The new laws for the estate tax in New York are going to benefit a lot of state citizens in the upper middle class, many of whom have worked over the course of a lifetime to accumulate their wealth. Not everyone will benefit from the laws, however, as the financial “cliff” included in the language […]
The financial advisory firm Regent Atlantic as to why wealthy people leave New Jersey to reside in other states. The report is entitled Exodus on the Parkway: Are Taxes Driving Wealthy Residents Out of New Jersey? (the “Report”). The Report draws on objective statistical information and is free of the hyperbole that often accompanies such […]
Tax law violations are typically a crime that most people hear about in domestic news, but tax evasion and fraud appear to be an increasingly global phenomenon. As more individuals take advantage of favorable regulations and tax benefits in offshore accounts and foreign financial institutions, the ability to commit tax evasion has become more accessible. […]
The United States Supreme Court recently struck down the Defense of Marriage Act (DOMA) as unconstitutional. Despite this ruling, there are a number of issues that will result from this decision where the laws of the states will differ. Consider a gay couple, A and B, with a valid marriage under the law of the […]
