Gelman, Rosenberg & Freedman » GRF Blog

Making a Difference, One Walk at a Time

Sam Webster — Wed, 01 May 2013 15:20:34 +0000

On the morning of Saturday, April 20, nine of us headed downtown by the Washington Monument grounds to support the Epilepsy Foundation. The walk officially started at 9 a.m. and we walked about three miles to show our support for the work that the Foundation does in support of people suffering from epilepsy. Even though [...]

Four Automated Clearing House Fraud Prevention Strategies Businesses Must Discuss with Their Financial Institutions

Sam Webster — Thu, 08 Nov 2012 19:10:03 +0000

One increasingly prevalent form of theft is automated clearing house fraud, which occurs when businesses’ online financial transactions are hacked by individuals seeking to steal or embezzle funds. Automated Clearing House (ACH) refers to an electronic network for financial transactions in the United States that incorporates direct deposit payroll, vendor payments, and consumer payments of [...]

The Expiration of the Bush Tax Cuts: What it Could Mean for Your Tax Rates

Sam Webster — Mon, 20 Aug 2012 14:33:47 +0000

Healthcare reform may have dominated the media recently but, as far as your taxes are concerned, a much broader storm awaits: the potential expiration of the so-called Bush Tax Cuts scheduled to take place on December 31, 2012. These tax cuts have a far reaching effect on the majority of Americans, affecting estate taxes as [...]

Inspired by Exemplary Nonprofit Leadership – Participating on the EXCEL Award Selection Committee

Sam Webster — Fri, 10 Aug 2012 15:09:39 +0000

Yesterday, I helped review the applications of 41 nonprofit executive leaders in the Washington, DC metropolitan region who were nominated to receive an Excellence in Chief Executive Leadership (EXCEL) award. Gelman, Rosenberg & Freedman has sponsored the EXCEL award, which is administered by the Center for Nonprofit Advancement, since 2006 and every year our accounting [...]

IRS Offshore Voluntary Disclosure Program Collects More than $5 Billion in Tax Obligations

Sam Webster — Tue, 17 Jul 2012 17:59:49 +0000

The IRS announced on June 26 that is has now collected more than $5 billion in revenue from its offshore voluntary disclosure program (OVDP), which seeks compliance from individuals who had not previously reported offshore accounts. The OVDP first launched in 2009 for a limited period of time, was reopened in 2011 and then, following [...]

Updates to Mid-year Tax Planning Letter in the Aftermath of NFIB v. Sebelius

Sam Webster — Wed, 11 Jul 2012 21:11:03 +0000

We recently posted about the possible tax ramifications of NFIB v. Sebelius, the Supreme Court case that would decide the fate of the Patient Protection and Affordable Care ACT (PPACA), President Obama’s signature piece of healthcare reform. With the majority of the law’s provisions upheld in the Court’s 5-4 ruling (the only major provision struck [...]

PPACA Primer: The Health Care Law and your Tax Liability

Sam Webster — Mon, 25 Jun 2012 19:32:46 +0000

Planning for your taxes can be tough enough under the best circumstances given constantly shifting tax laws and government regulations. 2013, however, poses a few unique hurdles that could potentially have very far-reaching tax consequences, including the implementation of the tax provisions of the Patient Protection and Affordable Care Act (PPACA), the health care legislation [...]

Tax Considerations for Attorneys Who Become Partners

Sam Webster — Fri, 25 May 2012 16:18:52 +0000

Congratulations!! You have achieved your professional goal of becoming a partner in your law firm. In addition to the many professional and personal requirements that you now have upon achieving partner status, your individual federal and state tax requirements and filings will be extremely complicated. Since most law firms operate as limited liability partnerships you [...]

Welcome to GRF’s new blog!

Sam Webster — Thu, 26 Jan 2012 16:19:05 +0000

Along with our new website, Gelman, Rosenberg & Freedman is also launching a blog! Through firm updates, commentary on ever-changing laws and regulations and insights from the firm’s partners, we hope this blog will provide a useful addition to the many resources we already provide for our clients and visitors. We’re still working on building [...]