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As 2022 comes to a close, it is important to know the advantages of certain tax planning strategies. Following a brief overview of how the federal gift and estate tax system works, this article presents five year-end tax planning strategies for 2022.1 Understanding the “Lifetime Exemption” in 2022: The Amount […]
Transferring wealth from one generation to the next is a tricky business. It becomes even more complex when a family business is involved since it raises many different emotions tied to planning for the succession of the business and presents significant questions for business owners. Whether consciously or subconsciously, many […]
As we head into the home stretch of 2020, we at Einhorn Barbarito have taken the time to pause and reflect on the amazing work our local charities have been doing in the wake of the COVID-19 pandemic. Working hand-in-hand, our healthcare heroes, essential workers and charities have been on […]
Appellate Watch Blog , Blogs , Taxation Blog
On June 30, 2020, the New Jersey Supreme Court reversed the Appellate Division in Gourmet Dining, LLC v. Union Township (A-8-19), finding that a high-end for-profit restaurant located on the Kean University campus did not qualify for a local tax exemption. Applicable Tax Statutes The Supreme Court discussed the applicability […]
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