News



 A Look at New Jersey’s Tax Revenues in FY2019
 

A Look at New Jersey’s Tax Revenues in FY2019

Posted: July 3, 2018
After the New Jersey Legislature passed a fiscal year 2019 budget and Gov. Phil Murphy signed it over the weekend, there are a number of new revenue sources for the state of New Jersey. Here’s a look at a few of them.



Governor Murphy Signs New Jersey Budget
 

Governor Murphy Signs New Jersey Budget

Posted: July 2, 2018
Late in the evening of July 1, Governor Murphy signed the fiscal year 2019 budget after long negotiations with state legislators. The final budget includes increases in the corporate business tax and the income tax rate on taxpayers earning more than $5 million.


IRS Working on a New Form 1040 for 2019 Tax Season
 

IRS Working on a New Form 1040 for 2019 Tax Season

Posted: June 29, 2018
​The IRS plans to streamline the Form 1040 into a shorter, simpler form for the 2019 tax season. The new 1040 – about half the size of the current version – would replace the current Form 1040 as well as the Form 1040A and the Form 1040EZ.

National Taxpayer Advocate Identifies Priority Areas in Mid-Year Report to Congress
 

National Taxpayer Advocate Identifies Priority Areas in Mid-Year Report to Congress

Posted: June 27, 2018
National Taxpayer Advocate Nina E. Olson has released her statutorily mandated mid-year report to Congress that presents a review of the 2018 filing season, identifies the priority issues the Taxpayer Advocate Service will address during the upcoming fiscal year and contains the IRS’s responses to each of the 100 administrative recommendations the Advocate made in her 2017 Annual Report to Congress.