Tax Law Resources Archives

New Jersey Passes Highest Corporate Tax Rate in U.S.

New Jersey will implement a 2.5% Corporate Transit Fee on corporations with taxable net income over $10 million, effective for…

Grace LeeJuly 15, 2024

Articles Tax Law Resources Tax Services

Action May Be Required: IRS Announces Unclaimed Refunds

The IRS recently announced approximately $1 billion in unclaimed refunds for the 2020 tax year. This dollar amount affects almost…

Kelly McNicholasMay 3, 2024

Articles Tax Law Resources Tax Services

Potential Tax Legislation is on the Horizon – How Could It Affect Your 2023 Tax Filings?

On January 31, 2024, the House of Representatives passed the "Tax Relief for American Families and Workers Act of 2024"…

Stephanie HolstonFebruary 8, 2024

Articles Business Tax Tax Law Resources

IRS Announces Voluntary Disclosure Program for Erroneous ERC Claims

The IRS recently announced a Voluntary Disclosure Program (“VDP”) for employers who filed erroneous Employee Retention Credit (“ERC”) claims. Announcement…

Stephanie HolstonJanuary 11, 2024

Articles Business Tax Tax Law Resources

IRS Announces Process to Withdraw Erroneous ERC Claims

The IRS urges business owners who filed claims for an Employee Retention Credit (ERC) to revisit their eligibility and promptly withdraw any…

Stephanie HolstonNovember 10, 2023

Articles Business Tax Tax Law Resources

Transparency in Action: The Corporate Transparency Act and its Impact on Businesses

The Corporate Transparency Act is a significant piece of legislation that aims to increase transparency and accountability among companies operating…

Tim TorresJuly 12, 2023

Articles Professional Practices Tax Law Resources Tax Services

Venmo Reporting Requirement Update

Venmo Reporting Requirement Update On Friday, December 23, 2022, the Internal Revenue Service “IRS” announced that they are postponing the…

Jenna McDonoughJanuary 27, 2023

Articles State and Local Tax Tax Law Resources Tax Services

Is BAIT New Jersey’s Solution to the Infamous TCJA SALT Limitation

One of the most talked about provisions of the Tax Cuts and Jobs Act (TCJA) was the severe limitation placed…

Karen ArtasanchezJanuary 27, 2020

Articles Tax Law Resources Tax Services

California to Selectively Conform With Several Provisions from the TCJA

Summary California recently enacted a bill as part of the budget package for the fiscal year 2020. Called the “Loophole…

WilkinGuttenplanDecember 9, 2019

Articles Real Estate Tax Law Resources Tax Services

QOZ’s vs. 1031 Exchanges – Which is Better for Real Estate Investments?

When the Tax Cuts and Jobs Act was passed, a new tax deferral vehicle was created where taxpayers could defer…

Len NittiNovember 26, 2019

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