Latest Firm News & Announcements

Congratulations to one of our shareholders, Jennifer L. Moccia, who has once again been selected by her peers to be included in the combined category of “Taxes, Estates, Trusts, Elder Law” category of “Virginia’s Legal Elite” for 2017. “Saving Our Racks” – The attorneys and staff of Rack & Moccia, P.C. are so proud to … Continued


Virginia Enacts Changes to Spousal Elective Share Rules (Effective 1/1/2017)

During its 2016 Session, the General Assembly of Virginia amended its elective share statutes (which allow a surviving spouse to claim a percentage of the augmented estate of the deceased spouse) to include new terms of the Revised Uniform Probate Code. While the previously enacted Code provisions for the determination of an elective share were … Continued


Department of Justice fights ethics training order from Federal Court

The Justice Department moved Tuesday to fight a federal judge’s order that its lawyers undergo mandatory ethics training, digging in after the DOJ was accused of misleading the courts over President Obama’s immigration executive actions. In filings Tuesday, the department said the order would “far exceed the bounds of appropriate remedies” and would cost the … Continued


Render to Caesar Before Yourself – United States v. Read, T.C.

In 1999, Randy Read established an irrevocable trust for his children, naming himself as Trustee, and contributed stock options (earned by his wife) worth well over $700,000. Two years later, the trust assets had a value of just over $160,000 and a tax liability of about $122,000. Thereafter, he made distributions from the trust for … Continued







IRS Liberalizes Offer In Compromise Terms Under “Fresh Start” Initiative

The IRS has expanded its “Fresh Start” initiative, which is designed to help struggling taxpayers who owe taxes by offering more flexible terms in its Offer In Compromise (“OIC”) program.  These changes may allow some taxpayers to resolve their income tax problems in as little as two years, as compared to four or five years … Continued