NO SURPRISE HERE

Just more documentation on how New Jersey’s politicians have totally FU-ed the state with their addiction to pork – the Tax Foundation has issued a “Fiscal Fact” with more data from “New Census Data on Property Taxes on Homeowners”.

The FF shows the Top 20 counties, with population of 20,000 or more, in median real estate taxes paid from 2005-2007. New Jersey has 13 counties on the list, including Hudson County (where I live) at #14. New York State, whose Westchester County tops the list, has 5 and Connecticut and Illinois have 1 each.

We really must "vote the bastards out" (including Corzine) this November!

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TAFN

LIKE OLIVER TWIST WE’RE LAST ON THE LIST – AGAIN!

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It is that time of the year when the Tax Foundation tells us which states are best for business by presenting the “2010 State Business Tax Climate Index”, its annual report on the "Business-Friendliness" of state tax systems.

The report tells us that “South Dakota has the most ‘business-friendly’ tax system, and New Jersey has the least". As a long-time resident of the Garden State NJ’s placement on the list is certainly no surprise to me. New Jersey was dead last on last year’s list as well.

“The top 10 states in the 2010 Index, from 1st to 10th, are South Dakota, Wyoming, Alaska, Nevada, Florida, Montana, New Hampshire, Delaware, Washington and Utah. The bottom 10 states, from 41st to 50th, are Vermont, Wisconsin, Minnesota, Rhode Island, Maryland, Iowa, Ohio, California, New York and New Jersey.”

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Hopefully voters will take heed and vote out Governor Corzine and his cronies in the upcoming election.
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TAFN

NJ-NATP FALL 2009 NEWSLETTER

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The Fall 2009 issue of the newsletter of the NJ chapter of the National Association of Tax Professionals is now available. My musings on “Those Wacky Clients” appears on Page 4. Click here to download the issue.

The President’s Message tells of the chapter’s upcoming “Breakfast Seminars” –

Thursday, October 29 – NJ attorney Michael Feinberg presents “Tips for Preparing NJ Estate and Inheritance Tax Returns” at Tinton Falls Holiday Inn (an excellent and knowledgeable speaker)

Thursday, December 10 – Kathryn Keane presents “NY/NJ Crossover Issues” at the Newark Airport Marriott (KK was a NATP national board member and President of the NY chapter).

I will post a link to the registration forms for the above when they become available.

And January 9, 2010 is the annual can’t miss “New Jersey Seminar” at the Woodbridge Hilton.

TAFN

NEW JERSEY STATE TAX NEWS

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The Summer 2009 issue of the New Jersey State Tax News is available to download. Click here.
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The lead article is on the NJ Homestead Rebate, and includes this quote – “no rebates will be paid to tenants who are not age 65 or disabled”.
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The issue also discusses the new legislation enacted to balance the budget.
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TAFN

NATP ANNUAL MEETING AND CONFERENCE AND ANNIVERSARY CRUISE

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The NJ chapter of the National Association of Tax Professionals is now accepting registrations for its Annual Meeting and Conference and a special 20th Anniversary Cruise.
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To celebrate NJ-NATP’s 20th Anniversary the chapter has arranged for a dinner cruise up the Hudson on Wednesday September 30, 2009. Boarding from Lincoln Harbor Marina in Weehawken begins at 6:30 PM. The cruise will be from 7:00 to 10:00.
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The cost of the evening is $85.00, all inclusive.
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Click here for more information or to register for the anniversary cruise.
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The 2009 Annual Meeting and Conference will be held on Thursday, October 1st at the Hilton Woodbridge at 120 Wood Avenue South in Iselin. Registration begins at 7:30 AM and the conference runs from 8:00 AM to 5:00 PM.
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The cost is $185 for members and $215 for non-members for registrations postmarked before September 15th, and $225 for all if postmarked on or after September 15th and at the door. Continental breakfast, lunch and afternoon dessert is included.
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As an anniversary special the chapter is offering a 2 for 1 special. Two participants, member or nonmember, can register for the price of one if postmarked before September 15th! That is $185 or $225 for two (2)!
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Popular NATP instructor Alice Orzechowski will address the conference on Form 1041, AMT Case Studies, Minimum Tax Credit Case Studies, and Real Estate Transactions. The special keynote speaker will be NATP CEO Kathy Stanek. Registrants will earn 8 CPE credits.
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Click here for more information or to register for the Conference.
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See you there!
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TAFN