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New Jersey Sandy Relief Applications

Taxonomy: 
Real Estate
Body: 

An article today on nj.com talks about the applications for various grant programs to assist those who were impacted by Superstorm Sandy in the Garden State.

"In just five days, more than 5,000 New Jersey homeowners have applied for a share of $780 million that will help them repair or lift their Hurricane Sandy-pummeled houses, according to the New Jersey Department of Community Affairs."

Mid-Atlantic Real Estate Journal

Taxonomy: 
Real Estate
Body: 

Internal Revenue Code Section 469 - Passive Activity in Real Estate.

"The passive activity loss rules have developed into a complicated set of guidelines since their inception.  If you keep in mind the and have a general understanding of the principles that drive loss limitations in this area, you will have a good foundation for selecting investment strategies that allow you to take full advantage of the passive activity rules."

Check out the full published article here:

Superstorm Sandy Deadline Extended in New Jersey

Taxonomy: 
Real Estate
Body: 

Are you a New Jersey resident who was impacted by Superstorm Sandy? The filing deadline for disaster assistance through the Federal Emergency Management Agency (FEMA) has been extended to April 1st 2013.

Click on the link for more information and contact us with any questions.

http://www.njscpa.org/news/article/2013/03/01/sandy-disaster-assistance-registration-extended-to-april-nbsp-1

Sandy Relief Workshop with the NY Fed

Taxonomy: 
Real Estate
Body: 

On February 12th two of our accountants, Patricia Yutz, CPA and Maria DeGennaro will be heading to the Westin Jersey City Newport in an effort to help small businesses get the information they need to navigate the many financial challenges and tax implications that have come to the forefront due to Sandy's aftermath.

If you're a business or individual in the area please feel free to stop by, the event is free and goes from 11:00AM - 3:00PM.

New Jersey 2013 Property Tax

Taxonomy: 
Real Estate
Body: 

An article from The Star Ledger published yesterday outlined information regarding NJ Property taxes and their changes over the past year.

An excerpt from the article:

"New Jersey homeowner taxes went up 1.7 percent last year, the smallest bump in more than two decades and a hard-fought milestone for one of the highest-taxed states in America.

Residents paid $7,870.28 on average in property taxes for 2012, an increase of $132.46, a Star-Ledger analysis of all 566 municipalities shows."