Plan Your Testing Schedule with 2019 CPA Exam Score Release Dates Posted: January 22, 2019 The CPA Exam score release dates can be a valuable resource for candidates planning their testing schedule for coming months. Here are the four score release dates for each testing window in 2019.
Final Regulations Issued on New Qualified Business Income Deduction Posted: January 18, 2019 The Treasury Department and the IRS have issued final regulations and three related pieces of guidance, implementing the new qualified business income (QBI) deduction (section 199A deduction).
IRS Waives Penalty for Many Whose Tax Withholding and Estimated Tax Payments Fell Short in 2018 Posted: January 16, 2019 The IRS is generally waiving the penalty for any taxpayer who paid at least 85 percent of their total tax liability during the year through federal income tax withholding, quarterly estimated tax payments or a combination of the two.
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 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.
NJ Increases Interest Rate on Tax Balances for 2019 Posted: December 6, 2018 The assessed interest rate for outstanding New Jersey tax balances for the period for 2019 is increasing to 8.25 percent.
IRS Criminal Investigations in New Jersey Posted: December 3, 2018 Information about cases that the IRS Criminal Investigations unit in New Jersey is currently working on.
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 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.
Treasury, IRS Issue Proposed Regulations on New Opportunity Zone tax Incentive Posted: October 19, 2018 Opportunity Zones, created by the 2017 Tax Cuts and Jobs Act, were designed to spur investment in distressed communities throughout the country through tax benefits. The Treasury and IRS have issued proposed regulations on the Opportunity Zone tax incentive.