The IRS is revising the Employer Identification Number (EIN) process. Anyone filing a tax return or other documents with the IRS must provide a taxpayer ID number.
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New legislation in New Jersey requires employers to offer pretax transportation benefits. The law requires employers with 20 or more employees to offer the fringe benefits for the 2019 calendar year. Employees may deduct...
To be complete and accurate, 2018 federal tax returns must indicate whether they have health coverage. Taxpayers that had full-year qualifying health coverage may check the box on the front of the return. Those...
This past Monday, New Jersey Governor Phil Murphy signed into law the Clean Stormwater and Flood Reduction Act allowing municipalities, counties and certain authorities in New Jersey to establish stormwater utilities. The goal is...
Beware! The IRS is warning taxpayers about a new twist on the IRS impersonation phone scam. Under the scam, criminals fake calls from the Taxpayer Advocate Service (TAS), an independent organization within the IRS.
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The New Jersey Division of Taxation has updated FAQs regarding remote sellers. A remote seller who sells through its own website and marketplaces is required to count both marketplace and other sales when calculating...
Attention business owners: The IRS has a new publication to help you learn about recent tax-law changes that may have an impact on your bottom line. Publication 5318, “Tax Reform: What’s New for Your...
New Jersey has a voluntary compliance program for unclaimed property holders. Business entities that aren’t compliant with the Uniform Unclaimed Property Act can participate in the Voluntary Compliance Program (VCP) as an alternative to...
Do you want more information about the changes brought by tax reform? Major tax law changes have affected every taxpayer. That’s why the IRS has developed an online publication and other resources to help...