by Leslie Marenco | Nov 11, 2014 | Articles, Income Tax, IRS
The IRS taxes different kinds of income at different rates. Capital gains, such as profits from a stock sale or the sale of investment real estate (1031 exchanges are discussed in another blog post), are generally taxed at a more favorable rate than your salary or...
by Leslie Marenco | Nov 11, 2014 | Articles, Celebrity Estates, Estate Planning
When John Lennon of the Beatles was tragically murdered in 1980, his widow, Yoko Ono, took charge of his legacy and his fortune. As arguably the most successful songwriter of all time, what did Lennon leave behind? According to Lennon’s first wife Cynthia, as...
by Leslie Marenco | Nov 11, 2014 | Articles, Business/ Corporate Law, Income Tax, IRS
Generally, a 1031 exchange (also called a like-kind exchange) is a swap of one business or investment asset for another.In effect, you can change the form of your investment without (as the IRS sees it) cashing out or recognizing a capital gain. That allows your...
by Leslie Marenco | Nov 8, 2014 | Articles, Case Law
A New Jersey entrepreneur who sells organic dog treats under the label, “Snaks 5th Avenchew” has prevailed in her fight to keep the name after a short scrap with fashion retailer Saks Fifth Avenue. Carrie Sarabella, who sells her organic dog treats online and direct...
by Leslie Marenco | Nov 7, 2014 | Articles, Estate Planning
Creating an estate plan to protect your financial future and that of your family is just the first step in the estate planning process. Once those documents are executed, you will still need to review your plan annually to ensure it continues to reflect your needs and...
by Leslie Marenco | Nov 6, 2014 | Articles, Estate Planning
Most of my clients are healthy when they contact me. Estate planning is something in which they are engaging as a precautionary measure rather than because they expect to die within a short amount of time. But not always. Occasionally, clients contact me after...
