By Kevin | Published December 9, 2022 | Posted in Estate Planning, Tax Matters, Wills & Trusts |
Estate Plan & Inheritance Tax: What It Is; How Calculated & Who Pays It? An inheritance tax is a tax imposed by only a few States on the recipients of inherited assets. In contrast to an estate tax, an inheritance tax is paid by the recipient of a bequest rather than the estate of the Read More
Read MoreEnd of Year Approaching: Review, Revise, and Plan for your Business & Bring on the New Year! The end of the year (based upon your business/entity utilizing a calendar year end) presents opportunities to assess the current year AND plan for the next year based upon the year that has been. Analyzing the past year Read More
Read MoreNew Jersey Property Tax Assessment Appeals: Are You Paying Too Much? New Jersey 2023 Real Estate Property Tax Assessments Despite the ongoing real estate market activity, many real estate property owners in New Jersey may be paying more than their fair share of New Jersey Real Estate Taxes as a direct result of the market, economy and Read More
Read MoreThe deadline to file a commercial or residential real estate tax appeal in most municipalities in New Jersey is April 1st. However, Burlington County, Gloucester County and other counties Appeal Deadline is now January 15, 2022 as many County Board of Taxation has moved up that deadline pursuant to the Alternative Real Property Assessment Calendar Read More
Read MoreNew Jersey Real Estate Property Tax Assessment Reviews Underway New Jersey municipal and county tax assessors have begun review of real property tax assessment values and valuations for 2022, based on 2021 data. Now is an opportune time to review assessments and data relating to your properties to determine impacts of same, to potentially obtain Read More
Read MoreNEW Property Assessment Appeal Filing deadline is January 15th 2021 for 2021 Assessed Values for Burlington County New Jersey; We handle property tax assessment matter reviews and appeals to both the County Board of Taxation and the State Tax Court as so determined. _____By way of brief overview, property taxes are a result of the municipal budget Read More
Read MoreNow that October is here, New Jersey municipal and county tax assessors begin review of real property tax assessment values and valuations for 2021, based on 2020 data. Understanding that we are still in the middle of the ongoing pandemic and subject to numerous Executive Orders, recent real estate assessment data will prove to be Read More
Read MoreThe Bulk Sales Law (N.J.S.A. 54:50-38) protects purchasers from inheriting a tax debt from the seller of business assets when the sale is outside the normal course of business. Bulk sales include the sale of real property, tangible property such as inventory or materials and intangible assets like goodwill. However, this seemingly straight-forward statute presents Read More
Read MoreN.J. Property Taxes: How Much Should You Be Paying? NEW JERSEY 2018 REAL ESTATE TAX ASSESSMENTS DiMedio Law Tax Appeal 2018 PDF Click Here! Many property owners in New Jersey are paying more than their fair share of New Jersey Real Estate Taxes as a direct result of market activity, the economy and other factors, such Read More
Read MoreThe Tax Cuts and Jobs Act (TCJA)was signed into law on December 22, 2017. New Jersey has repealed its estate tax effective this year. Both will impact many estate plans. The federal estate, gift and generation-skipping transfer (GST) tax exemptions has doubled to $11,200,000 per individual. Thus, a married couple will have combined exemptions of Read More
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