Renting Your Home or Vacation Property

Renting Your Home or Vacation Property

Many of our clients own and rent out homes they do not use full time as a residence, and even more are considering it based on the enticements of companies like Airbnb.  Renting a property you use personally is somewhat different from renting a property that you do...

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The SECURE 2.0 Act of 2022

The SECURE 2.0 Act of 2022

The SECURE 2.0 Act of 2022 (the Act), enacted on December 29, 2022, builds on the SECURE Act of 2019, which increased the age of required minimum distributions (RMDs) and eliminated age restrictions for traditional IRA contributions. The legislation could help...

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More from New Jersey…

More from New Jersey…

New Insurance Requirement As of November 3, 2022, landlords and business owners in New Jersey are required to carry $500,000 in liability insurance for deaths or bodily injuries that may occur at their properties. For small, multifamily rental properties that are...

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Physicians Getting Back to Private Practice

Physicians Getting Back to Private Practice

Is it time to be your own boss?  Private practice may be the answer best suited for physicians desiring a degree of autonomy and work-life balance that they may not be able to get from employment at hospital systems.  Some physicians may be motivated toward private...

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Federal and State Energy Credits

Federal and State Energy Credits

As climate change has become more of a political issue, the federal and state governments are actively incentivizing taxpayers to “go green”.  The Inflation Reduction Act recently passed by Congress made significant changes to the credits already offered by the...

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Like-kind Exchanges – IRC Section 1031

Like-kind Exchanges – IRC Section 1031

A 1031 exchange, named after section 1031 of the U.S. Internal Revenue Code, is a way to postpone capital gains tax on the sale of a business or investment property by using the proceeds to buy a similar property.  It is also sometimes referred to as a “like-kind”...

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Client Spotlight: DeSatnick Real Estate

Client Spotlight: DeSatnick Real Estate

Todd deSatnick began investing in real estate in 1996 when he purchased his first home in West Cape May.  After working with his family’s business, deSatnick’s Window Fashions, for a decade, Todd ventured into a full-time career in real estate in 2003.  In November of...

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