Day: December 2, 2020

Spector Gadon Rosen Vinci P.C. (SGRV) is pleased to announce that Madison G. Melinek has joined the firm as an Associate in the firm’s Insurance and Casualty Litigation Practice Groups. Her practice includes commercial litigation, including insurance and casualty litigation, and matters involving the defense of amusement parks and product liability defense. Melinek frequently provides corporate assistance to amusement venues, including preparation and review of leases, ride purchase contracts, concession agreements, and other contracts.

Prior to joining the Philadelphia office, Melinek litigated insurance defense matters, providing counsel and representation to insurance clients on all aspects of the claims process, including complex coverage, and bad faith disputes. This included the preparation of coverage opinions, analysis of state-specific laws, and associated litigation.

Melinek has clerked for the Honorable Judge Baratta, in Northampton County, which included assisting the Judge on drafting a number of rulings over a variety of cases, including complex commercial litigation, criminal law and family and divorce law. Melinek presided over a number of intricate insurance disputes, graphic criminal cases, and was responsible for relaying attorney concerns and pre-trial matters to the Judge.

Melinek received her B.A., with honors, in Political Science and History from The Ohio State University in 2015, and her J.D. from Case Western Reserve University School of Law in 2018. She is admitted to practice law in Pennsylvania, New Jersey, the District of Columbia, and the U.S. District Court for the Eastern, Western, and Middle Districts of Pennsylvania.

Melinek is a member of the Defense Research Institute, a Temporary Board Member and Volunteer at the Support Center for Child Advocacy, and a member of the Pennsylvania, Philadelphia, and American Bar Associations.

Spector Gadon Rosen Vinci P.C. has represented clients nationally and internationally for 45 years and provides counsel and expertise across the entire spectrum of legal practice, from complex litigation to sophisticated transactional and corporate matters. The firm has offices in Philadelphia, New Jersey, Florida, New York and Atlanta.

The firm represents businesses, corporate boards, and highly placed individuals. Its clients are engaged in a variety of industries including finance and banking, manufacturing, hospitality, gaming and entertainment, real estate and commercial development, insurance and venture capital, energy, financial services, health care, security and telecommunications.

The firm’s practice areas include high stakes litigation, business disputes, commercial litigation, professional liability, products liability, securities, trust and estates, fiduciary litigation, bankruptcy and creditors rights, civil RICO, trade secrets, trademark and restrictive covenants, intellectual property, antitrust, white-collar criminal defense, banking and financial services, corporate formation and governance, cyber risk and security, employment, entertainment and amusements, environment and energy, wealth management, healthcare, hospitality, insurance coverage and insured casualty litigation, mergers, acquisitions and divestitures, real estate, sports and tax law.

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As a result of recent amendments to the Internal Revenue Code, fewer taxpayers get a bang for bucks donated to charitable organizations. Except… Buried in the debris of frenzied responses to the scourge of COVID-19, a glimmer of light. Whether or not you itemize, cash gifts of up to $300 (in the aggregate) to qualifying charitable organizations made before December 31, 2020, are deductible in determining your 2020 tax bill, period, end of thought. No less an authority than the IRS has just sent out a reminder. (Do you suppose this means they have a beating heart? Nah.)

The reduction in tax may not change your life, but from the point of view of many smaller charitable organizations, truly every little bit helps. If you are stuck, any of us at SGRV could suggest a worthy recipient of your smallish but still important largesse.  Certainly everyone should try to scrape together $300 to take advantage of this (relatively) tax freebie.

For those one in ten of you who still itemize deductions, there is another tax saving opportunity. Under the CARES Act there is a suspension of the normal rule that charitable contributions for the year may not exceed 60% of adjusted gross income. For 2020 the limitation is 100% of AGI, with (as under prior law) a 5 year carryover for excess gifts. As in the provision above, this higher limit only applies to cash gifts. So, are you a potential donor who might be induced to jump at a larger cash gift this year, wipe out your tax liability and maybe have some carryover to boot? If you otherwise have the disposable cash, it may just be a question of hating the IRS as much as (or more than) you love your favorite charity.

As in all things tax, it is important to get advice on your particular circumstances from your return preparer, CPA, or financial adviser. Morgan Maxwell, our Of Counsel for tax matters, can also be helpful.

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