TAXATION

Tax Season Checklists — Part Two
 

Tax Season Checklists — Part Two

Posted: December 18, 2018
Tax season is busy, so preparing for it now will reduce the stress experienced January through April and help reduce exposure to professional liability risk. Pre-tax-season training of personnel and proactive review of administrative procedures will improve efficiency through April 15 and beyond.

Tax Season Checklists — Part One
 

Tax Season Checklists — Part One

Posted: December 11, 2018
Planning for the upcoming tax season is an important step in managing the professional liability risk associated with providing tax services. This set of pre-tax-season checklists provide many suggestions firms should consider in planning for this work.

The Classification of Workers in the Era of Tax Reform
 

The Classification of Workers in the Era of Tax Reform

Posted: December 7, 2018
In an effort to prevent the misclassification of workers, the government employs a multi-faceted approach. How big is the employee misclassification problem today, and what is the government currently doing about it?


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.

Managing the Compression of Tax-Season Work
 

Managing the Compression of Tax-Season Work

Posted: November 20, 2018
There are many ways a firm can prepare in order to reduce stress and manage the work compression of a busy tax season. These include evaluating clients, training new staff and frontloading any work possible.

Record Retention for Tax Return Preparers
 

Record Retention for Tax Return Preparers

Posted: November 19, 2018
The rules on record retention can be complex. It's important to stay up to date on federal, New Jersey and New York record retention requirements and recommendations for tax preparers.

Understanding the New Kiddie Tax
 

Understanding the New Kiddie Tax

Posted: November 8, 2018
The new tax law has made significant changes to the kiddie tax. Here's how the tax is determined under those rules.


Highlights of Tax Reform for Businesses
 

Highlights of Tax Reform for Businesses

Posted: October 10, 2018
The Tax Cuts and Jobs Act included a few dozen tax law changes that affect businesses. Most of the changes in the new law take effect in 2018 and will affect tax returns filed in 2019.

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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