Required minimum distribution rules have changed for 2020. Before you take your RMD, read this.
Tax Planning
Updates to NJ’s Property Tax Reimbursement Program (Senior Freeze)
Do you know that NJ offers to freeze the property tax of senior citizens and disabled homeowners? The deadline to apply is December 31; so don’t delay.
Mutual Fund Investors Could Face Unpleasant Surprise
This year’s extreme market volatility may have significant tax consequences for mutual fund investors. Here’s what you need to know.
How Do I Handle This Retirement Income on My Taxes?
Here’s how to get it right when you consider retirement income exclusions.
Tax Alert: NJ/NY Estimated Tax Payments Due on June 15, 2020
On March 21, the IRS postponed the tax filing deadline from April 15 to July 15. But New York and New Jersey didn’t follow suit on all the tax deadlines. Here’s what’s due Monday.
New Jersey Extends Tax Filing and Payment Deadlines
New Jersey has extended the State income tax filing deadline for individuals, corporations, trusts and estates, and other non-corporate tax filers.
New York State Extends Tax Filing and Payment Deadlines
New York State has extended the April 15, 2020 due date for filing personal income tax and corporate tax returns. Here’s what you should know.
The CARES Act and You
The CARES Act is an economic stimulus package designed to help small businesses and individuals during the Coronavirus pandemic. Here are the main points that impact individuals.
Federal Filing Date Extended (Tax Alert Update)
The due date for filing Federal income tax returns has been extended for all taxpayers. This change does not extend to individual states yet. Here’s what you need to know.
IRS Provides Some Tax Relief
The IRS has extended some relief for taxpayers affected by the ongoing Coronavirus pandemic. Here’s what you need to know.
How to Properly Report Qualified Charitable Distributions on Your Form 1040
Making Qualified Charitable Distributions can be a great way to maximize your charitable giving. But this strategy must be reported properly at tax time. Learn how to avoid a tax trap.
SECURE Act Law Could be Boon for Charities
The recently passed SECURE Act has made several changes to retirement plans, some of which could result in an increase in the amount of money being left to charities. Read why.