On October 14, 2016, Governor Chris Christie officially signed legislation implementing a new tax package to raise money for the Transportation Trust Fund to help repair New Jersey’s crumbling infrastructure. But this law also made significant other changes to New Jersey’s tax laws. Most importantly, the new law includes a […]
Taxation Blog
Taxation Blog , Wills, Trusts & Estates Blog
Estate Planning & Closely Held Business Owners
September 27, 2016 | by Gary BotwinickIn 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 […]
Effective January 1, 2016, a seriously delinquent tax debt may result in the loss of your U.S. passport. If you have unfiled tax returns or if you owe more than $50,000 to the Internal Revenue Service (“IRS”), the State Department can now revoke your passport. In addition, the State Department […]
It’s Already November – Have You Considered Your Year-End Charitable Strategy?
November 17, 2015 | by Gary BotwinickIt seems lately that as soon as Halloween ends, the holiday season begins and we all look forward to the end of the past year and the beginning of a new, and hopefully, wonderful exciting one. The air grows colder, the leaves are gone, and the days seem so short. […]