Among the more significant tax law changes made by the “Setting Every Community Up for Retirement Enhancement Act of 2019,” also known as the SECURE Act, enacted as Division O of P.L. 116-94, H.R. 1865, the “Further Consolidated Appropriations Act,...
Revised O.C. Forms OC-1 through OC-5 and RW-03 through RW-10, that were approved as part of “Order Amendment Rules 1.7, 1.8, 2.1, 2.5, 2.7, 3.5, 3.7, 4.3, 4.6, 5.1, 5.3, 5.4, 7.1, 10.1, 10.5, and the Index of the Appendix … Continue reading
The National Elder Law Foundation has been reaccredited as a certifying organization for elder law for a period of five years beginning on January 26, 2020. “Accreditation of the National Elder Law Foundation as a Certifying Organization for Elder Law; … Continue reading
The Internal Revenue Service has published final regulations on the changes to the federal estate and gift tax basic exclusion amount (BEA), which doubled from $5 million to $10 million in 2018, but will return to $5 million in 2026. … Continue reading
For some reason, the web addresses (also known as “uniform resource locators” or “URLs”) of the on-line versions of the Pa. Bulletin and the Pa. Code (regulations) have changed. The Pa. Bulletin had been “pabulletin.com” and the Pa. Code had … Continue reading
The Internal Revenue Service has published proposed regulations that include new life expectancy tables for minimum required distributions under I.R.C. § 401(a)(9), which applies to both qualified retirement plans and individual retirement accounts. “Updated Life Expectancy and Distribution Period Tables … Continue reading
The Internal Revenue Service has released Rev. Proc. 2019-44, which contains the inflation adjustments to tax brackets, the federal estate tax exclusion amount, and other numbers for use in 2020. The inflation adjustments published by the IRS are the same … Continue reading
The Supreme Court has entered an order adopting amendments to Pennsylvania Orphans’ Court Rules as well as changes to some of the forms used by the Orphans’ Court and Register of Wills. The report of the Orphans’ Court Procedural Rules … Continue reading
New final regulations have been filed with the Federal Register by the Internal Revenue Service providing guidance on the reporting of life insurance sales or proceeds under new IRC section 6050Y and the changes to the transfer for value rules … Continue reading
The Supreme Court has amended the Financial Regulations of Title 204 of the Pennsylvania Code to increase filing fees by $2.00, from $17.00 to $19.00, for (among other things) petitions for grant of letters and first filings in petitions concerning … Continue reading