Latest Articles

December 27, 2019 

The final regulations provide additional guidance for taxpayers eligible to make an election to temporarily defer the inclusion in gross income of certain eligible gain. The final regulations also address, the ability of such taxpayers’ eligibility to ...

December 27, 2019 

The New Jersey Society of Certified Public Accountants (NJCPA) applauded the recent passage of the Pass-Through Business Alternative Income Tax Act (A-4807/S-3246) by the New Jersey Legislature. The bill allows flow-through businesses in New Jersey, ...

December 27, 2019 

This chart shows an estimated timeline for when a taxpayer is likely to receive their refund, based on the information we have now, and using projections based on previous years. If your IRS income tax refund is delayed ...

December 27, 2019 

While debt related to mortgages, student loans, and credit cards grabs headlines, another class of debt often goes unnoticed, despite significant accumulation: tax debt. Tax delinquency impacts a significant portion of United States taxpayers. “The Internal Revenue Service (IRS) reported that at the end of fiscal year 2018 there were 13.1 million delinquent taxpayer accounts....…

December 27, 2019 

Tax revenue collected by the PDC Program through the end of FY19 was more than double the total revenue collected in FY18 ($212 million collected in FY19 vs. $82 million collected in FY18). Additionally, revenue collected by the PDC Program in FY19 ...

December 27, 2019 

With the filing season just weeks away, tax professionals who have a data security plan should review it for updates. Those who don’t have a plan should create one. Having an information security plan is not just a good idea, it’s federal law.

December 23, 2019 

Many of your clients may be wondering about incorporating their businesses in a different state from where they are based. It’s true that doing so may save new businesses a bit of precious startup capital when it comes to filing fees.

Nellie Akalp

December 2, 2019 

Recently, I had the privilege of sitting on a panel at Ensuring Success 2019. The session focused on the future of audit. I prepared for the session, listened to my fellow panelists throughout our talk, then reflected on what I had learned along the way.

Garrett Wagner

December 20, 2019 

In a flurry of legislative action before the end of the year, Congress passed the “Setting Every Community Up for Retirement Enhancement” (SECURE) Act of 2019 as part of a comprehensive appropriations measure. The new law, which represents a major ...

December 20, 2019 

Changing tastes as Millennials make up a growing share of home buyers will impact the market. Homes will get smaller, bold colors and prints will return to home designs and demand will stay high as more and more people reach typical homebuying age.

December 19, 2019 

Published jointly by NASBA and the AICPA, the Standards provide the framework for the development, presentation, measurement and reporting of CPE programs. The Standards reference the NASBA Fields of Study document, which was reviewed and evaluated ...

December 19, 2019 

Organized retail crime affects almost all merchants and more than two-thirds of those surveyed have seen an increase in the past year, according to the 15th annual ORC study released today by the National Retail Federation.