Tax Updates

NJ Legislation Impacts Trustees, Trusts and Beneficiaries
NJ Legislation Impacts Trustees, Trusts and Beneficiaries 150 150 SAX LLP - Advisory, Audit and Accounting

Recent legislation enacted by New Jersey lawmakers has a significant impact on trustees, trusts and their beneficiaries. The Uniform Trust Code (“Code”) became effective in New Jersey on July 17,…

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New Qualified Improvement Property Eligible for Bonus Depreciation
New Qualified Improvement Property Eligible for Bonus Depreciation 150 150 SAX LLP - Advisory, Audit and Accounting

The Protecting Americans from Tax Hikes (PATH) Act of 2015 modified, extended and made permanent several provisions relating to bonus depreciation. One change that seems to have gone relatively unnoticed…

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