News




New Jersey Provides Guidance on Combined Reporting
 

New Jersey Provides Guidance on Combined Reporting

Posted: January 7, 2019
Combined reporting is now mandated in New Jersey for privilege periods ending on and after July 31, 2019. The New Jersey Division of Taxation has issued a bulletin that explains what business entities are and are not included in a combined group.

New Jersey Provides Guidance on CBT Changes
 

New Jersey Provides Guidance on CBT Changes

Posted: December 11, 2018
The New Jersey Division of Taxation has issued a technical bulletin summarizing the major changes to the New Jersey Corporation Business Tax Act. The changes are effective for tax years beginning on or after Jan. 1, 2017.



Making Large Gifts Now Won’t Harm Estates After 2025
 

Making Large Gifts Now Won’t Harm Estates After 2025

Posted: November 21, 2018
The IRS has announced that individuals taking advantage of the increased gift and estate tax exclusion amounts in effect from 2018 to 2025 will not be adversely impacted after 2025 when the exclusion amount is scheduled to drop to pre-2018 levels.

New Jersey Provides Sales Tax Guidance to Marketplace Sellers
 

New Jersey Provides Sales Tax Guidance to Marketplace Sellers

Posted: November 1, 2018
Effective Nov. 1, online marketplace sellers and facilitators are required to collect and remit sales tax for sales and services delivered into New Jersey. Here is some guidance from the New Jersey Division of Taxation.