TestDear Ask the Attorney: What assets are included in the New Jersey estate tax? I know there is no inheritance tax on children, and that the estate tax exemption is $675,000. Does that mean if you have $1,000,000 estate, the New Jersey estate tax is based on $325,000? What is […]
On August 29, 2013, the IRS issued an announcement (Rev. Rul. 2013-72 http://www.irs.gov/pub/irs-drop/rr-13-17.pdf ) ruling that it will treat same-sex couples, legally married in jurisdictions that recognize their marriages, as married for federal tax purposes. Importantly, the ruling applies regardless of whether the couple lives in a jurisdiction that recognizes same-sex marriage or a jurisdiction that does not recognize same-sex marriage.
Dear Ask the Attorney: I made a good amount of money in 2009 as an independent contractor. When I prepared my tax return for 2009, the software said I owed over $25,000 so I didn’t file the return or pay the taxes. I didn’t work much 2010 and didn’t file […]
The Parsippany-Troy Hills Library is sponsoring a free seminar on financial and estate planning. The seminar is entitled Protecting your New Family: A Guide to Ensuring a Healthy Financial Future. It will be held at the Main Library on Saturday, June 8, from 10am-12pm.
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