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New Jersey Division of Taxation Issues Guidance on New...
For detailed instructions and to access forms, visit the New Jersey Division of Taxation website. By understanding these changes and preparing accordingly, businesses can ensure compliance with the... Read More > -
Challenge to New Jersey Partnership Filing Fee Rejected by...
The ruling has significant implications for businesses operating in New Jersey, particularly those with extensive out-of-state operations. By upholding the fee, the court has confirmed that such... Read More > -
HMO Assessment Rate Increased: What You Need to Know...
Effective June 28, 2024, a significant change has been enacted through L. 2024, A4705 (c. 21), which increases the annual assessment rate for Health Maintenance Organizations (HMOs). This new... Read More > -
Understanding the IRS Guidance on Tax Treatment of...
The IRS guidance provides clarity on the tax treatment of rebates for energy-efficient property and improvements, offering valuable insights for taxpayers navigating these incentives. By... Read More > -
2025 HSA and Excepted Benefits Inflation-Adjusted Limits...
Staying informed about these changes can help you maximize the benefits of your HSA and make more informed decisions about your healthcare coverage. If you have any questions or need further... Read More > -
New York Updates Guidance on Pass-Through Entity Tax...
To claim the PTET credit, eligible claimants must file an individual personal income tax return and attach Form IT-653 (Pass-Through Entity Tax Credit). The PTET credit cannot be claimed on Form... Read More > -
New Jersey Updates Personal Income Tax Sourcing and...
New Jersey's updated personal income tax sourcing and allocation rules introduce significant changes that align with corporate tax methodologies. Businesses operating across state lines need to... Read More > -
Taxpayers Now Qualify for Home Energy Credits...
Taxpayers can benefit from home energy credits for making energy-efficient upgrades, as outlined in IRS announcement (IR 2024-137). Eligible improvements, such as exterior doors and insulation, can... Read More > -
Updated Guidance on Sales of New Jersey Real Estate...
Technical Bulletin No. TB-57(R) outlines new requirements for real estate transactions in New Jersey, effective January 30, 2024. Nonresidents selling property must withhold either 10.75% of the net... Read More >