New York Penalty and Interest Discount (PAID) program
In the state's press release, they mention they are increasing their enforcement efforts to collect unpaid bills.
New Jersey State Income Taxation of 2010 Conversion of a Traditional IRA to a Roth IRA
Therefore, New Jersey also conforms to the...provision regarding the Federal Income Tax reporting of a distribution from an IRA which the taxpayer converts into a Roth IRA this year in 2010.
INHERITANCE TAXES IN NEW JERSEY RATES
Consideration of tax aspects can save heirs money.
Conservatorship or Legal Guardianship?: How Do You Know When It’s Needed?
The appointment of a legal guardian is something that's not taken lightly
Pointers on the Yearly Gift Tax Exemption
When you give money or property to another person as a gift, you may have to pay a gift tax. The tax is paid by the donor. The person receiving the gift does not have
2009 Year-End Estate Planning News
The year 2009 was marked by many changes affecting estate planning and related areas on the local, national and international levels, against a backdrop of continuing uncertainty as to how—or if—the federal estate and gift
Year-End Checklist for 2009
Consider the following before 2009 is over: Make year-end annual exclusion gifts of $13,000 ($26,000 for a married couple). Make year-end IRA contributions. Create 529 Plan accounts before year-end for children and grandchildren, and consider
Year End Estate Planning Tips – Make Annual Exclusion Gifts
This year the annual gift tax exclusion is $13,000 per person and in 2010 the exclusion will remain the same.
Foreign Account Tax Compliance Act – Traps for the Unwary
For anyone who has clients or family members that live and work abroad, the new Foreign Account Tax Compliance Act (FATCA) is a real problem. Although this Act is supposed to punish Americans who hide
The Need for Long Term Care Planning
One of the greatest fears of older Americans is that they may end up in a nursing home. This not only means a great loss of personal autonomy, but also a tremendous financial price. Depending
Conservatorship or Legal Guardianship: Which is the Right Choice?
Conservatorship concerns only the conservatee's financial matters when they need assistance.
New Jersey Transfer Inheritance Tax : How the Tax Works
New Jersey also has an inheritance tax. An inheritance tax means that when a New Jersey resident dies his or her assets will be taxed on the basis of who inherits those assets No Tax