Have You Thought About Estate Planning For Your Elderly Parents?

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Mark Your Calendar - Important Dates...  

  • September 15th - Income tax returns for calendar year corporations on extension
  • October 15th - Income tax returns for individuals on extension
  • October 20th - NJ quarterly sales & use tax
  • October 30th- Quarterly payroll returns

Have You Thought About Estate Planning For Your Elderly Parents?

No one actually looks forward to the topic of estate planning and taxes. But waiting until mom or dad is ready to enter into a nursing home will leave you trying to rush through a complex process. New Jersey is one of many states that has an estate taxand inheritance taxes that most people don't even know about.  

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Many people pay estate taxes that could have been minimized, or at least planned for. For some, a good plan may call for elderly parents to start gifting to family members. On the other hand, I have seen some folks rush to get assets out of parent's names without understanding or taking into account potential capital gains and gift tax issues. Each family situation is different and could be quite complex.  

There is a lot to consider! Planning ahead will make a huge difference to your family's finances. If you bring me into the scenario after the fact, it will certainly be too late.  Give us a call TODAY so we can help you plan for tomorrow! 

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If you're contemplating an exciting new start-up venture, then understanding your tax obligation may not sound exciting. However, it truly is one crucial key to business success. When you start a business, you need to know about tax structures, income taxes, payroll taxes and much more. Can you use some help deciphering all this to your best advantage?



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Louri Rivero Borr is a CPA licensed in both NJ and NY, with over 25 years of experience. The firm can provide you with unparalleled accounting services, provide tax services and advice, and perform audits, reviews or compilations.

Our clients, businesses and individuals, can expect us to cater to their unique needs. As member of QuickBooks Professional Adviser program, we can help you with your accounting software needs. You will receive personal attention and expert service from start to finish. Our mission is to focus on your current needs and future requirements.

Call 908-935-0181 for an appointment. Visit our website at www.riverocpa.com.

The opinions expressed herein are the writer's alone, and do not reflect the opinions of TAPinto.net or anyone who works for TAPinto.net. TAPinto.net is not responsible for the accuracy of any of the information supplied by the writer.

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