New Jersey’s Affordable Housing Projects: Tax Exemptions and Guidelines
May 29, 2024
The introduction of tax exemptions for affordable housing projects in New Jersey signifies a significant stride towards addressing the state’s housing affordability challenges. By providing financial relief to stakeholders involved in these initiatives, New Jersey reaffirms its commitment to promoting equitable access to housing for all its residents, irrespective of income levels. It’s imperative for stakeholders to leverage these exemptions effectively to maximize the positive impact on affordable housing development across the state.
Constitutionality of the Corporate Transparency Act
March 4, 2024
On March 1, 2024, the U.S. District Court in Alabama declared the Corporate Transparency Act (CTA) unconstitutional, challenging its mandate for a national database of business owners aimed at curbing financial crimes. The Court found the Act exceeded legislative powers, failing the “necessary and proper” test. This pivotal decision, favoring the National Small Business Association’s injunction request, raises questions on the enforcement implications for non-party companies. The ruling’s broader impact on financial crime prevention efforts remains under scrutiny as developments continue.
Martin D. Hauptman Addresses Social Security Questions on 401(k) Withdrawals
January 31, 2024
For individuals seeking clarity on their potential circumstances, the Social Security Administration provides charts for income levels and filing statuses, accessible through this link. Additionally, it offers guidance on calculating Modified Adjusted Gross Income.
IRS Announces Pandemic-Related Penalty Relief for Millions
December 22, 2023
The Internal Revenue Service (IRS) has introduced a substantial relief measure in response to COVID-19 challenges. The $1 billion initiative benefits approximately 4.7 million taxpayers who missed automated collection reminders during the pandemic. With a focus on those earning under $400,000 annually, the IRS plans to resume regular collection procedures while offering a more lenient approach to overdue tax bills.
Mandelbaum Barrett PC named to 2024 Best Law Firms
November 9, 2023
Mandelbaum Barrett PC is thrilled to announce that once again we have been recognized by Best Lawyers on their “2024 Best Law Firms®” list! This recognition highlights the ongoing excellence of our dedicated team of attorneys, underscoring our unwavering commitment to providing top-notch legal services and ensuring client satisfaction. We take pride in the fact that 16 of our practice […]
Mandelbaum Barrett PC Earns Prestigious Inc. 2023 Power Partner Award for Excellence in Legal Services
November 7, 2023
We are thrilled to announce that Mandelbaum Barrett PC has been honored with the prestigious title of Inc.’s 2023 Power Partner! This recognition reflects our unwavering dedication to delivering exceptional legal services and our relentless commitment to offering comprehensive support to our valued clients. We understand that our success is intrinsically tied to yours, and we are honored to stand by your side on your journey to success.
New IRS Cybersecurity Requirements for CPAs and Accounting Practices
January 17, 2023
Stay ahead of the game and protect your business and clients’ information with the latest IRS cybersecurity requirements for CPAs and Accounting practices. Learn about the new Written Information Security Plan (WISP) and FTC SafeGuards Rule. Partner and Chief Cybersecurity Legal Officer Steven Teppler, and Partner in the Firm’s Trusts & Estates and Taxation practice […]
8th Tax, Trusts & Estates Forum
December 9, 2022
For the first time in two years we hosted our Tax Trusts and Estates Forum in person! We were thrilled to see so many familiar faces, and to welcome new ones. This event is focused on helping business owners and financial advisors stay on top of current changes to IRS rules, learn best practices and […]
Do I have to pay sales tax to N.J. on my boat?
May 10, 2022
Martin D. Hauptman, Esq., a Tax attorney at Mandelbaum Barrett PC recently answered that question for NJ.com. Find out what he says: https://bit.ly/3sqWWAX