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October 2013 Blog Posts (3)

HIT BY THE NJ EXIT TAX FOR SELLING REAL ESTATE? RECOVER YOUR MONEY QUICKLY

If you’re a non-resident selling investment real estate in New Jersey, there’s a unique NJ tax you should be aware of. Both residents and non-residents always had to pay income tax on the gain upon the sale of real estate. This tax is required to be withheld for non-residents. The “Exit Tax”, which came into law six years ago, requires the seller to file a GIT/REP form (Gross Income Tax form) in order to record a Deed for the transfer of his property. When a non-resident sells the…

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Added by Pamela Avraham on October 31, 2013 at 3:59pm — No Comments

TAX PLANNING TIPS FOR THE NEW 3.8% NET INVESTMENT INCOME SURTAX

The new 3.8% net investment income surtax is here. Click here to find out what you can do about it: Tax Tips for Net Investment Surtax

Added by Pamela Avraham on October 29, 2013 at 5:32pm — No Comments

U Visas for Victims of Crime (Part 1)

U.S. Citizenship and Immigration Services (USCIS) has approved the statutory maximum 10,000 petitions for U nonimmigrant status (U visas) for fiscal year 2013. This marks the fourth straight year that USCIS has reached the statutory maximum since it began issuing U visas in 2008. Each year, 10,000 U visas are available for victims of crime who have suffered substantial mental or physical abuse and are willing to help law enforcement authorities investigate or prosecute those crimes. A…

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Added by David Nachman on October 4, 2013 at 11:05am — No Comments