Richard S. Calabrese, Jr., is an attorney in the Firm’s Estate Planning & Administration of Estates & Trusts, Corporate Business & Banking and Taxation groups. Also a Certified Public Accountant (CPA), Mr. Calabrese’s primary practice area involves assisting clients with various business, transactional and tax matters. Mr. Calabrese also handles complex business and federal, local and state tax matters such as income tax planning, tax controversy assistance, sales tax exposure management, restructuring regarding acquisitions, organization simplifications and tax planning for estates and trusts.
On December 19, 2019, the United States Department of Treasury finalized regulations providing guidance regarding investments in Qualified Opportunity Zones (QOZ(s)). In order for individuals (or businesses) to invest in these QOZs (several of which are located in the Lehigh Valley) they must first form a qualified opportunity fund (QOF). A QOF can be most […]
A few weeks ago I traveled down to Washington, D.C., where I did what everyone does when they visit our Nation’s Capital…attend a national tax conference for 16 hours over two days. The highlight of my trip was not the legislative tax updates, the best practices on how to achieve capital gain treatment on asset […]