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

IRS Grants Penalty Relief for 2025 for New Tip and Overtime Reporting Rules

The Internal Revenue Service (the “IRS”) has issued Notice 2025-62 (the “Notice”), providing penalty relief for tax year 2025 in connection with the implementation of the new information reporting requirements related to the deductions for qualified tips and qualified overtime compensation that were added to the Internal Revenue Code (the “Code”) by Public Law 119-21, 139 Stat. 72 (July 4, 2025), commonly known as the One, Big, Beautiful Bill Act (the “OBBBA”). Specifically, the Notice provides relief from the penalty under Section 6721 for failure to file correct information returns and the penalty under Section 6722 for failure of employers and other payers to furnish correct payee statements separately reporting cash tips, qualified overtime compensation, or the occupation of the person who received the tip, as required under the OBBBA. This temporary penalty relief applies because the IRS will not issue new forms for 2025 and recognizes that many employers may lack systems or data to meet these new reporting requirements. ...read more

New IRS Regulations Modify Interest Capitalization Requirements for Property Improvements

On October 2, 2025, the IRS and Treasury Department issued final regulations (TD 10034) (the “Final Rules”) simplifying the interest capitalization rules for improvements that constitute the production of designated property under §263A(f) of the Internal Revenue Code. The Final Rules eliminate the “associated property rule,” which previously required capitalization of interest on property temporarily withdrawn from service or not yet placed in service, and make conforming amendments for consistency. These changes were issued in response to the Federal Circuit’s decision in Dominion Resources, Inc. v. United States, 681 F.3d 1313 (Fed. Cir. 2012), which invalidated portions of the associated property rule as inconsistent with the avoided cost principle underlying §263A(f). Effective October 2, 2025, the Final Rules apply to tax years beginning thereafter. ...read more

The One Big Beautiful Bill Act Brings on Significant Tax Reform

On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (H.R. 1), passed by the U.S. House of Representatives just a day earlier through a dramatic 218-214 vote. This comprehensive tax bill reshapes federal policy across nearly every major sector of the American economy, with significant focus on corporate and individual tax reform. The OBBBA makes many expiring provisions of the Tax Cuts and Jobs Act (“TCJA”) permanent, and also significantly accelerates the termination of many credits created under the Inflation Reduction Act (“IRA”). ...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

Archer Adds Leading Tax Attorney Bozena Diaz

Archer & Greiner announced today that Bozena (Bonnie) M. Diaz has joined the firm’s Hackensack office as a partner in its Corporate and Tax Groups. Bonnie, who joins from Cullen and Dykman LLP in New York, where she served as Chair of the Tax Department, advises clients on a comprehensive range of general and transactional tax issues related to domestic and international mergers, acquisitions, spinoffs, joint ventures, and more. ...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 corporate 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 corporate and tax practice areas. ...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