Revaluation or Malassessment In New Jersey

- A revaluation is an activity performed by the local tax assessor for the municipality to appraise all real property within its borders according to the prevailing market value. The difference between a revaluation and a reassessment is that the assessor hires a revaluation company to perform the work if it is called a revaluation versus doing the work in house with the staff of the assessor's office in the case of a reassessment. The sole constitutional purpose of a revaluation is to spread the property tax burden equitably among all property owners within a municipality. Generally, delays in updating assessments to reflect changing physical and economic conditions lead to Malassessment

Why Should I Apply For A Home Improvement Tax Deduction?

It's come time to make some improvements on your house and the prospect seems daunting. However, there is some light in the darkness, a home improvement tax deduction is available in the right instance. Find out more...

What To Do If You Have An IRS Wage Garnishment

Having problems with the IRS? Learn How to negotiate to your benefit.

Farmland Assessment Program in New Jersey - The Story Of One Farm

This is a story about one farm in New Jersey and how developmental pressure caused property taxes to increase to the point where the farm had to be sold. It is also the story of how legislators in Trenton, with the swift adoption of the farmland assessment program, responded to the angry overtaxed farmers who buttonholed them. It also examines the provisions of the current three year rollback tax provisions contained in the farmland assessment program and how the value of that rollback tax has been eroded over time.

Back Taxes, You Forgot to File, Now What?

The tax liability that IRS computes stands as the collection amount UNTIL you file your tax return for that year. And of course their tax return almost always generates a higher tax liability then if you had filed your own taxes!

How Can I Qualify For A Mortgage Tax Deduction?

When buying a home there are many tax benefits you can take advantage of, including a mortgage tax deduction. Besides a real estate deduction, a mortgage tax deduction can be a great benefit. Find out more...

Are You Getting the Most Out of Your Home?

When you buy a home, you are also buying a lot of different tax breaks. Make sure that you are taking advantage of them.

Grassley Pushes For Change To Executive Pay Tax Laws

Senate Finance Chairman Chuck Grassley said on Wednesday that he will continue to examine whether the tax policy that appears to encourage backdating needs to be changed.

IRS and California To Crackdown On Options Backdating Together

The IRS has joined with California's local stock options backdating task force to investigate alleged backdating of stock options iwth an intent to defraud.

Expired Tax Cuts Get Another Chance

Senate Finance Committee Chairman Chuck Grassley is urging fellow Senators to quickly pass a series of expired tax cuts. Grassley says that without the legislation, taxpayers will face confusion and compliance problems.

Retention of Tax Records - Keep or Toss

The importance of safely retaining financial records. If you have ever applied for a loan or been through a tax examination, you also know the need to have adequate records. But what are adequate records and how long do you need to keep them?

Who Hates Taxes?

I would love to pay a lot of taxes, A LOT! Crazy you say, well the reality is unless I am going to dodge the law and take my chances I am going to have to pay taxes.

Raising Taxes is Bad Economic Policy; It is Bad for Our Nation

Recently, I watched the debate on television regarding the Bush administration's tax cuts and some Democrats were saying that they did not want to extend those tax cuts into the future. But isn't that really simply saying we want to raise your taxes? Personally, I don't want my taxes raised and I do not want any more taxes on my small business.

How Long Does the IRS Have to Collect Taxes From You?

IRS can extend the ten-year period by suing you in federal court. This does not happen very often, so I am told.