Yesterday, the Treasury Department and the IRS issued a statement providing special tax payment relief to individuals and businesses in response to the coronavirus (COVID-19) outbreak.
New Jersey just implemented the 2018 New Jersey Tax Amnesty Program. During the period that begins November 15, 2018, and ends January 15, 2019, taxpayers have an opportunity to file past due tax returns and/or pay back taxes along with one-half of the interest due and no penalties.» Read More
The Tax Cuts and Jobs Act, which was signed into law on December 22, 2017, is the biggest overhaul to our Federal Income Tax Code. It reduces tax rates, eliminates certain deductions, and enhances other deductions and tax credits. One significant change is the treatment of capital gains invested in a qualified opportunity zone.» Read More