IRS UPDATE: Validity of “Zero” Returns
On August 21, 2026, the Internal Revenue Service (“IRS”) released a redacted third-party communication (the “Communication”) addressing whether an initially filed Form 1065, U.S. Return of Partnership Income (the “Return”), was valid and therefore commenced the statutory limitations period for assessment. Although the Return identified the partnership’s owners, it reported…
Kulzer & DiPadova’s Attorneys recognized in 2027 edition of The Best Lawyers in America®
Kulzer & DiPadova is proud to announce that six shareholders have been recognized in the 2027 edition of The Best Lawyers in America®. Based on peer review, this distinction reflects the respect of fellow attorneys for their continued work across several practice areas. Congratulations to all of our attorneys on…
IRS Clarifies Long-Term Care Distributions from Defined Contribution Plans
Overview The IRS recently issued Notice 2026-33, which provides guidance on qualified long-term care (LTC) distributions under SECURE 2.0. Effective for distributions made after December 29, 2025, defined contribution plans may permit participants to withdraw funds to pay premiums for certified long-term care insurance. These distributions are exempt from the…
Trump Accounts: Clarification of the Federal Gift and Generation Skipping Transfer Tax Treatment and Reporting Requirements
More fully discussed in An Introduction to Trump Accounts and the Contribution Pilot Program, “Trump accounts” are a new type of traditional individual retirement account (IRA) created through the enactment of the One Big Beautiful Bill Act (OBBBA) that are specifically designed to enable families to build financial security for…
Glenn Henkel awarded the 2026 Camden County Harvey M. Mitnick Professional Lawyer of the Year
On June 11, 2026, Kulzer & DiPadova Shareholder Glenn Henkel was awarded the 2026 Camden County Harvey M. Mitnick Professional Lawyer of the Year. The award recognizes a lawyer or judge who demonstrates professionalism, integrity, exemplary conduct and meaningful contributions to the legal profession. Shown in Photo: K&D Managing Partner…
Michael R. Noto receives LL.M. in Taxation
Kulzer & DiPadova is pleased to announce associate Michael R. Noto received his LL.M. in Taxation from the New York University School of Law. This is an impressive accomplishment that reflects both dedication and a deep commitment to excellence in the practice of law. This milestone not only highlights his…
Unexpected Surprise for Trusts and Estates from the 2025 One Big Beautiful Bill Tax Act
An irrevocable trust (or an estate) files taxes on IRS Form 1041, U.S. Income Tax Return for Estates and Trusts. While some trusts can be treated as the “alter ego” of a grantor while the grantor is alive, many irrevocable trusts[1] eventually become separate tax-reporting entities. Historically, a trust has…
IRS Refund Applications in Response to Kwong v. United States
In Kwong v. United States, the U.S. Court of Federal Claims addressed whether a taxpayer’s lawsuit against the Internal Revenue Service (“IRS”) was timely after the IRS denied the taxpayer’s refund claim for penalties paid in 2007, 2010, 2011, 2015, and 2016. The Taxpayer filed his refund application in early…
Major Rule Update for Sellers of Commercial Real Estate
Plaintiff, One Main St. Edgewater, LLC (“Plaintiff”) contested the property tax classification for two of its properties located in Edgewater, New Jersey. Each property consisted of a six-story structure comprised of retail space on the ground level and residential rental apartment on the floors above. Both properties were classified…
Kulzer & DiPadova Welcomes Summer Law Clerk, Justin W. Berge
Justin Berge is joining Kulzer & DiPadova this summer as a Law Clerk. Justin is currently pursuing his Juris Doctor (J.D.) at Villanova Law School, where he is a member of the Villanova Corporate Negotiation Team and a Managing Editor for the Villanova Environmental Law Journal. He earned his bachelor’s…