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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A portion of ancestry genetic testing qualifies as medical care, the IRS has stated, and thus some of the costs may be deductible. In a Private Letter Ruling, the IRS allowed a taxpayer to...

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The IRS announced it has detected a new phishing scam involving unsolicited emails from IRS imposters. Subject lines on the phony emails include “Automatic Income Tax Reminder” or “Electronic Tax Return Reminder.” However, the...

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Business owners and self-employed persons who use their cars for business may be able to deduct car expenses, the IRS reminds us. But if a car is used both for business and personal purposes,...

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“Summer is a season when people have fun, yet get things done,” the IRS said in a recent “Tax Tip.” Now that the standard deduction is so high, fewer taxpayers itemize deductions. But if...

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Managing the amount of tax you’ll owe for this year may require thinking about tax issues now, long before it’s time to file. One aspect that affects your tax bill is your adjusted gross...

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Taxpayers generally don’t think about their tax filing status until it’s time to file. But you should be aware of it through the year, especially if there’s a change. Your filing status determines your...

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The New Jersey State Treasurer reports that as a result of L. 2019, A5607, there are increases to annual report filing fees. Read full article here.  

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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...

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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...

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