Avalon is a borough in Cape May County, New Jersey, on Seven Mile Island. The town is one of the most affluent communities along the Jersey Shore and is home to some of the most expensive real estate on the east coast. In 2007, Forbes listed Avalon to be the 65th most expensive zip code in the United States. The Washingtonian magazine even named Avalon the "chicest beach" in the mid-Atlantic, the place to see women in diamonds and designer swimwear. The crowd is mostly upper class from the greater Philadelphia area. A small portion of Avalon is not on Seven Mile Island. It is part of the Ocean City Metropolitan Statistical Area. As of the United States 2000 Census, the full-time borough population was 2,143, although it swells during the summer months. Avalon was incorporated as a borough by an act of the New Jersey Legislature on April 18, 1892, from portions of Middle Township, based on the results of a referendum held two days earlier. The borough was reincorporated on March 6, 1896, and again on May 4, 1897. Another portion of Middle Township was annexed in 1910. On December 27, 1941, portions of Avalon were ceded to Stone Harbor. Avalon, famous for being a South Jersey seashore resort, has the motto "Cooler by a Mile", since it juts out into the Atlantic Ocean about a mile farther than other barrier island resorts. The motto also refers to the fact that Avalon occupies 4 miles of Seven Mile Island whereas neighbor Stone Harbor occupies 3. It was ranked the seventh best beach in New Jersey in the 2008 Top 10 Beaches Contest sponsored by the New Jersey Marine Sciences Consortium.

What is tax law?

Tax law is the codified system of laws that describes taxes on economic transactions. Tax attorneys advise and represent individuals and businesses on all types of tax issues -- including income tax, payroll tax, property tax, and estate and gift taxes. Tax attorneys ensure that their clients are in compliance with federal and state laws and regulations, and represent taxpayers in enforcement proceedings initiated by the Internal Revenue Service (IRS) and/or state taxation agencies.

Answers to tax law issues in New Jersey

In the administration of any estate of a person who has passed away, there may be significant tax consequences. An...

At the federal level, the primary tax is the income tax. Most know this form of taxation by the completion of the...

The IRS can seize just about anything you own-including your home and pension plans. There is a list of items exempt...

The federal government imposes estate taxes only if your property is worth more than a certain amount at your death...

Most types of businesses-sole proprietorships, partnerships, corporations that have qualified for subchapter S...

Non-profits will want to apply for and obtain federal and state nonprofit tax exemptions. Many groups don't want to...

The Tax Relief and Health Care Act of 2006 made significant changes to the Informants Reward Program under the False...