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Both the Senate and the House have each passed its own version of the Tax Cuts and Jobs Act (the “Bill”). Although the two versions of the Bill contain many similar provisions, a number of key differences still have to be reconciled by the Conference Committee before a final, single […]
When you take a distribution from an IRA or another type of qualified retirement plan, you have 60 days to rollover that money into another IRA or the same account. So what happens if, for one reason or another, the money did not get rolled-over within the 60-day period? What […]
On September 21, 2016, the Senate Committee on Finance voted unanimously to end the “Stretch IRA,” as part of the Retirement Enhancement and Savings Act of 2016 (“RESA”). However, before it becomes law, it must be approved by both houses and signed off on by President Trump. The Stretch IRA […]
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 […]
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