If you have not already done so, now is the time to review your tax situation and make an estimated quarterly tax payment using Form 1040-ES. The second quarter due date is now here. Due…

Before you shred that tax return, make sure you know exactly how long you should have it on hand. The following short video covers record retention guidelines for your individual tax return. How Long Should…

Summer is a great time to relax and recharge, but it is also an excellent chance for students to get work experience, do an activity they enjoy, and boost their chances of getting into a…

Do you own a Jersey Shore rental property? Do you rent your North Jersey apartment to New York City-bound tourists? Or do you earn extra income by opening your home for overnight stays? There’s a new…

The first tax season under the Tax Cuts and Jobs Act was a surprise for most Americans. In fact, many who received smaller refunds or owed money think that the new tax laws hurt them. Both…

Ever since the passage of the Tax Cuts and Jobs Act (TCJA) in late 2017, there has been much discussion about the amount of tax withheld from wages.  Although most provisions of the new law…

Owners of pass-through entities (S corporations, partnerships and limited liability companies) and sole proprietors can benefit from a new deduction under Section 199A of the tax code. And now the IRS has issued new final…

The Tax Cuts and Jobs Act (TCJA) passed by Congress was the most sweeping overhaul to the United States tax code in over 30 years.  Although many politicians promised “simplification,” most tax professionals would certainly…