Millionaires can probably skip this column. Most likely they’ve already got a team of financial professionals advising them about the best ways to pass along their wealth. For the rest of us, however, a quick refresher course on how the IRS treats gifts might prove helpful.
EDISON — The Internal Revenue Service will host a special open house on Saturday, Sept. 25 to help taxpayers –– especially veterans and people with disabilities –– solve tax problems and respond to IRS notices.
STATE – Some non-profit organizations may lose their tax-exempt status for failing to fulfill IRS filing requirements for three consecutive years. The IRS is offering a one-time relief program allowing qualifying organizations to filing a return before Oct. 15.
TRENTON — Monthly indicators of the New Jersey economy showed the state’s unemployment rate for August edged lower by 0.1 percentage point to 9.6 percent.
A friend of mine recently realized his mother needed help managing her finances when he found her closets filled with oddball purchases like jalapeno jelly beans and Betty Boop bobblehead dolls. “It was pretty clear that telemarketers were taking advantage of her friendly nature to sell her junk she didn’t want or need,” he said.
If you have a tax question or need a tax form – there’s no need to leave the comfort of your home. All you need is a computer and Internet access because IRS.gov has a wealth of information.
ROSELAND – Do you have a plan for you or your family if a crisis occurs? Imagine not being able to contact your friends or family members. How would you know if everyone was safe?
NEWARK – JP Morgan Chase & Co. will pay a $1.1 million fine to settle a state investigation into the company’s sale of auction-rate securities, New Jersey officials announced today. The firm also agreed to repurchase approximately $91.25 million in securities from individual New Jersey investors.
Sometimes I miss the days before cell phones, email and voicemail. Sure, they’ve simplified our lives in many ways – remember how frustrating it was trying to reach people before answering machines?
SAYREVILLE – A prominent Democrat warned that Gov. Chris Christie’s 2 percent cap on local property tax increases could wind up hurting New Jersey taxpayers.