26 Feb How is tax paid when an estate is the beneficiary of an IRA?
More will go to taxes when an estate is a beneficiary....
25 Feb We are in our late 70s. Should we convert our IRAs to a Roth?
There are many advantages to converting a traditional IRA to a Roth. ...
25 Feb Do I have to pay sales tax on a car that was gifted?
You may need to pay sales tax to the state of New Jersey. ...
23 Feb Can I use company stock to pay back a 401(k) COVID withdrawal?
If you pay back the money, you won't have any tax liability. ...
22 Feb How will our N.Y.C. pensions be taxed if we move to N.J.?
You could pay no taxes in New Jersey, as long as your income isn't too high. ...
18 Feb My mom added us to her deed and then died. Do we owe taxes?
You may received a step-up in basis when you inherit a home. ...
17 Feb Can I use a COVID withdrawal to invest in a Roth IRA?
There are specific rules to follow when you have a CARES Act withdrawal....
16 Feb Are COVID withdrawals a way to get funds out of my costly 401(k)?
There are several strategies to get funds out of a 401(k) that has high fees. ...
15 Feb When are taxes due on a 2021 Roth IRA conversion?
Taxes on a conversion are due in the year the conversion is made. ...
12 Feb I can’t afford N.J. How will my home sale be taxed?
If your home sells for a profit, you may still now owe taxes. ...