Tax

Taxpayers can receive their income tax refund by direct deposit, with no refund loan charges, as early as January 31. This chart shows how fast you can get your refund, based on when you file your tax return with the IRS.

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 ...

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, ...

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 ...

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. […]

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 ...

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.

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 ...