TAX


Tax Incentives and Credits for New Jersey C Corporations
 

Tax Incentives and Credits for New Jersey C Corporations

Posted: September 14, 2018
Manu­facturing C corporations doing business in New Jersey are benefiting the most from the Tax Cuts and Jobs Acts (TCJA) because the corporate income tax paid to New Jersey, or any other state where the company conducts business, is deductible on its federal tax return. This may or may not be the case for flow-through entities.

New Jersey Offshore Voluntary Compliance Initiative Closing Nov. 1
 

New Jersey Offshore Voluntary Compliance Initiative Closing Nov. 1

Posted: September 13, 2018
The New Jersey Department of the Treasury, Division of Taxation, is closing its Offshore Voluntary Compliance Initiative on Nov. 1, 2018. This corresponds with the closing of the IRS Offshore Voluntary Compliance Program on Sept. 28, 2018.

A New Standard for Sales and Use Tax Nexus?
 

A New Standard for Sales and Use Tax Nexus?

Posted: September 12, 2018
The U.S. Supreme Court’s decision in June to vote in favor of South Dakota in South Dakota v. Wayfair shines new light on sales and use tax nexus, which has become an increasingly complex topic.

New Jersey Enacts Surcharge on Ride-Sharing Services
 

New Jersey Enacts Surcharge on Ride-Sharing Services

Posted: August 27, 2018
The New Jersey Division of Taxation has issued guidelines for the new prearranged ride surcharge that was approved in the fiscal 2019 New Jersey budget. The surcharge goes into effect on Oct. 1.

Proposed Regs Issued on Charitable Contributions and SALT Credits
 

Proposed Regs Issued on Charitable Contributions and SALT Credits

Posted: August 23, 2018
Today the U.S. Department of the Treasury and the IRS issued proposed regulations providing rules on the availability of charitable contribution deductions when the taxpayer receives or expects to receive a corresponding state or local tax credit.


New Jersey Issues Sales Tax Rules for Remote Sellers
 

New Jersey Issues Sales Tax Rules for Remote Sellers

Posted: August 16, 2018
Consistent with South Dakota v. Wayfair, effective Oct. 1, 2018, a remote seller that makes a retail sale of tangible personal property, specified digital products or services for delivery to a location in New Jersey must register, collect and remit New Jersey sales tax if the remote seller meets one of two criteria.


New Jersey Economic and Fiscal Policy Group Issues Recommendations
 

New Jersey Economic and Fiscal Policy Group Issues Recommendations

Posted: August 10, 2018
The Economic and Fiscal Policy Workgroup has released a report with dozens of recommendations to address New Jersey's public worker pension crisis, reduce property taxes, create government and school efficiencies, and improve the state's tax structure.

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

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