Relief from Losses from Hurricane Ian

Relief from Losses from Hurricane Ian

Many local taxpayers own homes and other property in the areas impacted by Hurricane Ian.  In the wake of Hurricane Ian, the states of Florida, South Carolina, and North Carolina have been declared federal disaster areas.  Individuals who have property that was...
Digital Payment Scams Information

Digital Payment Scams Information

Digital payment platforms are becoming a more popular, quick, and convenient way to send money. As the use of P2P apps, such as Venmo, Cash App, and Zelle, continues to rise, unfortunately, so do the scams. Fraudsters are becoming trickier with their scam tactics in...
More from New Jersey…

More from New Jersey…

New Insurance Requirement As of November 3, 2022, landlords and business owners in New Jersey are required to carry $500,000 in liability insurance for deaths or bodily injuries that may occur at their properties. For small, multifamily rental properties that are...
Is Relief for Student Loan Debt in Your Future?

Is Relief for Student Loan Debt in Your Future?

President Joe Biden said August 24 that his administration plans to forgive up to $10,000 in federal student loan debt for anyone who makes less than $125,000 a year. People who went to college on Pell grants, which are reserved for undergraduates with the most...
Big, Big News from the IRS on August 24

Big, Big News from the IRS on August 24

In an effort to free up resources to address a huge backlog of returns to process and other pending issues, the IRS announced major relief for most taxpayers with certain failure to file penalties and International Information return penalties for tax returns for the...
Highlights of The Inflation Reduction Act of 2022

Highlights of The Inflation Reduction Act of 2022

President Biden signed this bill into law on August 16.  Here are some of the more interesting provisions.  For more information about any of these items, please contact us. Revenue Provisions Corporate Alternative Minimum tax of 15% which applies only to large...