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IRS Update: Estate Tax Return...
In Revenue Procedure 2022-32, the IRS stated that it will now permit an executor of an estate that is not otherwise required to file an estate tax return to file a late return to elect portability,... Read More > -
New Jersey Middle Class Property Tax Relief Program...
L. 2022, S2023 (c. 49), effective 07/01/2022, establishes a homestead tax rebate program for property tax purposes based on the 2019 tax year. The rebate for eligible homestead owners with gross... Read More > -
New Jersey Child Tax Credit Program...
L. 2022, S2523, effective for tax years beginning on or after 01/01/2023, provides to New Jersey residents, a child tax credit for each child who has not attained six years of age as of the close of... Read More > -
New Jersey Tax Alert: New Jersey Governor Phil Murphy and...
The sales tax holiday would take place from August 27 to September 5, 2022. Under the sales tax holiday, tax exempt supplies and equipment include: (1) school supplies, such as pens and pencils,... Read More > -
IRS Increases Mileage Rate for the Remainder of 2022...
In June 2022, the IRS announced an increase in the optional standard mileage rate for the final six months of 2022. Taxpayers may use the optional standard mileage rates to calculate the deductible... Read More > -
IRS Update: Employer Leave Based Donation Programs to Aid...
Notice 2022-28, 2022-23 IRB In the above referenced notice, the IRS said employer leave-based donation payments by an employer before January 1, 2023, to Code Sec. 170(c) organizations to aid victims... Read More > -
Tax Alert: NJ Retirement Guide...
The New Jersey Division of Taxation has prepared a tax guide for retirees in New Jersey discussing the taxability of various sources of retirement income including pensions, IRAs and annuities. Some... Read More > -
New Jersey Tax Alert: New Jersey Lists COVID-19 Policies...
The New Jersey Division of Taxation has advised that since the State of Emergency has not been lifted, the following extensions remain in effect: (1) the law which delayed the payment of interest on... Read More > -
Supreme Court of NJ Order: Extension Period for Conferences ...
The New Jersey Supreme Court has determined that because the public health emergency has ended, there is no longer a need to extend certain deadlines for state tax matters. On April 14, 2022, the... Read More >