26
Jul
The New Jersey State Treasurer reports that as a result of L. 2019, A5607, there are increases to annual report filing fees.
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Tax
25
Jul
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...
23
Jul
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...
16
Jul
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...
11
Jul
A Technical Bulletin, from the NJ Div. of Taxation, discusses how combined group members may share their tax credits with other taxable members of the combined group that are included on the same NJ...
09
Jul
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...
03
Jul
The NJ Tax Court has ruled that a resident taxpayer couldn’t claim a tax credit for taxes paid to Pennsylvania on the payment that had been taxed by PA in a prior year. The...
02
Jul
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...
27
Jun
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...
25
Jun
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...