Kulzer & DiPadova, P.A.
76 E. Euclid Avenue, Suite 300
Haddonfield, New Jersey 08033-2342

P: 856.795.7744
F: 856.795.8982
E: info@kulzerdipadova.com

News, Articles & Resources

IRS Issues Notice Regarding SALT Workaround

IRS Issues Notice Regarding SALT Workaround
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Earlier this month Governor Murphy signed a bill (S1893) allowing municipalities, counties, and school districts to set up charitable funds to pay for public services. Residents who donate to the funds can receive a credit for up to 90% of the amount paid toward their property tax bills and the…

Million-Dollar Penalty Upheld for Failing to Disclose Foreign Financial Assets

Million-Dollar Penalty Upheld for Failing to Disclose Foreign Financial Assets
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In 2002, Letantia Bussell was criminally charged with concealing financial assets in offshore accounts.  Bussell was required to disclose her financial interest in an overseas account which she had to report in 2007 by filing a Report of Foreign Bank and Foreign Accounts (“FBAR”).  She failed to make the required…

How the New Qualified Business Income Tax Deduction Affects Attorneys

How the New Qualified Business Income Tax Deduction Affects Attorneys
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The New Law The Tax Cut and Jobs Act (the “Act”) was signed into law by President Trump December 22, 2017.  One of the main objectives of the Act was to reduce the taxation of business income.  The qualified business income deduction can provide significant tax savings for some attorneys…

Big Changes in Federal Tax Laws Have Not Reduced Charitable Deductions

Big Changes in Federal Tax Laws Have Not Reduced Charitable Deductions
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The Tax Cuts and Jobs Act (ACT) went into effect on Jan. 1, 2018. It will take several years to figure out the full impact of the ACT, but areas such as charitable deductions are clear. With the cap on state and local taxes of $10,000, the standard deduction for…

Service Announces Pending Closure of Offshore Voluntary Disclosure Program

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IR-2018-53 On March 13, 2018, the Service issued IR-2018-52, announcing its intention to close the Offshore Voluntary Disclosure Program (“OVDP”) effective September 28, 2018.  The Service’s stated intention for the issuance of IR-2018-52 is to allow United States taxpayers with undisclosed foreign accounts to use the OVDP before the program…

U.S. News – Best Lawyers® Ranks K&D Among “Best Law Firms” List Financial Planning Conference

U.S. News – Best Lawyers® Ranks K&D Among “Best Law Firms” List Financial Planning Conference
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Kulzer & DiPadova, P.A. is pleased to announce that U.S. News & World Report has ranked 5 of the firm’s practice areas among the top two metropolitan tiers for the state of New Jersey in their 2018 “Best Law Firms” publication.

Gauging the Height of the Specified Service Business Guardrail

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K&D shareholder, Daniel L. Mellor authored the following article, “Gauging the Height of the Specified Service Business Guardrail“, which appeared in the February 5, 2018  issue of Tax Notes. In this article, Mellor examines the key definitional element of the new 20% deduction for passthrough income under the recently-enacted Tax Cut and…

Status of the SALT Deduction

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Under the Tax Cuts and Jobs Act, signed into law by President Donald Trump on December 22, 2017, the itemized deduction for state and local taxes (“SALT”) has been modified for tax years after 2017. Taxpayers in high tax states, such as New Jersey, are the most dramatically affected. Those…

The Tax Consequences of Expatriation

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K&D shareholder Patrick J. McCormick authored “The Tax Consequences of Expatriation”, appearing in the November 2017 issue of the Journal of Taxation and the January 2018 Journal of International Taxation as their cover article.  Mr. McCormick specializes in all areas of international taxation, regularly assisting clients with all aspects of…

Meet Kulzer & DiPadova’s Newest Shareholder

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Kulzer & DiPadova, P.A. is pleased to announce the promotions of a senior associate. Daniel L. Mellor has been admitted as shareholders in the firm, effective January 1, 2018. “Our firm considers itself very fortunate to be able to welcome Dan, a highly qualified and dedicated attorney, as shareholders,” says Mike…

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