Do you want more information about the changes brought by tax reform? Major tax law changes have affected every taxpayer. That’s why the IRS has developed an online publication and other resources to help...

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The New Jersey Division of Taxation has published guidance related to the filing, income reporting requirements and payment responsibilities of partnerships. The publication discusses the NJ adjustments to taxable income that are applicable for...

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Criminals continue to steal large amounts of information from taxpayers. Thieves use the data to file bogus tax returns and commit crimes while impersonating victims. The IRS lists several steps to take to ensure...

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The New Jersey Division of Taxation (DOT) has updated its publication on the filing status that taxpayers should use when filing gross income tax returns. The DOT explains that taxpayers must use the same...

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If you owe federal taxes, there are several ways to pay. While it’s always best to pay taxes when due to avoid penalties and interest, installment plans may be available for eligible taxpayers. Payments...

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The New Jersey Division of Taxation has updated a summary of important tax changes for the 2018 tax year. A Read full article here.  

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The Congressional Budget Office just published a report entitled “Marginal Federal Tax Rates on Labor Income: 1962 to 2028.” The marginal tax rate is defined as “the percentage of an additional dollar of earnings...

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New Jersey will soon require managerial members to register combined groups. For tax years ending on and after 7/31/19, commonly owned companies engaged in a unitary business are required to calculate their corporation business...

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The Congressional Budget Office (CBO) recently published “Options for Reducing the Deficit: 2019 to 2028.” The report presented 121 options that, according to the CBO, “would decrease federal spending or increase federal revenues over...

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A temporary surtax in addition to the annual corporation franchise tax is being imposed on companies with NJ allocated taxable net income exceeding $1 million. The rates are 2.5% for tax years 1/1/18 through...

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