What the IRS is Up To – Summer 2020 E-filing for amended returns Normally, amended returns must be submitted to the IRS on paper. The agency will allow taxpayers to amend their 2019 return electronically…

One of the biggest tax benefits available today is the exclusion of gains when you sell your qualified home. The spring real estate market continues to be in demand despite the COVID-19 national shutdown. Here…

The IRS has begun disbursing the Economic Income Payments (or Recovery Rebate checks) this week. No action is needed by taxpayers who filed tax returns in 2018 and 2019 or by most seniors and retirees….

On April 1, Governor Murphy announced the intention to extend the state’s tax deadline from April 15 to July 15. As of Monday, April 13, the state legislature voted to approve the extension and, with…

The IRS has begun the process to distribute the Economic Impact Payments (also known as the Recovery Rebate or stimulus checks). Below are answers to your commonly asked questions.   How much is the Economic…

As you know, the April 15 deadline for 2019 federal individual, c-corporations, self-employment tax returns and first quarter estimated payments has been deferred 90 days until July 15, 2020. Yesterday the IRS released guidance that…

There is a lot of information circulated each and every day on the COVID-19 pandemic and legislative changes. For a short-and-sweet recap on what you need to know regarding your taxes, we present the following…

On April 1, 2020, New Jersey Governor Murphy, Senate President Sweeney, and Assembly Speaker Coughlin finally announced that the New Jersey state income tax filing deadline and corporation business tax filing deadline will be extended…