some hard work and a little luck, we built an extremely successful business over the years. My youngest son will...
Expanded Form 1099 Reporting Requirements Repealed
By Matthew B. Dopkin, Esq. On April 14, 2011, the President signed into law H.R. 4, the Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 (“the Act”). The Act repealed the expanded 1099 reporting requirements for...
Medicaid Basics
March 8, 2013 by MDOPKIN Understanding the Language of Medicaid Coverage Medicaid coverage can be difficult to understand. Part of the difficulty is that it has a language of its own, full of technical terms that have very specific meanings. In this post, we’ll define...
Medicare Basics Part 2
February 6, 2013 by MDOPKIN Need Help Paying Medicare Part D Premiums, Copays & Deductibles? Even with the best of Medicare coverage, you can expect that it will not cover all the costs that an elder will spend for health care and prescription drugs. The rest will...
Court Strikes Down IRS Tax Return Preparer Registration Program
January 25, 2013 by MDOPKIN The United States District Court for the District of Columbia struck down the IRS’s Registered Tax Return Preparer program and enjoined the IRS from enforcing their related regulations. The Court issued a Memorandum Opinion in Sabrina...