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Blume Forte Hosts CLE on Taxation Issues

Morristown, NJ – Blume Forte Fried Zerres & Molinari hosted a CLE program entitled “What Lawyers Must Know About Taxes On Damage Awards” to a group of female attorneys at the Spring Brook Country Club on May 4, 2017. The comprehensive program sought to demystify the confusing aspects of how lawsuit awards are taxed. The event is the latest in a continuing series hosted by the firm. The speaker was Martin Abo, CPA of Abo and Company, LLC and Abo Cipolla Financial Forensics, LLC.

Blume Forte Hosts CLE on Taxation Issues

The seminar covered the important tax aspects of personal injury, employment and other lawsuit awards. Abo explored personal injuries and illness, nonphysical injuries such as gender and age discrimination or harassment cases, and punitive damages. He also discussed interest on deferred awards, tax issues in structured settlements, and tax issues that differ state to state.

Over 60 women registered for the seminar, which featured a pre-seminar networking cocktail reception and also offered 1 CLE credit in Pennsylvania and New Jersey.

Founded in New Jersey in 1929, Blume Forte handles all types of matters involving personal injury, including vehicular accidents, workplace injuries, medical malpractice, defective products, premises injuries, and more. The firm has offices in Chatham, Jersey City, North Bergen and Sea Girt, N.J.

$46.7M
Toxic Exposure
The plaintiff, a 48 year-old mechanic, was exposed to chemicals on a forklift while working at the premises of the defendant Troy Chemical Corporation. The defendant did not warn of the dangers of exposure to such chemicals, and did not have a policy at the time of cleaning all forklifts before they left the plant. Within a short time of the exposure, the plaintiff developed gastrointestinal and heart problems, peripheral neuropathy into the hands and feet, serious rashes, concentration and memory deficits, and weakness and fatigue.
$25M
Premises Liability
The firm represented Daniel Schleifman, 42, and his wife, Maria Gonzalez, in their lawsuit against the Parrot Cay hotel at which they were planning to stay during their Caribbean vacation in the Turks & Caicos islands. But in calm waters on a clear night in March 2000, the resort's boat taxi crashed into a rocky outcropping, throwing Schleifman into a metal ladder and breaking his back, permanently paralyzing him from the waist down. No one else was injured.
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Chiropractic Malpractice
A patient had complained of neck pain and without ordering any tests or imaging studies, the physician concluded that there was a neck sprain and told him to see the group's chiropractor for treatment. The patient was injured during neck manipulation and became a quadriplegic. It turned out that the patient actually had a bulging cervical disc, that was caused to herniate and compress the spinal cord during the manipulation.
$10.5M
Motor Vehicle Accident
In 1992, the victims, a dentist and his wife, were driving through a small town on the New Jersey Shore on their way to dinner at a local restaurant. The streets were poorly marked and the couple inadvertently drove off an unmarked and unguarded boat launching ramp at the end of a street. Witnesses on the shore could hear the couple trying to escape from their sinking car, but the doors and windows could not be opened.

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