Northfield NJ CPA – Tax, Accounting & Consulting Services (609) 641-4000  | 

Who Needs Another PIN

Who Needs Another PIN

For years the IRS has issued Identity Protection PINS to proven victims of tax-related identity theft.  The number is mailed to the taxpayer every year and is used to file all federal returns, both electronic and paper.  This year the IRS will allow eligible taxpayers...
Want to Avoid Paying Back Provider Relief Funds?

Want to Avoid Paying Back Provider Relief Funds?

Truly a relief in 2020, the federal government allocated $175 billion in payments to be distributed to providers of healthcare services and support through the Provider Relief Fund (PRF).   Providers even received the Relief Fund Payments from Phase 1, the $30 Billion...
Are you eligible for the Recovery Rebate Credit?

Are you eligible for the Recovery Rebate Credit?

This year taxpayers may get an Economic Recovery Credit when they file their returns.  Will you? There have been two rounds of stimulus checks sent to taxpayers.  Those were based on tax returns filed for either 2018 or 2019, the last return filed by the taxpayer...
The Installment Sale: Definition and Benefits

The Installment Sale: Definition and Benefits

An installment sale can be a prudent tax strategy for someone who is selling property or an asset.  In an installment sale, the seller receives at least one payment after the tax year in which the sale happened. Rather than receiving the total contract price for the...