Job Search Expenses Can be Tax Deductible https://njcpa.org/stay-informed/topics/article/2017/08/25/job-search-expenses-can-be-tax-deductible#.WiikdtINudA.facebook August 25, 2017 Taxpayers who are looking for a new job that is in the same line of work may be able to deduct some job-hunting expenses on their federal income tax return, even if they don’t get a new job. Here are some important … [Read more...]

Money Mistakes Made by Millennials  NJCPA June 7, 2017 It’s natural to have uncertainties when it comes to money, especially when you’re young, but how are Millennials doing with financial management? Most of this group, born roughly between 1981 and 1997, doesn’t feel financially secure now but believe they will be in the future, according to a TD Ameritrade study. If you’re a Millennial, … [Read more...]

Pennsylvania Offers 2017 Tax Amnesty Program By New Jersey Society of Certified Public Accountants January 19, 2017 From April 21 through June 19, 2017, the Pennsylvania Department of Revenue will offer tax amnesty to taxpayers who owe past-due taxes. During this 60-day period, the Pennsylvania Department of Revenue will waive all penalties and half of the interest owed by those who apply … [Read more...]

David P. Willis , @dpwillis732Published 6:09 p.m. ET Jan. 23, 2017 Do you expect a refund on your state income taxes this year? You are going to have to wait for it. On its website, the state Division of Taxation said early tax filers may experience a "slight delay" in receiving a refund, a result of the state using additional tools to guard against refund fraud and identity theft. Refunds … [Read more...]

Maya Kachroo-Levine ,   WOMEN@FORBES I cover personal finance and money issues millennials face. Opinions expressed by Forbes Contributors are their own. Image via Pexels As a freelancer, I have a front row seat to the true nightmare that tax season can be. I earn almost all of my income via 1099s, and every month, I make a table that reflects exactly how much I earned, who … [Read more...]

MAURIE BACKMAN Nov 1st 2016 12:40PM Most of us tend to be tax-focused at key periods during the year -- particularly, December, January, and the weeks leading up to that dreaded date in April. But believe it or not, November is actually a great time to make a number of key tax moves. Here are five not to miss. 1. Use up your FSA balance Flexible spending accounts are a great way to lower … [Read more...]

Why You Should Start Thinking About Your Taxes Now These opportunities to reduce your tax bill expire on Dec. 31. Why You Should Start Thinking About Your Taxes Now MORE By Maryalene LaPonsie | Contributor Sept. 30, 2016, at 10:27 a.m. It may seem like the wrong time of year to be thinking about taxes. Fall has only just begun, and … [Read more...]

The Tax Effects of Divorce or Separation NJCPA  August 25, 2016 If you are divorcing or recently divorced, taxes may be the last thing on your mind. However, these events can have a big impact on your wallet. Alimony and a name or address change are just a few items you may need to consider. Here are some key tax tips to keep in mind: Child Support. Child support payments are not … [Read more...]

New Tax Scam: Affordable Care Act Tax Bill September 22, 2016 The Internal Revenue Service has issued an alert to taxpayers and tax professionals to be on guard against fake emails purporting to contain an IRS tax bill related to the Affordable Care Act. The IRS has received numerous reports around the country of scammers sending a fraudulent version of CP2000 notices for tax year 2015. … [Read more...]

How to Protect Your Children Against Identity Theft By Rhea Harris, CPA, WithumSmith+Brown – July 5, 2016   My 25-year-old daughter recently sent me a notice that she received from the U.S. Office of Personnel Management (OPM) stating that her social security number, fingerprints and other personal information were included in a “malicious cyber intrusion,” which resulted in the theft of … [Read more...]