By Sandra D. Mertens, Esq. Generative AI programs such as Chat GPT have been around for several years now and legal clients often conduct their own research using generative AI or attempt to shortcut legal fees by asking AI...
Category: Tax Corner
By Sandra D. Mertens, Esq. Estate taxes have made the news over the last year since President Trump’s One Big Beautiful Bill Act increased the lifetime exemption amount (i.e., the “unified credit”) to $15 million for...
Question: I will be soon be entering into a settlement agreement with my former employer for wages that were wrongfully withheld from me. Can I deduct the legal fees I have spent on this case?
Question: My company maintains a buy sell agreement funded by insurance. What must I do in light of the recent U.S. Supreme Court decision?
Question: My accountant failed to timely file my income tax return through the e-filing system and I was assessed late filing and late payment penalties by the IRS. Can I get these penalties abated?
