Writings by Scott H. Novak

Partner Scott H. Novak concentrates his practice on tax law, with a focus on tax controversy, trusts and estates, planning and transactional tax matters. Scott routinely handles income, federal, state, foreign and employment tax issues on behalf of individuals and businesses in a broad range of industries. His years of experience has enabled him to manage virtually all tax-involved matters ranging from non-filing issues to unreported accounts, sale of businesses and business assets, unpaid employment tax liabilities, state sales tax audits, settlements with the IRS and state tax authorities, delicate audits and tax issues, estate planning, special needs trusts, estate probate and administration and much more.

Client Alert

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Scarinci Hollenbeck remains committed not only to providing top-tier legal services but also to regularly providing information and resources to our client base and internet following. Client Alerts provided by our attorneys supply businesses, municipalities, and more with the latest and relevant legal updates that may impact them and how they might be able to proceed.

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New Jersey Codifies the ABC Test: What the Independent Contractor Regulations Mean for Your Business

New Jersey has codified the ABC test for determining whether a worker is an employee or an independent contractor, effective October 1, 2026. For most New Jersey businesses, the test itself hasn’t changed. The state’s long-standing enforcement position is now codified, and businesses that have treated workers as independent contractors should assess their risk now. […]

Author: Scott H. Novak

October 14, 2026

IRS Refund Deadline Approaches: Taxpayers Should Consider Filing Protective Claims Before July 10, 2026

A recent Court of Federal Claims decision may entitle taxpayers to refunds of interest and penalties paid on federal tax obligations that came due during the COVID-19 disaster period. The IRS refund deadline tied to that ruling is July 10, 2026, and eligible taxpayers should consider filing a protective claim before it expires. On March […]

Author: Scott H. Novak

June 2, 2026

One Big Beautiful Bill: New Tip Income Tax Rules Employers & Workers Need to Know

Part 2 – Tips Excluded from Income Certain employees and independent contractors may be eligible to deduct tips from their income for tax years 2025 through 2028 under provisions included in the One Big Beautiful Bill. The deduction is capped at $25,000 per year and begins to phase out at $150,000 of modified adjusted gross […]

Author: Scott H. Novak

January 28, 2026

One Big Beautiful Bill: New Overtime Tax Rules Employers and Employees Need to Know

Part 1 – Overtime Pay and Income Tax Treatment Overview This Firm Insights post summarizes one provision of the “One Big Beautiful Bill” related to the tax treatment of overtime compensation and related employer wage reporting obligations. Overtime Pay and Employee Tax Treatment The Fair Labor Standards Act (FLSA) generally requires that overtime be paid […]

Author: Scott H. Novak

January 27, 2026

A Look Back at Key 2025 Changes to Delaware Corporation Law

Senate Bill 21 This bill was enacted largely in response to high-profile litigation, such as In re Match Group (In re Match Grp., Inc. Deriv. Litig., 315 A.3d 446 (Del. 2024)) and TripAdvisor (Maffei v. Palkon, 2025 WL 384054 (Del. Feb. 4, 2025)) and to stem the recent tide of Delaware companies reincorporating in Neveda […]

Author: Scott H. Novak

December 30, 2025

New York Corporate Transparency Act: What You Need to Know for 2026

The New York Corporate Transparency Act (NYCTA) WILL NOT apply to US-registered LLCs. In recent years, there has been significant interest in identifying the “beneficial owners” of U.S. businesses to combat perceived financial crimes such as money laundering, terrorism financing, and tax fraud by ending the use of anonymous shell companies. This led to the […]

Author: Scott H. Novak

December 29, 2025

New Obligations for NY LLCs Under the 2026 LLC Transparency Act

New York is preparing to roll out its own version of beneficial ownership reporting—and it arrives sooner than many businesses realize. Beginning January 1, 2026, the New York LLC Transparency Act (LLCTA) will impose new filing obligations on all New York LLCs and foreign LLCs authorized to do business in the state. While the LLCTA […]

Author: Scott H. Novak

November 19, 2025

FinCEN's New Real Estate Report Requirements to Take Effect March 1, 2026

What is the FinCEN Real Estate Report? New FinCEN reporting requirements combat money laundering through real estate transfers. These requirements apply to certain residential real estate transfers. They begin on March 1, 2026. Similar to Corporate Transparency Act reporting requirements, these new FinCEN rules aim to increase transparency and combat financial crimes in real estate […]

Author: Scott H. Novak

October 27, 2025

Important Changes to New Jersey’s Controlling Interest Transfer Tax

New Jersey recently made changes to what is known as the Mansion Tax. New Jersey imposes an additional tax on the transfer of certain types of real estate when the sales price exceeds $1 million. Until recently, that tax was 1%. Under new legislation, that tax is now between 1% and 3.5%, depending on the […]

Author: Scott H. Novak

August 7, 2025

New Jersey’s NEW Mansion Tax

States have a problem. As costs and expenses rise, they must find new ways to raise revenue that is politically palatable that the taxpayers can live with. What is a state like New Jersey to do when it is staring at a $1.2 billion budget deficit? It already has exceedingly high property taxes. The sales […]

Author: Scott H. Novak

July 11, 2025

Businesses Are Facing Financial Headwinds—A Practical Guide

*** The original article was featured on Bloomberg Tax, April 28, 2025 — As a tax attorney who spends much of my time helping people and companies who have large, unresolved issues with the IRS or one or more state tax departments, it often occurs to me that the best service that I can provide […]

Author: Scott H. Novak

May 6, 2025

Is the Corporate Transparency Act Alive or Dead?

In the interest of keeping our clients fully aware of their legal and tax obligations, information about the Corporate Transparency Act (CTA) has graced these pages before. At first, the effective date for compliance for pre-2024 companies was December 31, 2024. Newly formed companies were required to comply within 90 days of formation during 2024, […]

Author: Scott H. Novak

March 14, 2025

Business Tax

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