Physicians Turn to Gig Work
The onset of COVID-19 exacerbated hospital overcrowding and staff shortages, resulting in more overworked doctors and nurses. Increased burnout and shrinking pay have led many medical professionals to look for a change. According to a recent study in the Journal of...
Understanding QDROs and Protecting Your Retirement Nest Egg with Allison Fried
Allison Fried recently had a conversation with Frank LaRocca on his podcast, "The Divorce Playbook Podcast". Tune in as she talks about why you might need a Qualified Domestic Relations Order (QDRO), Defined Benefit vs. Defined Contribution Plans, the importance of...
Those impacted by Idalia qualify for tax relief; Oct. 16 deadline, other dates postponed to Feb. 15
WASHINGTON — The Internal Revenue Service today announced tax relief for individuals and businesses affected by Idalia in parts of Florida. These taxpayers now have until Feb. 15, 2024, to file various federal individual and business tax returns and make tax payments....
Summer News from Capaldi Reynolds & Pelosi
It's been a busy summer, but a good one here at Capaldi Reynolds & Pelosi! We believe that when our employees thrive in a supportive and collaborative work environment, they can provide our clients with the best possible service. This commitment to our team and...
The World of Higher Education in 2023
A 2023 national survey revealed a shift in public opinion over the past decade about the value of a college degree: 56% of Americans think a four-year college degree is not worth the cost due to students graduating with significant debt and a lack of specific job...
The Taxpayer Advocate
The Office of the Taxpayer Ombudsman was created by the Internal Revenue Service in 1979 to be the primary advocate for taxpayers with the IRS. This function was replaced in 1996 by the Office of the Taxpayer Advocate. The mission of this division of the IRS is to...
New Jersey and You: Perfect together?
On a recent visit to the website of the Tax Foundation, I was taken aback, but not surprised, to read “New Jersey’s tax system ranks 50th overall on our 2023 State Business Tax Climate Index”. This Index is designed to show how well states structure their tax systems...
Need to Make Payments to the IRS? You Have Options.
The IRS is making it easier for taxpayers who will be making payments on a tax liability over time. Individual taxpayers who have combined liabilities for taxes, penalty, and interest less than $50,000 and businesses owing $25,000 or less for payroll taxes, penalty,...
Good News for New Jersey Taxpayers
According to the Tax Foundation, New Jersey’s property tax collections per capita are higher than any other state. Many of our clients, especially seniors, contemplate moving either to escape our cold weather or to escape our notorious property taxes. In an effort to...
Client Spotlight: D’Arcy Johnson Day
D’Arcy Johnson Day was founded in 2008 when the law offices of D’Arcy Johnson (Patrick D’Arcy, Andrew D’Arcy & Steven Johnson) combined with Christopher Day and Richard Albuquerque. Both firms specialized in representing injured people and their goal was to...
Tax Trivia
In honor of the end of this year's tax season, here's some trivia questions for you! We can't promise they'll make you a hit at the next dinner party, but some of them are interesting nonetheless. How many answers do you know?The first true income tax ever was in what...
Where does it Come From?
We’ve all seen the pie charts of where our federal dollars go, but I had never thought about where those dollars come from until I read an article in the Wall Street Journal last April. Would you be as surprised as I to find out that just over half of federal...