Differing Laws of New Jersey and Florida
New Jersey has one of the highest income taxes in the nation. New Jersey’s income tax rate can range from 1.4% to 8.97% on state income. The state of Florida has no state income tax. Consequently, if you are a New Jersey resident and you want to reduce your potential tax liability, becoming a resident of Florida can help you do that.Ensuring your move meets legal criteria
If you are planning a move, or you currently have property and spend time in both states but are unsure which state is your legal residency, you need an experienced lawyer, well-versed in the laws of both jurisdictions, to make certain you take the right steps to legally change your domicile.Evidence of Intent to Establish New Domicile
There are several steps that you should take in order to legally establish a new domicile.Top reasons to become a Florida resident
There are many benefits to becoming a Florida resident.What our customers are saying
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Parag Patel is an excellent tax lawyer. He is a very approachable and answers all questions in detail and in a way that is easy to understand. If you have any offshore tax issues he is the guy you want to talk to. Highly recommended by me and my family.Meet Parag
Mr. Patel’s expertise is in all stages of tax controversies including international tax law, foreign bank accounts and disclosures, tax audit defense, and tax appeals. Mr. Patel has counseled over 1000 voluntary tax matters for assets before the US Internal Revenue Service.
Mr. Patel is a graduate of Georgetown (J.D.) and New York University (LL.M tax) law schools, which are the top 2 tax law schools in the United States. Mr. Patel is a Board Certified Tax Law Attorney, Board Certified Estate Planning Law Specialist, Board Certified Elder Law Attorney, and frequent speaker on legal issues affecting tax, offshore tax planning, and estate planning.
Mr. Patel is a New Jersey Super Lawyer by New Jersey Magazine for tax and estate planning. Mr. Patel has also received an AV rating from the Martindale-Hubbell Peer Review Rating System, which is the highest professional rating possible among lawyers. Mr. Patel is the Chairman of the Tax Law Committee of American Bar Association’s GP Solo and Small Firm Division. Mr. Patel is a member of the New Jersey State, New York State, Florida, and American Bar Associations. Mr. Patel has offices in New Jersey, New York, and Florida.
Mr. Patel also serves as Municipal Court Judge for Westfield Township and Edison Township Municipal Courts, with jurisdiction of vehicular violations, temporary restraining orders, criminal and ordinance offenses.
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Latest Blog Posts
The IRS is Hiring: Expect New Enforcement
I recently returned from the American Bar Association’s Taxation conference in Washington, D.C., which is the largest gathering of tax lawyers in the country. At the conference, I attended a speech given by the new IRS Commissioner Chuck Rettig where he mentioned a few intriguing areas of concern. Despite budget cuts, Commissioner Rettig stated that the…
The New IRS Voluntary Disclosure Practice: Not a Good Deal for Noncompliant Taxpayers
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IRS Announces Increased Enforcement on Form 5471
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