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HAVE YOU RUN OUT OF TIME TO BRING YOUR LAWSUIT? When a client approaches our office about a possible personal injury lawsuit, one of THE very first questions is: when did the accident happen? In the rare case, if it is more than a certain period of time, the statute of limitations has run out…

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How the New Tax Law May Affect Seniors For the 2018 income tax year, the fairly new Tax Cuts and Jobs Act (“Tax Act”) provides some important changes that will save seniors (or their accountants) money and aggravation while completing their 2018 income tax return. New Tax Brackets. To begin, the Tax Act keeps the…

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New Tax Law Makes Maintenance Payments Non-Taxable The Tax Cuts and Jobs Act enacted at the end of 2017 included changes to the treatment of maintenance payments in a divorces with marital dissolution agreements that are entered into or modified after December 31, 2018. Under the “old” law, which is now repealed, the maintenance paying…

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Nonprofit 102 – Free Seminar:  March 26, 2019 Do you server as a member of a nonprofit board? Registration Required: Join us for a free seminar designed for anyone who serves as an officer or member of the board of directors of a nonprofit organization or soliciting charitable contributions. Presenters:  Gary Schuster, Partner., and Kara…

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Community Medicaid: The At-Home Care Option Many Americans swear that they’ll never go to a nursing home. There is a stigma that it is a last resort option for people who are dying. In truth, many nursing facilities defy the stereotypes and provide positive environments where elderly people can live their final years productively with…

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Taxes, Pot and Your Business Taxes, Pot and Your Business. If you run a legal business selling medical marijuana, can you take federal tax deductions for business expenses allowed for any business? Out west, the answer is no and here is the explanation. Let’s start with an important caveat: Selling marijuana for recreational use in…

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Jacobowitz and Gubits Welcomes new Senior Counsel   Jacobowitz and Gubits LLP (J&G) is pleased to announce that Alanna C. Iacono, Esq., and Jennifer S. Echevarria, Esq. have been named senior counsel in the firm, both effective January 1, 2019. Alanna has been with the firm for five years and has served as an associate…

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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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