News


NJTV and NJ Spotlight Join Forces
 

NJTV and NJ Spotlight Join Forces

Posted: March 19, 2019
For many years, the NJCPA has partnered with NJTV and NJ Spotlight to inform and educate the public on issues ranging from tax policy to the minimum wage. These two award-winning media outlets have now combined to create one of the largest and most comprehensive news and public affairs organizations in the state.​


Agreement Reached on Legislation to Legalize Adult-Use Marijuana
 

Agreement Reached on Legislation to Legalize Adult-Use Marijuana

Posted: March 12, 2019
Governor Murphy and New Jersey legislative leaders have announced an agreement on the broad outlines of legislation to legalize adult-use marijuana in New Jersey, including the tax rate, regulatory structure and expungement provisions.


IRS Issues Proposed FDII and GILTI Deduction Regulations
 

IRS Issues Proposed FDII and GILTI Deduction Regulations

Posted: March 5, 2019
The IRS has issued proposed regulations under section 250 of the Internal Revenue Code, which offers domestic corporations deductions for foreign-derived intangible income (FDII) and global intangible low-taxed income (GILTI).

Court Upholds IRS PTIN Fees
 

Court Upholds IRS PTIN Fees

Posted: March 4, 2019
The IRS has authority to charge a user fee for preparer taxpayer identification numbers a federal appeals court held on March 1, paving the way for the agency to reinstate the charges for obtaining and renewing a PTIN.

GASB Issues Proposed Implementation Guide on Leases
 

GASB Issues Proposed Implementation Guide on Leases

Posted: March 4, 2019
The Governmental Accounting Standards Board has issued a proposed Implementation Guide that contains questions and answers about the GASB’s new standards on accounting and financial reporting for leases. Comments are due by April 30.


Division of Taxation Acknowledges Tax Amnesty Calculation Error
 

Division of Taxation Acknowledges Tax Amnesty Calculation Error

Posted: February 22, 2019
Several NJCPA members noticed a potential error in the calculation of interest in penalities for some taxpayers participating New Jersey' recent tax amnesty program. The New Jersey Division of Taxation has issued a memo acknowledging the situation.