TAX



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.

Bill to Help Pass-Through Business Owners Passes Assembly Committee
 

Bill to Help Pass-Through Business Owners Passes Assembly Committee

Posted: March 19, 2019
A bill that would allow New Jersey flow-through entities to pay entity-level taxes on their net taxable income instead of having these individual business owners pay the New Jersey gross income tax passed the Assembly Appropriations Committee on March 18.



Division of Taxation Acknowledges Tax Amnesty Calculation Error
 

Division of Taxation Acknowledges Tax Amnesty Calculation Error

Posted: February 22, 2019
Several NJCPA members noticed a potential error in the calculation of interest in penalities for some taxpayers participating New Jersey' recent tax amnesty program. The New Jersey Division of Taxation has issued a memo acknowledging the situation.


Riding the Waves of Wayfair
 

Riding the Waves of Wayfair

Posted: January 29, 2019
In response to Wayfair, on Oct. 4, 2018, New Jersey Governor Phil Murphy signed a law changing the sales tax collection standards. Effective Nov. 1, 2018, the law establishes an economic nexus standard similar to South Dakota’s and extends a sales tax collection responsibility to marketplace facilitators.

Many Tax Changes Enacted with the 2018/19 New Jersey Budget
 

Many Tax Changes Enacted with the 2018/19 New Jersey Budget

Posted: January 28, 2019
There were numerous tax changes affecting both individuals and businesses under the New Jersey state legislature budget agreement signed into law by Governor Murphy last July. Here's how to sift through them.

The State Taxation Interest Group provides an open forum for members to discuss and learn about NJ state taxation issues.

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