No one likes surprises from the IRS, but they do occur from time to time. Here are some situations that could happen, and what to do about them. An expected refund turns into a tax…

With all of the uncertainty caused by the pandemic, the last thing any of us needs is a big tax surprise. Be prepared for these potential pandemic-related issues when you file your 2020 tax return….

[Updated March 22, 2021] Spring 2021 Tax Deadlines March 15, 2021 – Deadline to file partnership and S-Corporation tax returns. April 15, 2021 – Deadline to file trust and calendar-year C-Corporation returns. – Annual gift…

It is not too early to start tax planning for the year to come. In addition to the planning changes in tax benefit phaseouts and other cost of living (COLA) adjustments, here are changes to…

Did you know that Medicare premiums are calculated based on the Modified Adjusted Gross Income (MAGI) of your prior year’s tax return? Did you know that you and your spouse pay the same for Medicare…

Tax Update for NJ Pass-Through Entities Act quickly to save tax dollars thanks to new legislation.   What is it? New Jersey recently enacted the Pass-Through Business Alternative Income Tax Act (NJ BAIT) in an…

New taxpayer relief initiative The IRS has made a number of changes designed to help struggling taxpayers impacted by COVID-19. These include an extension of the short-term payment plan option from 120 days to 180…

Before you turn the page on this unprecedented year of change, consider making some changes that can improve your finances into 2021. Here are four suggestions to get you started. Take advantage of your company’s…