On September 27, 2017, President Trump unveiled his much-anticipated tax plan in summary form in a document entitled the Unified Framework for Fixing Our Broken Tax Code (the “Plan”). While the document was very brief on details, it sets forth the White House’s goals for a new tax package to be […]
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Related Practice: Taxation
Probate And Estate Administration In New Jersey
August 7, 2017 | by Einhorn BarbaritoThe probate process in New Jersey is relatively easy, inexpensive, and streamlined compared with other states such as New York or California. Under New Jersey law, probate requires that the named executor bring a death certificate and the original Last Will and Testament of the decedent to the surrogate’s office […]
Procedure For Reinstatement Of Tax-Exempt Status Under Rev. Proc. 2014-11
August 7, 2017 | byIn 2014 the IRS issued Revenue Procedure 2014-11 telling organizations how they can apply for reinstatement of tax-exempt status if their exemption was automatically revoked for failure to file required annual returns or notices for three consecutive years. The published guidance provides three different procedures for organizations to apply for […]
IRS Expands Streamlined Program For Reporting Offshore Accounts Of U.S. Taxpayers
August 7, 2017 | byU.S. citizens and resident aliens are required to report worldwide income from all sources including foreign accounts and pay taxes on that income. Failure to report the existence of those foreign accounts on Schedule B of their tax returns or pay taxes on the income from those accounts may lead […]