Monthly Archives: October 2013

What Real Estate Companies Can Do To Avoid Being the Unwitting Accomplices of Money Launderers by Richard Fechter

Posted on October 31, 2013 by Richard Fechter

  There is a heightened risk that real estate companies face in becoming unwitting accomplices in money laundering, particularly in South Florida as foreign buyers pour cash into the area’s housing market. In fact, the South Florida Business Journal recently reported that in the first half of 2013, 73 percent of condo re-sales by dollar […]

Accounting for Troubled Debt Restructurings in a Changing Market by Christopher Cichoski

Posted on October 22, 2013 by John Young

The Great Recession left a mountain of delinquent loans in its wake. In response, lenders have taken foreclosure actions against borrowers and modified existing loans at a record pace. Restructuring troubled debt enables lenders to protect as much of their initial investment as possible while providing borrowers greater flexibility to meet their financial obligations. However, […]

Celebrating Our Successes

Posted on October 18, 2013 by Richard Berkowitz

At Berkowitz Pollack Brant we believe in working hard and celebrating our successes. Our annual end-of-busy season gathering at Joe’s Stone Crabs is a chance for us to spend an afternoon enjoying each other’s company, sharing delicious food and being proud of the work we do for clients.   It is one of the ways […]

New Investment Income Surtax Shines Spotlight on Treatment of Passive Business Activity Losses in 2013 by Steve Messing

Posted on October 07, 2013 by Steve Messing

Among the tax changes that went into effect on Jan. 1, 2013, is a new 3.8 percent surtax on net investment income of individuals, trusts and estates and personal service corporations. Also referred to as the Medicare Contribution Tax, it affects many high-income tax filers, including those operating pass-through businesses, such as S corporations, partnerships […]

The Impact of the Government Shut Down on Tax Deadlines

Posted on October 03, 2013 by Richard Berkowitz

The Internal Revenue Service has released its plans for dealing with the government shutdown. While some functions have been suspended, tax filing and processing will continue and the October 15 deadline for extensions remains a hard date.   The underlying tax law remains in effect and individuals and businesses should keep filing their tax returns […]

Preparing Employers to Comply with the Challenges of Health Care Reform by Whitney Schiffer and Adam Cohen

Posted on October 01, 2013 by Whitney Schiffer

The Patient Protection and Affordable Care Act (PPACA), also referred to as the Affordable Care Act (ACA), Healthcare Reform and Obamacare, represents one of the most extensive changes to the nation’s healthcare system. In its most basic terms, the law aims to rein in healthcare costs and expand individual access to affordable health care coverage. […]