1031 Exchanges Exempt from NJ Non-Resident Withholding Tax The tax law effective August 1, New Jersey P.L. 2004, C.55 (N.J.S. 54A:8-10), which demanded real estate tax withholding from nonresident New Jersey sellers, no longer applies to sellers in a §1031 exchange. The new Seller’s Residency...
IRS Commissioner Brags abour Profitablity of Increasing IRS Budget for Collections and Audits Remarks of IRS Commissioner Mark W. Everson at National Press Club IR-2005-30, March 15, 2005"The Administration has called for a 4.3 percent increase in IRSfunding in the...
Question:My accountant recommends an "S" Corporation rather than a LLC becasue LLC's are taxed as partnerships and that is more complex. What do you think?Answer:The LLC offers more flexibility than an S corp. Remember only qualified persons can hold S stockwhereas anyone or any entity...
There is no reason to believe that as to liability arising from within the LLC, such as a slip and fall on the premises being held, that a single-member LLC will offer any significantly less protection from liability to the member than a sole shareholder...
===========Question: ===========Category: Probate, Trusts, Wills & EstatesLocation: NJSubject: My Mother Died without a WillMy Mom died in 2003 w/o a will. My siblings appointed me administrator, i am one of 9. The only property to be divided is the house. which comes with it's...
Congress is trying to increase taxes on small businesses that are LLCs LLPs and S corporations. Presently, if a shareholder of an Scorporation or a Limited Parter of a Limited Liability Partnership or investor Member of a LLC has no participation in the management of...
Your company's seniority system ordinarily takes precedence over accommodating the needs of disabled employees, according to a Supreme Court ruling.The case involved Robert Barnett, a baggage handler for US Airways in San Francisco who injured his back on the job. Barnett wanted a job in...
=============Question:=============Subject: Opening branch office of Indian company in NJWe wish to know the legalities involved in opening the branch office of an Indian manufacturer-exporter of home textiles. This company is already exporting to wholesellers in USA.Now wants to have own branch office in New...
Here is the address for the revised 941 just published by the IRSNew 941see: http://www.TaxEsq.com...
Here is a report by the IRS of the 12 most common fraudulent tax schemes. If you have fallen vitim to any of these, call me at 856 665-2121 right away. For other tax frauds see mny website at https://www.taxesq.comRon CappuccioThe Dirty DozenThe IRS urges...