Rack & Moccia, P.C. is pleased to announce a Tier 2 ranking in U.S. News – Best Lawyers “Best Law Firms” for Trust and Estates Litigation and a Tier 3 ranking in Trust and Estates for the fourth consecutive year. The selection process is based on a rigorous evaluation process that includes the collection of … Continued
Kevin B. Rack has been recognized, once again by his peers as one of The Best Lawyers in America in Trusts and Estates, and Trusts and Estates Litigation. The selection process comprised of more than 2.5 million confidential evaluations by top attorneys in the country. Mr. Rack was first named to this elite category in … Continued
Tax Court concludes that taxpayer recognized taxable income on the surrender of his life insurance policy when the insurance company applied the policy’s maturity value to the outstanding balance of his policy loans.
Nathan Moccia, shareholder of Rack & Moccia P.C., will conduct a national teleconference for the National Business Institute on Tuesday April 30, 2013, titled “Estate Planning Basics”
On January 1, 2013, Congress passed the American Taxpayer Relief Act (“2012 Taxpayer Relief Act”), which the President has vowed to sign as soon as it is ready for his signature. The 2012 Taxpayer Relief Act will prevent many of the tax hikes scheduled to go into effect this year and retain many favorable tax … Continued
Treasury has answered a letter from Democratic Representatives voicing suspicions that the contribution limits for tax-deferred retirement accounts are being avoided by undervaluing the contributed assets. Treasury highlighted the IRS’s enforcement efforts, opined that current tax rules provide little incentive to shift investment gains to IRAs and SEP-IRAs by using undervalued assets, and highlighted current … Continued
On appeal, the court reversed a lower court ruling by determining that the caregiver child exemption for the transfer of a house still applied because the Medicaid applicant’s attorney-in-fact transferred the house, not the Medicaid applicant himself.
A U.S. Court of Appeals held that a nursing home patient was not entitled to coverage from her health insurance plan for her nursing home stay because she received primarily custodial care, not skilled nursing services.
Nathan Moccia Shareholder of Rack & Moccia, P.C., will conduct a national teleconference for the National Business Institute on Wednesday August 1, 2012, titled “Estate Planning for Blended Families”.
A U.S. district court rules that a Medicaid applicant whose son gave him a promissory note in exchange for rental property had excess resources.