Tax Information And Guide

Tax Software A little-known state law effectively provides tax exemptions for large landowners. It came to public light during recent Ringwood Planning Board hearings on a 150-acre development in the Highlands.

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Software Tax In making the case for the right to build 39 homes in this pristine watershed, the attorney declared that that his client had dutifully paid his taxes every year for 18 years. The annual property taxes on those 150 acres was $810. This is quite extraordinary when one recognizes that the average Ringwood resident with a house on one acre can pay more than $11,000 per year.

known state law effectively provides tax exemptions for large landowners. acre development in the Highlands. In making the case for the right to build 39 homes in this pristine watershed, the attorney declared that that his client had dutifully paid his taxes every year for 18 years. The annual property taxes on those 150 acres was $810. This is quite extraordinary when one recognizes that the average Ringwood resident with a house on one acre can pay more than $11, 000 per year.

Every Landlord Tax Deduction Just what state law creates such an exaggerated disparity in property taxes? The farm exemption tax.

-- Americans for Fair Taxation Executive Director Thomas A. Wright asked the panel to back the Fair Tax Plan. It would tax all new goods and services at $0.23 of every $1.00 spent. This would replace federal income, estate, and payroll taxes with a progressive, national retail sales tax system administered through existing state sales tax operations. "Prebates" would be issued to every family, ensuring no taxpayer paid any federal tax up to a poverty level.

Tax Help Anyone owning more than five acres who cuts down trees annually, sells the wood, and realizes $600 in income qualifies for the farm exemption. Originally meant to help farmers keep their farms, the law has been abused by non-farming landowners who are simply opportunists.

United States Tax Court www.ustaxcourt.gov The U.S. related offenses. This site describes the process the court uses, presents FAQs about what's involved when a case goes to tax court, and gives contact information for court offices and judges. Yahoo! Taxes taxes.yahoo.com The giant search engine's Taxes page includes Tax Tips, a Tax Guide For Investors, Tax Education, and resources that can help users find an accountant or talk with others on the Yahoo! message board.

Help Tax It is high time the governor and the Legislature reform this old law. Then perhaps all of Trenton's talk about relieving homeowner taxes will be credible.

Read the family finance guide from Moneynet.co.uk, providing information on family finance issues such as child trust funds (CTF's) and child tax credits.

Ernst Ernst Guide Guide Tax Ned Clausen
Ringwood, NJ

Tax Return Bergen Record - 1/26/2004

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