News & Insights

Mark Oberstaedt & Kenneth Ahl Co-Author Bloomberg Daily Tax Report, "Taxpayers on Both Coasts Win Non-Willful Foreign Account Reporting Penalty Cases"

"Taxpayers on Both Coasts Win Non-Willful Foreign Account Reporting Penalty Cases" By: Mark Oberstaedt & Kenneth Ahl, Bloomberg Daily Tax Report (June 24, 2021). ...read more

A New Twist on Tax Fights: Businesses Learn Towns Can Seek Reassessments

A. Paul Genato, Associate in Archer & Greiner's office in Princeton, N.J., was quoted in NJBIZ, “A new twist on tax fights: Businesses learn towns can seek reassessments”   ...read more

The New Health Care Reform Legislation: Higher Medicare Taxes on the Way

Under the very recently enacted Health Care and Education Reconciliation Act of 2010 and the Patient Protection and Affordable Care Act of 2010, higher-income taxpayers are going to face two big tax hikes: a tax increase on wages and a new tax on investment income. ...read more

New U.S. Supreme Court Decision is a Big Win for Taxpayers Who Unintentionally Failed to File Reports of Foreign Bank and Financial Accounts

On February 28, the United States Supreme Court handed down an important ruling that will have a significant impact on taxpayers who had been penalized by the IRS for unintentionally failing to file reports identifying their foreign financial accounts. As a result, some taxpayers who previously paid those penalties may be entitled to a partial refund if they take legal action. ...read more

Recent Court Decision Highlights That Not All ‘Golden Shares’ Are Created Equal

All too often in business-partner disputes, one partner threatens to place the company into bankruptcy without the consent of the other partners. Does such a threat really have any “teeth?” A recent decision from the United States Bankruptcy Court for the District of New Jersey provides some guidance. The Court dismissed a chapter 11 debtor’s bankruptcy case because, under the term of the company’s operating agreement, the debtor lacked the requisite corporate authority to file bankruptcy. The case provides an interesting look into the way courts view so-called “golden share” provisions, which give certain creditors the power to block a company from filing for bankruptcy. ...read more

State Tax Equalization Board Releases 2020 Common Level Ratios

The State Tax Equalization Board (STEB) has released its Common Level Ratio (CLR) of assessed value to market value for each county in Pennsylvania for calendar year 2020 (applicable to tax appeals filed in 2021 for tax year 2022). The CLR can be used to convert fair market values into assessed values in conjunction with property tax appeals, subject to a taxpayer’s right to claim a lower ratio to reflect the same level of assessed value to fair market value for similarly situated property. The 2020 CLRs can be viewed here. ...read more

Kenneth Ahl and Mark Oberstaedt Discuss Recent Supreme Court Decision in Law360 Tax Authority Article “Justices' FBAR Ruling May Shift Feds' Enforcement Approach”

In the Law360 Tax Authority article, Justices’ FBAR Ruling May Shift Feds’ Enforcement Approach, Dylan Moroses writes about the Supreme Court’s recent decision limiting the penalty for a nonwillful failure to report foreign bank accounts to $10,000 per year. Given the ruling, the government may become more aggressive in pursuing willful violations of the law, tax lawyers said, including Archer partners Mark Oberstaedt and Kenneth Ahl, whose comments are featured in the article. ...read more

Kenneth Ahl and Mark Oberstaedt Featured in National Law Journal Article on Recent SCOTUS Ruling on Foreign Investment Reporting

Archer partners Mark Oberstaedt and Kenneth Ahl spoke with the National Law Journal providing important insight around the recent U.S. Supreme Court decision in Bittner v. U.S., in which the Court ruled to alter the penalty structure for those who fail to report income from other countries. In Brad Kutner’s article, "Tax Attorneys Welcome SCOTUS Ruling on Foreign Investment Reporting Rules With Cautious Optimism," Kutner writes “tax attorneys are already taking the U.S. Supreme Court up on their new interpretation of penalties associated with taxes on foreign income,” which is the case for Kenneth who said he’s already acting on behalf of clients in the wake of Bittner v. U.S., stating, “We’re not talking about $100 claims here, this is something worthwhile claiming in court.” ...read more

Mark Oberstaedt and Kenneth Ahl Quoted in Accounting Today Article on Recent Case Victory

In the Accounting Today article "Court denies IRS ‘stacking penalties’ on FBARs" Archer attorney's Mark Oberstaedt and Kenneth Ahl talked about their recent victory in the case, U.S. v. Giraldi. ...read more

Noel Fleming and Kayci Petenko Featured in Law360 Article, “Archer Brings on Nonprofit Experts from Philly Boutique”

Archer partners, Noel Fleming and Kayci Petenko, were interviewed by Law360 Pulse on their joining the firm. Both were founding partners of Fleming Petenko Law in Philadelphia and ceased operations to join Archer expanding the team of attorneys providing services for nonprofit clients. All of their clients joined them in the transition. Noel and Kayci bring diverse backgrounds and robust experience to Archer representing clients in a variety of matters that will greatly impact the firm’s existing nonprofit practice, as well as the business counseling and tax practice areas. ...read more

Noel Fleming and Kayci Petenko Join Archer

Archer & Greiner is pleased to announce the addition of Noel A. Fleming and Kayci D. Petenko as partners in the firm’s Philadelphia office. Prior to joining Archer, Noel and Kayci were founding partners of Fleming Petenko Law, which provided legal counsel to nonprofit, charitable, and tax-exempt organizations. With diverse backgrounds and robust experience representing clients in a variety of matters, they bring a wealth of knowledge that will not only enhance the firm’s existing nonprofit practice but have important cross over into the firm’s business counseling and tax practice areas. ...read more

Giraldi Case Lands Mark Oberstaedt & Kenneth Ahl on Law360's Midyear Report, "Top U.S. International Tax Cases of 2021"

Archer Partner Mark Oberstaedt & Of Counsel Kenneth Ahl have recently been featured by Law360's Midyear Report, "Top U.S. International Tax Cases of 2021". ...read more

Gianfranco Pietrafesa and Tiffany Wagner Donio to Speak at NJ M&A Conference 2021

Gianfranco A. Pietrafesa and Tiffany Wagner Donio, partners in the firm and members of its Business Counseling group, will speak at the New Jersey M&A Conference on October 26, 2021. Franco, who organized and will moderate the annual conference, will speak on the topic of non-disclosure agreements and letters of intent. He is a director and past chair of the New Jersey State Bar Association Business Law Section and the recipient of the 2020 NJICLE Clapp Award for his contributions to continuing legal education. Tiffany will speak on the topic of tax issues in M&A transactions. She is the chair of the New Jersey State Bar Association Taxation Law Section. In addition to attorneys, the conference features and attracts accountants, investment bankers and others involved in mergers and acquisitions. This year the conference will be presented as a webinar. More information can be found here. ...read more

Gordon Moore and Frank Demmerly to Present Tax Reform Education Series

Gordon Moore and Frank Demmerly, partners in Archer's Haddonfield office will be presenting the Merrill Lynch's Tax Reform Education Series on Thursday, February 22, 2018 and Thursday, March 1, 2018. ...read more

Jeffrey M. Gradone to Serve as Moderator and Speaker at Upcoming Corporate Tax Symposium

Jeffrey M. Gradone, a Partner in Archer's Princeton office, will serve as a moderator and speaker at the upcoming Corporate Tax Symposium CLE, "Recent Developments in Corporate Taxation" on July 27. This all-day program goes beyond the basics and features the top headlines and issues important to your practice. ...read more