American Tax Relief Giving Back $16 Million To Clients

By Eric P. Rothenberg, Esq. – August 15, 2014 – According to today’s Boston Globe, the Federal Trade Commission (FTC) was able to get a federal judge to close down a company taking advantage of taxpayers needing tax relief from their debts to the IRS and state revenue agencies. American Tax Relief is giving back $16 Million to over 18,000 clients for making false promises to them. The FTC said American Tax Relief brought in over $100 Million charging individual taxpayers between $3,200 to $25,000. Not only did the owners of American Tax Relief have to give up all their assets, even the owner’s parents had to give up condominiums, jewelry and money. The FTC alleged that the company did not gather sufficient information from consumers to know whether they would be likely to qualify for either an Offer in Compromise or a penalty abatement. The FTC said not to

Did You Get Married This Summer?

By Eric P. Rothenberg, Esq. – Tax tips for the recently married or getting married before year end: Your filing status changed so change Form W-4 (withholding), address and name changes on Form 8822, change your name to the Social Security office, and forwarding addresses at the Post Office. Remembering to do these tasks will save you a lot of trouble when it comes time to file your annual tax returns. If you have any questions regarding your tax or estate planning contact attorney Eric Rothenberg.

Adult Guardianship in Massachusetts

By Eric P. Rothenberg, Esq. – When a loved one becomes disabled or otherwise unable to make rationale and sound decisions or communicate needs regarding their own health, safety or self-care, you should seriously consider having an adult guardianship appointed. The advocate is usually appointed in a written legal agreement drawn up by the attorneys of both parties, but if this legal document does not exist, the court of Massachusetts can step in to appoint a guardian for a disabled individual. In either case, guardianship must be approved by the court as legally binding. How to Determine if Legal Guardianship is Necessary Since every case is unique, it is up to loved ones to ultimately make the final decision whether an individual’s medical or physical impairment has rendered them unable to make cognitive decisions on their health, safety, and everyday needs. Examples of impairments can include, but are not limited

The Great Property (and Tax) Comeback

Attorney Eric Rothenberg was quoted in The Wall Street Journal recently in an article titled “The Great Property (and Tax) Comeback”. We’ve provided an excerpt below and you may read the entire article here. March 28, 2014 Higher real-estate prices normally spell good news for sellers, but there’s an associated cost that many tend to forget: A property will probably generate much higher estate taxes upon the owner’s death than it would have a few years ago. What’s more, estate taxes have been rising faster than property prices and asset values—and, some experts say, they are likely to rise even further. Yet some legal maneuvering may help cushion the blow. Some experts prefer the LLC route. Over time, it can allow for a “substantial wealth transfer at no cost to the parent,” says Eric Rothenberg, a tax attorney with a law firm based in Needham, Mass. But the big issue

The Importance of Proper Estate Planning and Reverse Mortgages

By Eric P. Rothenberg, Esq. – When a spouse dies, estate transfer is not always simple. Complications can arise for the surviving spouse. One area that can be challenging is when the first to die spouse took out a reverse mortgage on their home without putting the surviving spouse’s name on it. Often, the surviving spouse’s right to stay in their home is called into question. However, a recent ruling by a federal court will add protection for surviving spouses. Consider a brief summary of reverse mortgages and what this ruling means for those that utilize them. What is a Reverse Mortgage? Reverse mortgages are a type of Home Equity Conversion Loan utilized by people 62 or older. They are most often used when a couple own their home with a lot of equity but because they make little in income to support a mortgage, they cannot borrow money to

OARLawyers

American Tax Relief Giving Back $16 Million To Clients

Did You Get Married This Summer?

Adult Guardianship in Massachusetts

The Great Property (and Tax) Comeback

The Importance of Proper Estate Planning and Reverse Mortgages

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© 2024 by Orsi Arone Rothenberg Turner, LLP. All rights reserved.

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OARLawyers

American Tax Relief Giving Back $16 Million To Clients

Did You Get Married This Summer?

Adult Guardianship in Massachusetts

The Great Property (and Tax) Comeback

The Importance of Proper Estate Planning and Reverse Mortgages

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How Can We Help?

© 2024 by Orsi Arone Rothenberg Turner, LLP. All rights reserved.

Attorney Marketing by Bardorf Legal Marketing

Have A Question?