If you are a small business owner, your planning probably got a lot trickier after the passage of the Tax Cuts and Jobs Act (TCJA). That’s because most small businesses have legal structures that are…

As bank customers, we’re used to getting almost no interest on our balances. The U.S. Federal Reserve dropped interest rates to an historic low of 0.25 percent during the 2008 financial crisis, and kept them…

January 2018 Tax Deadlines January 16 – Due date for the fourth installment of 2017 individual estimated tax. January 31 – Due date for employers to furnish W-2 statements to employees, and to file Forms…

Honorably discharged? You may be eligible for a $3,000 state exemption.   If you’re a veteran you might be eligible for an additional $3,000 exemption on your 2017 New Jersey Income Tax Return. In order to…

Are you trying to sell investment or commercial real estate? If you use an installment sale to help sell real estate, you can benefit from tax deferral and possibly lower your overall tax bill. But…

Switching jobs can lead to a tax time surprise if you don’t plan accordingly.   A new job means a whole lot more than a new desk: From new responsibilities to adjusting to a new…

Time to get serious about Form 1099-K.   Small business owners beware: the IRS may more closely scrutinize reporting of credit card transactions after it was criticized for lax enforcement.   The IRS’ overseer, the…

Are you currently or soon-to-be retired? Do you live in New Jersey? If you answered yes to those questions, you should benefit from a New Jersey tax break. As many people know, New Jersey residents…