Search results
May 8, 2024 · The New Jersey Tax Court ruled in Musumeci v. Dir. Div. of Taxation (N.J. Tax Ct. Dkt. No. 000169-2021, 03/28/2023) that noneconomic gains were not taxable for New Jersey gross income tax purposes.In Misumeci, the taxpayer was a member of a bankrupt LLC that liquidated.Some members of the LLC had positive capital accounts and others had negative capital accounts.As a result of the liquidation ...
May 20, 2024 · The application of the Mansion Tax is broad, covering all deeds where the land conveyed falls under specific classifications according to the New Jersey Administrative Codes (N.J.A.C. 18:12-2.2). Essentially, this tax is applicable to a wide range of high-value residential transactions within the state, underscoring New Jersey’s approach to taxation on higher-end real estate.
- (732) 785-4453
- admin@matuslaw.com
- Home sales are exempt from the payment of sales tax. All home sales are subject to a 1% Realty Transfer fee. This fee is not payable by the buyer....
- New Jersey charges an additional 1% of the sale price of homes that have sales prices above $1 million. This ''mansion tax'' applies to certain com...
- NJ's mansion tax is exempt for some properties. These properties include: ● Vacant land ● Farm property with no existing residence ● Farm property...
- You can save $10,000 by offering $999,999.99 for a $1 million property. Another way to avoid paying tax is to use fees associated with the purchase...
- Home sales profits are capital gains and subject to federal tax at 0%, 15%, or 20% depending on your income. For homeowners, the IRS offers a write...
- You make several payments when you purchase a home. These are called closing costs. While transfer taxes cannot be deducted from your personal home...
- Yes. The mansion tax applies to all residential property in New Jersey. This includes condos and co-ops as well as townhouses and brownstones.
- Our Ocean County law office is located at 81 East Water Street, Suite 2C, Toms River, NJ 08753. If you'd like to visit us, feel free to do so. We a...
- Yes. We also have offices in Monmouth County and New York City. Our Monmouth County law office is located at 125 Half Mile Rd, Suite 2C, Red Bank,...
- If you need the help of a bloodline trust lawyer, you can call us at (732) 281-0060. You can also send us an email at admin@matuslaw.com. Another w...
1 day ago · Welcome home to a mid century ranch in Royal Manor subdivision. Open floor plan for your convenience Spacious great room, 3 generous size bedrooms, full bath, laundry room, kitchen with stove, oven,dishwasher,refrigerator,microwave,garbage disposal new in 2021, lots of cabinets, ample eat space and bonus room for a home office etc. Nice covered patio in rear overlooking a large back yard. 1 ...
May 10, 2024 · Pour the mixture through a fine-mesh strainer to remove the seeds, and rinse the blender to remove any leftover seeds or pulp. Then put the strained mixture back in the clean blender with the sweetener you picked lemon juice, zest, and vanilla. Pour the mixture in a Ninja Creami pint and freeze for 24 hours. Spin on the ice cream setting.
11 hours ago · In 2021, Rubin first announced his intentions to launch Fanatics Sportsbook, and he even brought in hip-hop recording star Jay-Z as the Fanatics vice chairman, which is a big deal. Fanatics Sportsbook then applied for a license in New York but did not get it when sports betting in that state launched.
3 days ago · A kitchen accident resulted in her hand being 30% disabled. The Settlement Chart equates a hand to 150 weeks. So, 30% of 150 weeks is 45 weeks. If Sarah’s weekly rate is $500, her award amounts to $22,500 (45 weeks x $500). However, if the state’s maximum is $475, then despite her rate, she’d get a maximum of $21,375 (45 weeks x $475).
23 hours ago · 1BILLION - Redeem code for two hours of 2x Experience; XMASEXP - Redeem code for 2x Experience; XMASRESET - Redeem code for Stat Reset; UPDATE11 - Redeem code for 30 Minutes of 2x Experience; POINTSRESET - Redeem code for a point reset; Stat Refund: UPDATE10; 15 Minutes of 2x Experience: CONTROL
