We are pleased to announce an exciting development for the new year! As of January 1, 2017 we have officially changed our name to Mazars USA LLP. As the world’s 11th largest accounting firm, the Mazars name is renowned around the globe. Our new name reflects our expanded international capabilities and reinforces our standing as […]
Minority and marketability discounts are important benefits in transfer tax planning for clients with closely held family entities, including limited partnerships (LPs), limited liability companies (LLCs) and closely held corporations. However, these discounts – which allow for significant transfer tax savings – may expire in the near future. As you may already know, the proposed […]
To view a more recent update on New Jersey’s estate tax, please click here. The New Jersey Legislature voted this past Friday, October 7, 2016, to repeal the state’s estate tax, as part of a deal that included a gasoline tax increase of 23 cents per gallon. The current $675,000 estate tax exemption will increase to […]
As reported in our previous alert, it was expected that Governor Chris Christie would sign into law a bill that would repeal the New Jersey estate tax and on October 14th, he did just that. This new law also increases the New Jersey gas tax, increases the pension and retirement income exclusion, reduces the New […]
Trustees and executors have the ability to make certain elections on or before March 7, 2016 that could affect 2015 tax returns both for the trusts and estates for which they are fiduciaries as well as the beneficiaries of those trusts and estates. Election to Treat Distributions as Made in the Prior Tax Year A […]
This video David Weinstock offers three tips for companies to follow when looking at buy-sell planning.