Final Regulations for the Pass-Through Section 199A Deduction Arrive Right Before Tax Season

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The sweeping changes of the Tax Cuts and Jobs Act (TCJA) that went into effect at the beginning of January 2018 included a 20% pass-through deduction to non-corporate taxpayers with “qualified business income.” What is known as the “pass-through rules,” taxpayers can find them in 26 […]

Running Afoul of Structured Transaction Laws

structured transactions 91% of Property Seized in Structured Transaction Cases Are from a Legal Source

The Bank Secrecy Act (31 USC 5324) was passed in the 1970s to address the problem of money laundering and other crimes that require large transfers of money. Under the auspices of this act, financial institutions must report financial transactions over $10,000. […]

January 9th, 2019|Tax Tips|0 Comments

Time Is Running out on the New Jersey Tax Amnesty Program

new jersey back taxesAs the year comes to a close, and we all look forward to the holidays, the state of New Jersey is offering something that will light up some of its residents with even more joy. The New Jersey Division of Taxation or “Division,” has mailed letters to all taxpayers, both individual and businesses, who […]

December 19th, 2018|Tax News|0 Comments

Is Your Business Ready for the Tax Cuts and Job Act?

tax cuts and jobs act businessThe most sweeping tax reform in over 30 years, the Tax Cuts and Jobs Act (TCJA) brings a lot of changes for businesses. If you run a business, you’ve probably been making quarterly payments on your 2018 income tax bill already, but you may not realize the whole scope of the changes […]

November 13th, 2018|Tax News|0 Comments

Reminder: The Tax Filing Extension Deadline Is October 15th, 2018

tax extension filing deadlineIf you requested an extension on your 2017 income tax return, you need to file by October 15th. Just around the corner, this is the absolute last date you can file if you want to avoid serious penalties. Get ready with these tips.

Don’t Worry If You Don’t Owe

If you don’t owe any tax, the […]

October 9th, 2018|Tax Filings|0 Comments