Northfield NJ CPA – Tax, Accounting & Consulting Services (609) 641-4000  | 

Possible Pitfalls in the New Jersey Inheritance Tax

Possible Pitfalls in the New Jersey Inheritance Tax

While New Jersey eliminated the estate tax in 2018, the inheritance tax is still alive and well.  The New Jersey inheritance tax is a tax on inheritances left to non-lineal, Class C and Class D beneficiaries[1]. If you are a New Jersey resident and you plan on leaving...
A Review of NJ Estate and Inheritance Taxes

A Review of NJ Estate and Inheritance Taxes

When you think of the state of New Jersey and taxes, you usually expect them to be on the higher side relative to other states. When it comes to the “death tax” or estate taxes, New Jersey has surprisingly become more favorable over time. Many of our clients have...
What You Need to Know About the SECURE Act

What You Need to Know About the SECURE Act

Late last year, Congress passed bipartisan tax legislation that President Trump promptly signed into law on December 20, 2019.  The legislation included the “Setting Every Community Up for Retirement Enhancement (SECURE) Act”, which is mainly intended to expand...