TAXATION


Many Paid More in Federal Taxes This Tax Season, Says NJCPA Survey
 

Many Paid More in Federal Taxes This Tax Season, Says NJCPA Survey

Posted: May 2, 2019
An average of 36 percent of NJCPA members' clients paid more in federal taxes in 2018., according to a recent survey. And nearly 60 percent of respondents said that the Tax Cuts and Jobs Act either “definitely” or “somewhat” increased the number of clients that they would advise to leave the state.

New Due-Diligence Standards for Head-of-Household Filing Status
 

New Due-Diligence Standards for Head-of-Household Filing Status

Posted: May 1, 2019
Tax return preparers are subject to a variety of due diligence standards; verifying head-of-household status has recently been added. Preparers generally can rely in good faith on information a client furnishes but must make reasonable inquiries if the information appears wrong.

AICPA Launches International Tax Certificate Program
 

AICPA Launches International Tax Certificate Program

Posted: April 24, 2019
The American Institute of CPAs has introduced a U.S. International Tax Certificate Program that aims to give accounting and finance professionals added skills to navigate the vagaries of international tax compliance and planning.




IRS Revises EIN Application Process
 

IRS Revises EIN Application Process

Posted: March 27, 2019
Starting May 13, only individuals with tax identification numbers may request an Employer Identification Number (EIN) from the IRS as the “responsible party” on the application.


Highlights of Opportunity Zone Tax Benefits
 

Highlights of Opportunity Zone Tax Benefits

Posted: March 20, 2019
The Tax Cuts and Jobs Act generally allows a deferral of capital gains that are reinvested in certain designated areas called Opportunity Zones. Learn what you need to know to qualify for this tax benefit.

The Federal Taxation Interest Group provides an open forum to discuss and educate members on Federal taxation issues, both domestic and international. 

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