More details to this question:
A friend passed away (lived and passed in New Jersey) and I (living in New York) am named in the will as a beneficiary to receive a $4500 check. I have a couple of questions I hope to receive help with: 1) Am I correct that, even though I live in New York, I have to pay the New Jersey inheritance tax? 2) If my research is correct, I am a class "D" beneficiary and will be taxed 15% ($675)? 3) Am I expected to pay the tax ASAP on my own after receiving the check? Or will the state of New Jersey send me a form/mailing?
1 ANSWER
Criminal Defense Attorney serving Toms River, NJ
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Edward J. Dimon
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We have an attorney, Joseph LaCosta, Esq. who is both a tax attorney and a CPA. He will have the answer and can guide you. The costs are minimal. Please call. Ed Dimon, Esq. 732-797-1600 ext 235.
Answered on Apr 16th, 2021 at 7:46 AM