Established in 1876, Capehart Scatchard is a diversified general practice law firm of over 90 attorneys practicing in more than a dozen major areas of law including alternative energy, banking & finance, business & tax, business succession, cannabis, creditors’ rights, healthcare, labor & employment, litigation, non-profit organizations, real estate & land use, school law, wills, trusts & estates and workers’ compensation defense.
With five offices in New Jersey, Pennsylvania and New York, we serve large and small businesses, public entities, non-profit organizations, academic institutions, governments and individuals.
For several years now, we have been hearing about “portability.” Do you know what it means? How does the term affect you? Simply stated, portability of the federal estate tax exemption between married couples means that if the first spouse dies and the value of the estate does not require the use of all of […]
We are in the first half of January and the scamming has already begun with scammers claiming to be from the IRS. This is the prime time of the year when thieves posing as the IRS call people and threaten them by saying that taxes are owed. Please don’t fall for these scams. Stay vigilant. […]
Are you required to make estimated income tax payments? Do you know if you are required to make estimated income tax payments? Are you aware that the final estimated tax payment toward 2022 income taxes is due January 17, 2023? For many taxpayers, they are employed and receive a Form W-2 which reflects their earned […]
Are you thinking about making some improvements to your home in 2023? Those improvements may bring you energy credits from the IRS if they meet certain criteria. Among the list of improvements that can qualify for credits are solar panels, solar water heaters, heat pumps, air conditioners, water heaters, hot water boilers, exterior doors, exterior […]
Knowledge is a taxpayer’s first line of defense against scammers who pretend to be from the IRS with the goal of stealing personal information. Here are some facts about how the IRS communicates with taxpayers:
You hopefully have an IRA, 401(k) (or another 401 account with a different letter), pension or another type of retirement account. But, do you know the differences? Here is a quick look at the differences: Pension – This is something that we are seeing less and less. Pensions are usually employer sponsored and employees receive […]
December is upon us and there are many things to accomplish. Where do we find the time? But, in spite of all of your tasks to be accomplished and their importance, I am sorry but I must add to that list things that really have a greater impact than holiday preparations. Here’s a list of […]
So, you have heard of Reverse Mortgages, but do you really understand what they are and how they can be helpful? Like most things – you hear good and bad comments about them. A reverse mortgage is unlike a purchase money mortgage or a refinance mortgage. So, what’s the difference? When someone buys real estate, […]
You may have encountered being asked if you wanted “backup withholding” when doing certain financial transactions. So, what is it? Backup withholding is when, during a financial transaction, there is a withholding of income taxes – federal or state – from the proceeds of the transaction. These withholdings are credited to the taxpayer’s tax account(s). […]
October through December of each year is the open enrollment period for Medicare. Many people aged 65 and older are on auto-pilot and just continue with the plans they have in place without regard for investigating if there are other options that could be more beneficial. First of all, Medicare is available when you attain […]
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