What Deductions Are Allowed for the New Jersey Estate Tax
New Jersey's estate tax laws are based upon the federal estate tax laws in effect as of December 31, 2001. This means that, for New Jersey estate tax purposes, the same deductions allowed on the federal estate tax return as of December 31, 2001 are deductible on the New Jersey Estate Tax Return.
Nonresidents and the NJ Estate Tax NJ Inheritance TaxLast Updated: Thu, 24 Feb 2011 11:35:13
One question that we commonly encounter is this: Is a NJ non-resident who owns real estate in New Jersey subject to the New Jersey Estate Tax or New Jersey Inheritance Tax?The nonresident indivi... Read More
Estates and Trusts Will Be Affected by 2010 Health Care Legislation TooLast Updated: Thu, 24 Feb 2011 11:34:29
The recently enacted health care legislation not only affects individuals and businesses but also the income taxation of estates and trusts. Under the new IRC S 1411, beginning in 2013, trusts a... Read More
New Estate Tax Law EnactedLast Updated: Thu, 24 Feb 2011 11:33:36
The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (P.L. 111-312) has finally settled the uncertain future of the federal estate tax. Back in 2001, the fede... Read More