UPDATE: Gov. Murphy signed legislation allowing a notary public to perform notarial services remotely during the COVID-19 public health emergency.
Under the new law, a notarial act can be performed remotely if the notary either has:
- personal knowledge of the member of the public’s identity
- a witness either by oath or affirmation that can identify the person seeking a notarial act and has at least two forms of identity.
Remote notarial acts can take place immediately and will continue during the COVID-19 state of emergency. A copy of the new law can be found at https://www.njleg.state.nj.us/2020/Bills/A4000/3903_R1.PDF.
IRS Extends Deadlines For 1031, Opportunity Zone Investors
The National Association of Realtors told its members the decision benefits investors who are involved in 1031 exchanges or opportunity zone investments. With 1031 exchanges, investors who have to either identify or close on a property between April 1 and July 15 now have until July 15.
Although many experts called for the IRS to extend these deadlines, what the agency released Thursday night was met with more confusion than applause. It doesn't address like-kind exchanges or opportunity zone investments specifically, but tax experts agreed they are covered under the broadening of the extension.
“Lots of really smart and really knowledgable people are just scratching their heads on this," said Suzanne Goldstein Baker, the general counsel of Investment Property Exchange Services Inc.
South Jersey now has several Coronavirus testing sites. These locations are for residents of the counties, by appointment and having met certain criteria for testing. We will keep you posted as additional sites open.
Atlantic County: Hamilton Mall parking lot
Cape May County: By appointment.
Cumberland County: By appointment.