Michael M Marques

Michael M. Marques is the founder and principal attorney of The Marques Law Firm, PLLC. The firm focuses on estate planning, wealth preservation, tax audit, business formation as well as internet, eCommerce and personal injury.

Michael was previously with the Law Offices of Kiepura & Associates, a sophisticated boutique law firm focused on personal and corporate tax and finance law. Michael has represented numerous clients on a wide range of issues from comprehensive estate plans to large Internal Revenue Service and state audits.

• FaceTime
• Google Meet
• Skype
• Zoom
• Microsoft Teams

• Free Consultation
  Free Consultation
• Credit Cards Accepted
• Contingent Fees
• Rates, Retainers and Additional Information
  Flat Rate Fees

Massachusetts

Massachusetts Board of Bar Overseers

New York

New York State Office of Court Administration

United States District Court of Massachusetts

United States Tax Court

Principal and Founder

The Marques Law Firm, PLLC

Current

Associate

Law Offices of Kiepura & Associates

2009 - 2015

Law Clerk

Office of the New York State Attorney General

2008 - 2009

Assumption College

B.A. | Physics and Political Science

Honors: Honors

College of Saint Rose

MBA | Business Management, Business Admininstration

Honors: Honors

Albany Law School

J.D. | Estate Planning, Taxation

Accredited Business

Better Business Bureau (BBB)

2023

Client-Reviewed

Martindale-Hubbell

2023

Five Stars

American Bar Association

Member

Current

New York State Bar Association

Member

Current

New York City Bar Association

Member

Current

Saratoga Bar Association

Member

Current

Federal Bar Association

Member

Current

Q. Hello. I live in Nj and work in Ny and i get both taxes deducted on my paycheck is this normal

December 25, 2023

A: Yes. Although you do have to file taxes with New York and New Jersey, you don't have to pay double taxes. If you live in New Jersey, the state will tax you on your income regardless of where you work. If you work in New York, then New York will tax you on your New York sourced income. However, you will not be required to pay state income twice. New Jersey will allow you to take a credit on your New Jersey income tax return for the tax you paid to another state. This eliminates double taxation. What you should do is include your New York wages on your New Jersey income tax return. In New York, you will need to file a non-resident return (IT-203). In New Jersey, you will need to file as a resident (NJ-1040).

New Jersey residents will receive a tax credit on their New Jersey return for any tax paid to New York, or another state, on income earned in and taxed to both states. This requires filing a Schedule NJ-COJ “Credit for Income or Wage Taxes Paid to Other Jurisdictions.” This tax credit provides relief from double taxation. It is usually best to consult with a tax attorney or accountant that specializes in handling multi-state tax returns. The final result will be that you only pay state tax on your income to the state where the income is earned.

If you have been living in New Jersey and working in New York for a number of years and have not had your tax returns filed properly, you will want to go back and file a form NJ-1040X “New Jersey Amended Income Tax Return” for each year that you did not have the tax returns filed properly. You may have refunds due to you.

This link will give you more information:

https://www.nj.gov/treasury/taxation/njit14.shtml ... Read More

Q. I am a senior citizen on a fixed income. Yesterday I received 3 notices from the nys tax people. It seems they have gone

December 25, 2023

A: The first step is to compile all of your tax records. Contact previous employers or state agencies where you received your income and ask for the applicable tax forms that were filed. If you or your former employer no longer have any records for those years and you used a tax service to file your returns, you may begin by contacting the tax service to see if they have records of your returns. If you qualify as low-income, you may be able to contact a number of low-income or pro bono tax agencies that can assist you at no cost. For example, Albany Law School and the The Legal Aid Society of Northeastern New York both have Low-income Taxpayer Clinics which has law students, under the supervision of an attorney, represent clients at no cost. Lastly, if it is determined that you do owe the debt, you may qualify for an Offer In Compromise, a payment plan which help pay back the debt, a small amount at a time. I have negotiated Offers In Compromise for as little as $25 or $50 per month when the client's income was low enough. ... Read More

Q. If an executor is on a bank account does that make the money theirs or does that money get considered in the will?

December 25, 2023

A: The issue here is whether the "executor on the bank account" is named as the beneficiary or a co-owner of the account. Bank accounts can have more than one owner and / or can be named in trust for (ITF) another individual, the beneficiary. If the executor also happens to be the co-owner of the account of the named beneficiary of the account, then the executor would receive the full value of the account, bypassing probate or any provisions in the decedent's will. The important question is to inquire as to how exactly is the bank account titled?