Shareholders Beware: What To Know About Reporting S Corporation Taxes
By Craig Panholzer & Michael L. Salad Many small businesses are taxed as S corporations because of tax benefits, such as the ability to avoid corporate tax on a business’s earnings. Unlike C corporations, S corporations generally do not pay federal income taxes at the corporate level. Alternatively, profits and losses are passed through to […]
Does a 529 College Savings Account Affect Medicaid Eligibility?
By Craig Panholzer & Michael L. Salad As back to school approaches for many, parents experience the inevitable emotional rollercoaster of sending their children to college. Joyful emotions are mixed with angst that comes with the first tuition bill. Many people set aside funds to pay for a child or grandchild’s college education through a […]
Cooper Levenson Partner Michael L. Salad named to Florida 2024 Super Lawyers Rising Stars List
Cooper Levenson partner Michael L. Salad was named to the 2024 Florida Super Lawyers’ Rising Star list, a designation awarded to just 2.5 percent of the lawyers in the state and published by a division of Thomson Reuters. “We applaud the hard work and skill that helped earn Mike this designation,” said Kenneth J. Calemmo, […]
Estate Planning & Administration: What You Need to Know
Our partner Michael Salad and Realtor Nancy Seltzer presented to a full house at Vico Kitchen Bar in Fort Lauderdale last week. The topic was estate planning and probate administration. A lively and interactive discussion!
Tax Lessons from the “Godfather”
“This is business not personal, Sonny!” the Corleone Family’s consigliere once exclaimed to Sonny Corleone, played by actor James Caan, in the critically acclaimed “The Godfather.” Recently, business became very personal to the beneficiaries of the Estate of James Caan. However, it was not the result of any action from the Tattalglia Family or Barzini […]
New Jersey 2023 Super Lawyers List Announced: Cooper Levenson Attorneys named to NJ Super Lawyers and Rising Stars Lists
May 11, 2023— Cooper Levenson partners Randolph C. Lafferty, Russell L. Lichtenstein, Jill T. Ojserkis, Joseph Mahon, and John A. Talvacchia were named to the 2023 New Jersey Super Lawyers list, a designation awarded to just 5 percent of the lawyers in the state and published by a division of Thomson Reuters. In addition, […]
New York’s Updated Nonresident Audit Guidelines Lowers the Threshold to Be Considered a New York Statutory Resident for Tax Purposes
In the two years since the outset of the COVID-19 pandemic, there has been a mass exodus of New Yorkers leaving the Empire State for warmer, more tax-friendly states such as Florida and Texas.[1] In fact, New York ranked third among states in which people moved from in 2021.[2] More than 33,500 New Yorkers moved to […]
Cooper Levenson Business & Tax Law Group Counsel Linode through Acquisition by Akamai Technologies
Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, announced it has completed its acquisition of Linode. On February 15, Akamai announced an agreement for Akamai to acquire Linode in exchange for approximately $900 million. Cooper Levenson, P.A. represented Linode with a corporate and tax team led by firm President Robert E. Salad and […]
Is Florida now a Community Property State?
On June 29, 2021, Governor Ron DeSantis signed into law Senate Bill 1070, known as the Florida Uniform Directed Trust Act (the “Act”), which expands Florida’s directed trust laws. A directed trust is a trust that appoints a third-party (often called a trust director or trust protector) to provide direction to a trustee regarding trust […]
The Crypto Estate
According to Google Trends, the amount of people searching “cryptocurrency” or “crypto” reached an all-time high this year. However, many people do not understand the intricacies or implications of cryptocurrency. Using and investing in cryptocurrency creates considerable estate planning and tax implications. Cryptocurrency is a form of digital currency that is used to purchase goods […]