Practice Areas & Industries: Duane Morris LLP


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Welcome and thank you for visiting the Tax Accounting Group of Duane Morris LLP website. In addition to providing you with a profile of our group and the services we provide, this site has been designed to be a helpful resource tool. It includes informative articles, financial analysis tools, and external websites that we thought would be of interest to you. Please feel free to contact us with any questions or comments you may have.

The Tax Accounting Group ("TAG") was the first ancillary practice of Duane Morris LLP and is one of the largest tax, accounting and litigation consulting groups affiliated with any law firm in the United States. TAG has an active and diverse practice with over 60 service lines in more than 45 industries, and serves clients in more than 40 states and 20 foreign countries. TAG’s certified public accountants, certified fraud examiners, chartered financial analysts, financial consultants and advisors provide a broad range of cost-effective tax preparation, planning and consulting services as well as accounting, financial and management advisory services to individuals, corporations, partnerships, estates, trusts and nonprofit organizations.

TAG also provides an array of litigation consulting services to lawyers and law firms representing clients in regulatory and transactional matters and throughout various stages of litigation.

Our service mission is to enthusiastically provide effective solutions that exceed expectations.

Service Mission: To enthusiastically provide effective solutions that exceed expectations.

Range of Services

Traditional and Innovative

Our clients have access to a wide range of services including:

  • Tax compliance and planning services
  • Accounting, financial and management advisory services
  • Financial planning services
  • Litigation consulting services

Selecting an adviser, whether an expert or consultant, is one of the most important decisions you will make. Our service mission is to enthusiastically provide effective solutions that exceed expectations. We invite you to evaluate our approach to your needs and to allow us the opportunity to introduce you to exemplary service, technical proficiency and innovative ideas.

Articles Authored by Lawyers at this office:

Severance Payments Are Taxable Wages Under FICA
, April 01, 2014
The U.S. Supreme Court ruled on March 25, 2014, that severance payments made to employees terminated against their will are taxable wages under the Federal Insurance Contributions Act (FICA).

UK Budget Speech - Key Points
, March 26, 2014
The UK's Chancellor of the Exchequer, George Osborne, delivered his annual Budget Speech on 19 March 2014. More details of measures announced will be known when a new draft of the Finance Bill 2014 is published on 27 March. A full analysis of each and every measure announced in the Budget Speech is...

House Ways and Means Committee Releases Proposal on Tax Reform
, March 07, 2014
On February 26, 2014, House Ways and Means Committee Chairman David Camp (R-Mich.) released his plan for U.S. federal tax reform by introducing draft legislation called the "Tax Reform Act of 2014." The proposal is intended to simplify the Internal Revenue Code and strengthen the economy...

What's New for Tax Year 2013 (When Filing in 2014)
, February 25, 2014
The following are select tax topics affecting individuals and businesses for tax year 2013.

Consider These Tips in Maximizing Your Charitable Tax Deduction
, February 06, 2014
As you gather your tax materials and prepare to file your 2013 tax returns, you may wish to consider whether you have incurred out-of-pocket expenses while serving as a volunteer on behalf of a charitable organization. If so, your expenses may be tax deductible provided they are properly...

New Temporary Regulations Expand Reach of U.S. Anti-Inversion Rules and Permit De Minimis Continuing Ownership in Foreign Acquirer
, February 06, 2014
On January 16, 2014, temporary regulations were issued by the U.S. Department of the Treasury and the Internal Revenue Service (IRS) with respect to corporate inversions under Section 7874 (the "New Regulations"), which implement and expand rules first announced by the IRS in 2009 (See...

2013 Year-End Tax Planning Strategies for Individuals and Businesses
, December 13, 2013
Many of our clients have finalized their tax planning for the year. For those who have not and with only weeks remaining in 2013, there are still a number of opportunities to do some last-minute planning to save as much as possible.

Tax Deadlines Still in Effect, Despite Government Shutdown
, October 15, 2013
The U.S. federal government shutdown does not alleviate the October 15 filing deadline or other upcoming filing and payment requirements.

Sweeping Changes to the Pennsylvania Tax Code - The Passage of Pa. House Bill 465
, September 09, 2013
House Bill 465, also known as Act 52, was signed into law by Pennsylvania Governor Tom Corbett on July 9, 2013. The Bill makes substantial changes to the Pennsylvania tax code as an integral part of the 2013-2014 budget. While legislation impacting your federal tax bill has become commonplace,...

IRS Guidance Addresses Federal Tax Impact for Employers in Light of Supreme Court Ruling in U.S. v. Windsor
, September 04, 2013
In Revenue Ruling 2013-17, the Internal Revenue Service (the "Service") addressed for the first time the impact of United States v. Windsor, the Supreme Court decision which held that section 3 of the Defense of Marriage Act was unconstitutional because it violates the principles of equal...

Treasury and IRS Recognize Same-Sex Marriage for All Federal Tax Purposes
, September 04, 2013
On August 29, 2013, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) issued Revenue Ruling 2013-17, declaring that same-sex couples legally married in a jurisdiction that recognizes same-sex marriage will be recognized as married for all federal tax purposes, regardless of...

Do You Operate Out of a Home Office? The IRS Wants to Simplify Your Life - But Don't Celebrate Too Quickly!
, July 12, 2013
If you use part of your home for business, you may be able to deduct expenses for the business use of your home. The home office deduction is available for homeowners and renters, and applies to all types of homes. A legitimate home office can turn many nondeductible personal expenses into tax...

IRS Publishes Notice Providing Transition Relief in Response to ACA Delay
, July 12, 2013
As outlined in our prior Alert, the Obama administration recently announced a one-year delay in the effective date of three key provisions of the Patient Protection and Affordable Care Act (ACA): (1) the annual information reporting requirements applicable to insurers, self-insuring employers and...

Don't Miss the FBAR Filing Deadline
, June 07, 2013
Despite the Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) publishing final regulations for reporting bank accounts, securities accounts and other financial accounts located in a foreign country on Form TD 90-22.1, Report of Foreign Bank and Financial Accounts (the...

Marketplace Fairness Act of 2013 Passes United States Senate
, May 16, 2013
On May 6, 2013, the United States Senate passed the Marketplace Fairness Act of 2013 (the "Act") by a vote of 69 to 27. The legislation (S. 743) now moves to the House of Representatives for consideration.

Recent Developments in New York's Taxation of Unauthorized Life Insurers
, May 06, 2013
Prior to 2012, New York afforded surprisingly favorable tax treatment to life insurance companies that are not licensed to conduct business in New York ("unauthorized life insurers"), but that owned real estate investments in New York. The New York State Department of Taxation and Finance...

Wall Street Sales Tax Reintroduced on Capitol Hill: Likely a Significant Impact on Private Investment Funds
, April 22, 2013
On April 17, 2013, U.S. Rep. Keith Ellison (D-Minn.) reintroduced the Inclusive Prosperity Act of 2013 (H.R. 1579) (the "Bill"), a financial transaction tax that, according to its supporters, would provide the federal government between $150 billion and $340 billion of revenue per year....