Tax | Cg Tax, Audit & Advisory

15 Oct

Child Tax Credit & Other Dependents

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October 14, 2019

Taxpayers with children may qualify to claim the child credit. But your child must meet certain requirements, including being under the age of 17. If the child doesn’t meet the requirements, you may be...

08 Oct

Federal Tax, Tax

IRS Notices and Letters

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September 27, 2019

The IRS sends notices or letters to taxpayers for a variety of reasons. According to the agency, it sends out these communiques because the taxpayer has a balance due or is due a larger...

03 Oct

State & Local Tax, Tax

Angel Investment Tax Credit

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September 24, 2019

New Jersey bumps up its “angel investment” tax credit. The state is increasing the amount of the “corporation business and gross income” tax credits available for qualified investments under the NJ Angel Investor Tax...

01 Oct

Federal Tax, Tax

October 15 Deadline Approaching!

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September 26, 2019

Did you request an automatic six-month extension to file your 2018 tax return? If so, time’s running out. For most extended filers, the deadline is Tuesday, Oct. 15. Special rules apply to members of...

26 Sep

State & Local Tax, Tax

NJ Gas Tax Rate Stable

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September 25, 2019

The New Jersey State Treasurer has announced that the 26.9¢ per gallon petroleum products gross receipts tax rate will remain stable for the coming year. When combined with the motor fuels tax, the total...

24 Sep

Federal Tax, Tax

Final Regs on First-Year Depreciation Deduction

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September 23, 2019

The IRS has issued final regs on the 100% additional first-year depreciation deduction. It allows businesses to write off most depreciable business assets in the year they’re placed in service. Changes from the regs...

19 Sep

State & Local Tax, Tax

NJ Waiving Late Filing Penalty for Certain Corps

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September 19, 2019

New Jersey is waiving its late filing penalty for certain corporations. The NJ Division of Taxation will automatically waive the penalty for corporate taxpayers with a “properly extended” federal return due date of Oct....

17 Sep

Federal Tax, Tax

School’s back and so are the bills…

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September 17, 2019

School’s back in session. For many parents and students in higher education, that means school bills are also back. To help offset those costs, eligible taxpayers who are footing the bills may be able...

12 Sep

State & Local Tax, Tax

NJ Gas Tax Rate

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September 11, 2019

The New Jersey State Treasurer has announced that the NJ gas tax rate will remain stable for the coming year. The 26.9¢ per gallon petroleum products gross receipts tax rate will remain unchanged. When...

10 Sep

Federal Tax, Tax

September 16 Due Date Approaching!

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September 10, 2019

Do you owe estimated taxes? If so, don’t miss the Sept. 16 due date for the third installment of 2019 federal taxes due. Those who have taxable income that isn’t subject to withholding, such...

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