Levine, Jacobs & Company, LLC, Member Offers NJ Homeowner Tax Advice
Michael H. Karu, CPA/CFF, quoted on NJ.com regarding tax solutions.
- Newark, NJ (1888PressRelease) February 19, 2021 - Michael H. Karu, CPA/CFF, senior member, Levine, Jacobs & Company, LLC., was highlighted on NJ.com where he answered the question “I can't afford NJ, how will my home sale be taxed?”
The profit on the sale of your personal residence is only taxable if it exceeds $250,000 for an individual or $500,000 if you are married and filing a joint tax return, Karu addressed the concerns of seeking tax help.
According to Karu, “The basis is calculated by adding the purchase price, the closing costs on both the purchase and sale, and any improvements made to the home."
To read the article, please click here.
To speak with and/or set up an interview with Michael Karu, please contact Amy Delman, Amy Delman Public Relations, LLC, 201.563.4614 or amydelmanpr ( @ ) verizon dot net dot
Michael H. Karu, CPA/CFF, is the senior member of Levine, Jacobs & Company, LLC, a Livingston-based accounting and consulting firm. He is qualified by the Superior Court of New Jersey, Family Part, as an expert witness and as an authority on business valuations, specifically for closely held or family-owned businesses. Additionally, he is a Certified Divorce Mediator and is Certified in Financial Forensics.
Karu received his B.S. degree in Business Administration from The Ohio State University and holds professional memberships in the American Institute of Certified Public Accountants, the AICPA Tax Division and the AICPA Business Valuation, Forensics and Litigation Services Section, as well as the NJ State Society of CPAs. Karu is a published author of numerous articles seen in trade and consumer publications and has been a guest on radio and television shows.
Levine, Jacobs & Company, L.L.C. maintains memberships in the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants. The firm prides itself on its teamwork abilities where “every account receives the talent and expertise of the whole firm.”
Media Contact:
Amy Delman
Amy Delman Public Relations, LLC
201.563.4614
amydelmanpr ( @ ) verizon dot net
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