Category

Taxation
A government tax-collector tries to collect at a grave site.
27
Feb

Does New Jersey Still Have Death Taxes?

February 27, 2025
Besides the Federal estate tax, there used to be two separate New Jersey State taxes...
20
Nov

Beneficial Ownership Interest Reporting

November 20, 2024
The Corporate Transparency Act, which was passed by Congress in 2021, creates a new beneficial...
03
Oct

New Jersey’s State Estate Tax To Be Eliminated

October 3, 2016
New Jersey lawmakers reached an agreement on Friday, September 30th which, among other things, will...
04
Mar

Top 10 Facts About Capital Gains and Losses

March 4, 2016
When you sell a capital asset, the sale normally results in a capital gain or...
16
Jun

House Ownership Options when a Parent and Adult Child Live Together: Tax, Medicaid and Personal Issues

June 16, 2014
(On June 16, 2014, I was a speaker at the 71st Semi-Annual Tax & Estate...
02
Aug

Administrator Must Satisfy Estate Creditors From Probate Assets First Before Attaching Non-Probate Assets

August 2, 2013
A Chancery Court judge determined that the administrator of an insolvent estate in New Jersey...
26
Jun

U.S. Supreme Court Rules Surviving Spouse Of Lesbian Couple Entitled To Estate Tax Refund

June 26, 2013
New York recognized the marriage of state residents Edith Windsor and Thea Spyer, who wed...
01
Nov

Annual Exclusion From Federal Gift Taxes Increases To $14,000 In 2013

November 1, 2012
The Internal Revenue Service (IRS) recently issued Revenue Procedure 2012-41 which set forth inflation-adjusted revenue items...
11
Jun

Court Awards Federal Estate Tax Refund To Surviving Spouse Of Lesbian Couple

June 11, 2012
Under existing federal law, spouses who pass away can leave property of any value to...
25
Jan

New IRS Notice Explains How A Surviving Spouse Can Use The Unused Portion Of The Deceased Spouse’s Federal Estate Tax Exemption

January 25, 2012
Currently, the value of assets passing to heirs upon the death of a U.S. citizen...
14
Jul

Failure To Provide ‘Clear And Convincing Proof" of Decedent’s Intent Mandates Denial Of Action To Reform Trust

July 14, 2011
In this case, the decedent, William McLellan, created an irrevocable life insurance trust for the...
12
Dec

Summary Of Changes To The Estate And Gift Tax Laws In 2011 And 2012 Resulting From Enactment Of The “Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010”

December 12, 2010
Senate Majority Leader Harry Reid (D/NV) has introduced legislation designed to enact the tax cut...
27
Jan

Federal Estate Tax Repealed, But "Carryover Basis" Rules Instituted, In 2010

January 27, 2010
Contrary to the expectations of many practitioners including the writer, Congress did not amend the...
14
Jan

New Tax Basis Rules In Estate And Elder Law Planning

January 14, 2010
The tax law changes that became effective on January 1, 2010 and affect estate and...
12
Jan

Military Spouses Given Residency Rights Under New Law

January 12, 2010
An amendment to a military act gives spouses of military personnel new residency rights, creating...
14
Dec

Under New Jersey Law, You Are Entitled To Payment For Services Rendered As A Fiduciary

December 14, 2009
Did you know that, under New Jersey law, you are entitled to receive compensation for...
07
Dec

House Of Representatives Passes Permanent Estate Tax Act, But The Fate Of The Bill In The Senate Is Uncertain

December 7, 2009
On December 3, 2009, the House of Representatives passed the “Permanent Estate Tax Relief for...
31
Oct

Gift Tax Annual Exclusion Amount Unchanged In 2010

October 31, 2009
The gift tax annual exclusion is the maximum amount which a taxpayer can gift each...
11
Jun

Sensible Estate Tax Act of 2009

June 11, 2009
Under the law passed by President Bush, the Economic Growth and Tax Reconciliation Act of...
01
May

More information About the One-Time Economic Stimulus Payment For SSA And SSI Recipients

May 1, 2009
The American Recovery and Reinvestment Act of 2009 (Recovery Act) was signed into law by...
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