Tax Law Blog

Tax Law Blog post – The line between business and personal finance is often blurred. When should you graduate from one-man show to a LLC or S-Corp (or other entity)?

By Gary R. Botwinick, Esq. There is really not a specific rule as to when a self-employed individual should consider incorporating or forming a limited liability company (LLC). However, if the work is expected to continue for more than just a brief period of time, it is worthwhile to consider the factors weighing in favor

READ MORE

Family Law Blog post – “Happy Valentine’s Day! Will you marry me? And by the way, here is a prenuptial agreement to sign.” Isn’t that romantic?

By Patricia M. Barbarito, Esq. and Gary R. Botwinick, Esq. ‘Tis the season. I’m not talking about Spring Training. We see it in our practice every year. We call it “Prenup Season.” In anticipation of Valentine’s Day and the season of romance and marriage proposals, we see a significant spike in the number of phone

READ MORE

At the Intersection of Social Media, Text Messages, Tweets, Screen Shots and the New Jersey Rules of Evidence: State v. Hannah.

By Matheu D. Nunn, Esq. On December 20, 2016, the Appellate Division (Judge Leone) published the decision of State v. Hannah. The case itself — a de novo appeal from a conviction in Municipal Court — is not of great importance (other than to Ms. Hannah). However, this case is an important published decision that centers

READ MORE

TAX ALERT: Estate Planning & Closely Held Business Owners

By: Gary R. Botwinick, Esq. In August of 2016, the IRS issued long awaited proposed regulations under IRC Section 2704. If adopted, these proposed regulations may significantly reduce the opportunity to apply valuation discounts when making intra-family transfers of interests in various entities. For estate planning attorneys and their clients this translates to impending restrictions

READ MORE

Are You Rich Enough?

By Gary R. Botwinick Estate taxes. You think you don’t need to be worried about them because you’re not rich enough – at least according to the Federal Estate Tax laws. You see, to be rich enough to be concerned about Federal Estate Taxes at your death, you would need to have an estate of

READ MORE