New Jersey and New York continue to have one of the highest property tax burdens in the country. As a result of market changes in the values of real estate…
read moreThe IRS has released Revenue Procedure 2019-22 which adds a third method for private schools to disclose its racially nondiscriminatory policy. For a private school to be recognized as exempt…
read moreMost of the provisions of the Tax Cuts and Jobs Act (TCJA) went into effect in 2018. With the first TCJA tax season behind us, we move from questioning “How…
read moreMost of the provisions of the Tax Cuts and Jobs Act (TCJA) went into effect in 2018. With the first TCJA tax season behind us, we move from questioning “How…
read moreWhen assessing whether rental real estate activities qualify for the new 20% section 199A deduction that came about under the Tax Cuts and Jobs Act, it is vital to understand…
read moreEffective October 1, 2019, Connecticut is raising its sales and use tax rate for sales of software and digital goods from 1% to 6.35%. These changes can affect individuals and…
read moreSales and Use tax rate changes have been implemented in Westchester County (except Mount Vernon, New Rochelle and White Plains) which had a tax rate of 7 3/8% through July…
read moreFinal regulations have been issued for Sec. 199A to guide taxpayers and tax professionals on how to implement the new qualified business income (QBI) deduction, created by the Tax Cuts…
read moreNew York and California have both adopted provisions that will require E-Commerce facilitators/providers (i.e. Amazon, eBay, etc.) to collect and remit sales tax on taxable sales made by businesses who…
read moreThe Treasury Inspector General for Tax Administration (“TIGTA”) recently issued a report titled “Tax Cuts and Jobs Act: Assessment of Implementation Efforts”. The report recommended the IRS revise Form 1040,…
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