The IRS Again Eases Schedules K-2 and K-3 Filing Requirements for 2021

The IRS has announced additional relief for pass-through entities required to file two new tax forms — Schedules K-2 and K-3 — for the 2021 tax year. Certain domestic partnerships and S corporations won’t be required to file the schedules, which are intended to make it easier for partners and shareholders to find information related to “items…

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The Financial Implications of Divorce: Part 2 Webinar Recording

On Thursday, March 3rd, Harlene Stevens, CPA, Matheu Nunn, Esq., and Alyssa Engleberg, Esq., partnered to host part-two of a two part webinar series, The Financial Implications of Divorce. Our presenters discussed the many different financial aspects of a divorce/break-up from both a tax and legal perspective. Whether you or someone you know is already…

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Small Business Programs in 2022

1. NJEDA Small Business Improvement Grant The Small Business Improvement Grant offers reimbursement for costs associated with making building improvements or purchasing new furniture, fixtures and equipment. AMOUNT 50% of eligible total project costs up to $50,000 BENEFITS Businesses may be reimbursed for capital improvements, or purchase and/or installation of new furniture, fixtures, and equipment…

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2022 Tax Calendar

To help you make sure you don’t miss any important 2022 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Please review the calendar and let us know if you have any questions about the deadlines or would like assistance in meeting them. Date Deadline for  January 31…

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The Financial Implications of Divorce: Part 1 Webinar Recording

On Thursday, January 27th, Harlene Stevens, CPA, Matheu Nunn, Esq., and Alyssa Engleberg, Esq., hosted part one of a two-part webinar, The Financial Implications of Divorce. Presenters discussed the many different financial aspects of a divorce/break-up from both a tax and legal perspective. Whether you or someone you know shares a home with someone, is…

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IRS Reports Delays in Processing Refunds

In the National Taxpayer Advocate’s Annual Report to Congress, Erin M. Collins focuses on processing and refund delays and the impact on taxpayers for 2021. The 2021 Annual Report to Congress called calendar year 2021 “the most challenging year taxpayers and tax professionals have ever experienced,” reporting tens of millions of taxpayers experiencing delays in…

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