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The Hidden Dangers of Gifting to Family Members As people get older and retire, many express an interest in gifting to younger family members and sharing their savings with those who need help. A common misunderstanding about gifting stems from the IRS annual gift exclusion. Many of my clients correctly identify that any individual may…

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Are you ready for the new smoke detector requirements? Beginning on April 1, 2019, all new and replacement smoke detectors must be hard wired or have a non-removal battery with a minimum battery life of 10 years. Now would be a good time to update your old smoke detectors and to check to see if…

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Estate Planning and Asset Protection Free Seminar – June 25, 2019 You and a guest are invited to join us for this free Estate Planning and Asset Protection Seminar on June 25, 2019 at 6:00 PM at J&G, 158 Orange Avenue in Walden, NY. Register Here – Seating is Limited so reserving your spot is…

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Turning Applications Into Approvals:  How to get your tourism project approved With the massive influx of large-scale tourism to the Hudson Valley Region, including the Resorts World Catskills Casino in Monticello and Legoland in Goshen, an increasing number of hotels, shopping plazas, breweries, wineries, cideries, and restaurants are popping up to support these venues. If…

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Social Security Update Wage earners pay a percentage of their wages into the Social Security system. Those payments become part of the fund that is used to pay for people who have already retired, are disabled, or are survivors or dependents of workers who have died. Any unused portion of such payments become part of…

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Three Reasons Why an Attorney-CPA is better than a CPA Like most people I am often asked what I do for a living. I sometimes explain that I am both a tax lawyer and a CPA, (Attorney CPA) whereupon I usually get a reply like: “Oh”, accompanied by a look of confusion. “So you could…

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Drivers Licenses Suspended for Non-Payment of Taxes Taxpayers in New York can face a driver’s license suspension if the taxpayer owes $10,000 or more in taxes, penalties, or interest, and no resolution has been made to resolve the tax debt. When New York State identifies delinquent taxpayers, it sends a notice informing them that they…

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What Are Your Options if You Owe Taxes? If you have received an IRS delinquency assessment you will generally be given a month to pay the owed amount in full or else the IRS will consider collection actions against you. No one will show up at your door but rather you will continue to receive…

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Raise the Age Offenses of Minors Now Effective  Parents in the Hudson Valley need to know about an important change to the way New York’s criminal justice system treats young people charged with a crime.  Last year, New York enacted what is commonly known as the “Raise the Age Law.”  It went into effect on…

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Kara J. Cavallo, Esq. Joins Board of Children’s Rights Society, Inc. Kara Cavallo, Esq, Senior Counsel at Jacobowitz and Gubits, LLP (J&G) concentrating in civil litigation and appellate practice, was elected to the Board of Directors for the Children’s Rights Society, Inc. on September 26, 2018. The Children’s Rights Society, Inc., is a not-for-profit legal…

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