News


New Jersey Provides Form for Short-Period Returns
 

New Jersey Provides Form for Short-Period Returns

Posted: January 31, 2019
To account for all of the recent changes to the New Jersey corporate business tax, the New Jersey Division of Taxation has provided a new form for short-period returns for accounting periods that begin on or after Jan. 1, 2018, and end before July 31, 2018.

FAQs about Resumption of IRS Collections and Exams
 

FAQs about Resumption of IRS Collections and Exams

Posted: January 30, 2019
As IRS employees work to resume normal operations after the government shutdown, they have provided answers to some frequently asked questions for taxpayers who are in the collections or exam process.

Taxpayers Need More Penalty Relief
 

Taxpayers Need More Penalty Relief

Posted: January 29, 2019
Recently, the AICPA sent a letter to the Department of Treasury and the IRS urging them to provide more extensive relief to taxpayers who are underwithheld due to the adjusted withholding tables as a result of the Tax Cuts and Jobs Act.

How Tax Court Is Impacted By the Shutdown
 

How Tax Court Is Impacted By the Shutdown

Posted: January 25, 2019
The U.S. Tax Court is closed due to the government shutdown. The IRS has provided a list of FAQs about how pending tax cases are impacted.

Details on How $15 Minimum Wage Will Be Implemented in New Jersey
 

Details on How $15 Minimum Wage Will Be Implemented in New Jersey

Posted: January 24, 2019
A bill revised on Jan. 24 and approved the same day by the Assembly Labor Committee would incrementally increase the minimum wage to $15 an hour by 2024 with a few key exceptions for seasonal workers, employees at businesses with five workers or fewer and agricultural laborers.