The New Jersey State Treasurer reports that as a result of L. 2019, A5607, there are increases to annual report filing fees. Read full article here.  

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Divorcing or separating taxpayers need to be aware of how the breakup of a marriage may affect their 2019 tax returns. The tax treatment of alimony and separation payments changed for divorce and separation...

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The IRS offers some “summertime tax tips” for a sunnier tax season. For example, newlyweds should report any name changes to the Social Security Administration before filing tax returns next year. Report address changes...

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Do you make money from a hobby? If so, you have taxable income that must be reported on your tax return. A taxpayer who engages in an activity for sport or recreation is considered...

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An IRS tool makes completing the Free Application for Federal Student Aid (FAFSA) form easier. In a tax tip, the IRS is advising college students and their families that, when filling out the FAFSA...

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Do you work for tips? Generally, income received as tips is taxable. This includes gratuities received directly from customers, added to credit cards, and received from tip-splitting agreements with other employees. Employees who receive...

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Here’s a reminder that the IRS will soon end two services in an effort to protect taxpayers from identity theft. The tax agency announced it will stop its tax transcript faxing service on June...

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The IRS is accepting renewal applications for Individual Taxpayer Identification Numbers (ITINs) that will expire by the end of the year. Affected taxpayers should submit renewal applications as soon as possible to avoid an...

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The “Taxpayer First Act” passed by a voice vote on June 13. The bill includes provisions to improve customer service and enhance taxpayers’ rights. In addition, it contains provisions to protect personal data in...

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To enhance security, the IRS will soon end some taxpayer services. Currently, taxpayers who need transcripts (summaries) of their filed tax returns can request them from the IRS. Third parties, such as lenders or...

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