Entries by Winne Banta

IRS TAX YEAR END UPDATE

2022 YEAR-END TAX ALERT The US Internal Revenue Service has announced their annual adjustments to exclusions and exemptions due to inflation.                                                                     […]

IRS Expands Time to Claim Portability – Providing Tax Relief to Surviving Spouse and Their Families

  From 2011, an individual has been eligible to carry over the unused portion of his or her deceased spouse’s Federal Estate Tax Credit, known as a Deceased Spouse Unused Election (DSUE) through a process known as Portability.  Portability carries the potential of a massive tax savings for the children of married couples.  Originally, a […]

THE INFLATION REDUCTION ACT OF 2022

On August 16, President Joe Biden signed the Inflation Reduction Act of 2022 (the “Act”) into law.  The Act is comprised of several key sections which will both increase revenue and spending. The spending aspects of the Act involve: Prescription Drugs and Medicare The Act expands eligibility for low-income Medicare programs, provides free vaccines, provides […]

Building Bergen – Real Estate Today

  On Thursday, June 2nd from 8:00(AM) to 10:30(AM) Building Bergen will be having panelists of community leaders and business executives discuss what has happened in Bergen County over the past two years, where things stand today and what we can look forward to in the near future. You won’t want to miss this! Register […]

BRUCE ROSENBERG SECURES SPECIAL EXCEPTION APPROVAL FOR HOUSE OF WORSHIP

Bruce Rosenberg has successfully secured a special exception approval from the New Jersey Sports and Exposition Authority (NJSEA) for the Dongsan Alliance Church. The approval will allow the Church to construct a 41,756 square foot House of Worship in Little Ferry.  The House of Worship will include a 598-seat sanctuary, accessory offices, assembly, and classroom […]

BRUCE ROSENBERG SECURES USE APPROVAL

Bruce Rosenberg has secured a use approval from the West Caldwell Planning Board for Miretti Americas LLC.  Miretti Americas will be occupying the entire premises located at 1 Fairfield Crescent, consisting of 34,000 square feet. With this approval, Miretti Americas will continue to be able to provide state of the art specialty forklift fabrication services to the oil and […]

Small Business Improvement Grant — Applications Are Open!

The New Jersey Economic Development Authority (“NJEDA”) released the Small Business Improvement Grant (the “Grant”) on February 10, 2022, at 10:00 a.m. The Grant will allow small businesses and nonprofits to obtain up to 50% reimbursement for building improvements or purchases/installation of new furniture, fixtures, and equipment (“Projects”). Only one award will be granted per […]

Remote Notarization is Here to Stay

In March of 2020 when the COVID-19 pandemic hit, Governor Murphy declared a State of Emergency and a Public Health Emergency which quickly put emergency procedures in place. These procedures allowed the State to continue on a somewhat normal basis. One of the many procedures included the authorization of remote notarization. This meant that an […]

Building Bergen Newsletter December 2021

In this issue: Hackensack Redevelopment: Where It’s Come From, Where It’s Going   •  Hackensack On the Rise  •  Residential Real Estate in Hackensack Hackensack Redevelopment: Where It’s Come From, Where It’s Going It may seem a short time ago – or it may seem like a lifetime – but it has been ten years since the Hackensack […]