KRS partner Maria T. Rollins, CPA, MST, shared expert advice on tax requirements for recipients of an inheritance, in a July 2015 article in NJ BUSINESS magazine.
Rollins specifically addressed the misconceptions that New Jersey residents have regarding joint bank accounts shared with a decedent, and the corresponding tax implications they could face. New Jersey is one of only two states with both estate and inheritance taxes, making it difficult to navigate the state’s tax requirements. As head of the tax division of KRS, Rollins expertly manages estate issues for clients, guiding them through the complexities of both state and federal obligations.
NJ BUSINESS has more than 121,000 readers monthly, reaching influential executive and legislative decision makers throughout New Jersey.
Click here to read the complete article entitled Trials, Tribulations and Taxes: NJ residents and their families feel the brunt of estate and inheritance taxes..