by Torzewski & McInerney, LLC | Sep 30, 2021 | Tax Planning
In New Jersey, business owners and people of means who are thinking about their taxes should be prepared for every eventuality. This is especially true when lawmakers are considering raising taxes for various programs. Depending on the political viewpoint of those in...
by Torzewski & McInerney, LLC | Jun 30, 2021 | Tax Planning
As an independent contractor, you have the responsibility to handle all income tax liabilities. The company with which you work will not pay the normal employer portion of taxes, which means you must do that when filing your taxes each year. SmartAsset explains you...
by Torzewski & McInerney, LLC | Mar 12, 2021 | Tax Planning
As a New Jersey resident, you may create a will, bequeathing your assets to family members, friends and charities. However, that may leave them subject to the inheritance tax, which can become costly. However, you can take steps that minimize or avoid the tax...
by Torzewski & McInerney, LLC | Jan 8, 2021 | Tax Planning
As you go about creating and implementing your estate plan so as to minimize your estate tax exposure and your heirs’ inheritance tax exposure, you likely think in terms of the federal taxes. You should not forget, however, that New Jersey taxes come into play as...
by Torzewski & McInerney, LLC | Jan 4, 2021 | Tax Planning
There are few if any universal truths when it comes to estate law. However, whether you are currently in the process of working through an inheritance or you are planning for your own family’s future, tax is likely to be a major concern. When it comes to selling...
by Torzewski & McInerney, LLC | Sep 4, 2020 | Tax Planning
One of the most important elements of estate planning is ensuring that upon your passing, your beneficiaries in Morristown are not left having to deal with a large number of liabilities facing your estate. Thus, you may plan to settle your outstanding debts and even...