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federal tax

Federal Tax News for Individuals

September 22, 2022

Read five headlines in Federal Tax News for Individuals.
1. Receiving Money from “Crowdfunding” May Come with a Tax Bill
2. Court Upholds the IRS Rejection of an Offer in Compromise
3. Beware of Various Tax-Related Scams
4. How the IRS Whistleblower Program Works
5. Is Your Hobby Actually a Business?

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The Inflation Reduction Act Includes Wide-Ranging Tax Provisions

August 18, 2022

The U.S. Senate and House of Representatives have passed the Inflation Reduction Act (IRA). President Biden is expected to sign the bill into law shortly. The IRA includes significant provisions…

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Good News: IRS Boosts Standard Mileage Rates for Second Half of 2022

July 13, 2022

The IRS recently announced it will be increasing the standard mileage rate for qualified business drivers for the second half of 2022. The adjustment reflects rising costs at the gas pumps…

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2022 Q3 Tax Calendar: Key Deadlines for Businesses and Other Employers

July 7, 2022

Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2022. Keep in mind that this list isn’t all-inclusive, so there may…

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Annual SBA Preparing for Your Upcoming Audit Client Seminar Recording – June 29, 2022

July 6, 2022

On Wednesday, June 29, our Government Audit Partners Kathryn Mantell, Heidi Wohlleb, Valerie Dolan, and Man Lee hosted our annual School Business Administrator “Preparing for Your Upcoming Audit” client seminar.…

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Help When Needed: Apply the Research Credit Against Payroll Taxes

June 22, 2022

Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject to limits, you can elect to apply all or some…

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CMFO Roundtable Discussion Recording – June 14, 2022

June 15, 2022

On Tuesday, June 14, Bud Jones, Managing Partner of Nisivoccia and Jon Rheinhardt, CFO for Bergen County hosted a CMFO Roundtable discussion. Topics for discussion included How Ratings Agencies Review…

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Federal Tax News for Individuals

May 13, 2022

1. If You Make Estimated Tax Payments, a Deadline Is Coming Up If you pay quarterly estimated taxes, circle this date on your calendar: June 15. That’s the payment due…

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Congress Eyes Further Retirement Savings Enhancements

April 18, 2022

In 2019, the bipartisan Setting Every Community Up for Retirement Enhancement Act (SECURE Act) — the first significant legislation related to retirement savings since 2006 — became law. Now Congress…

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SBA Roundtable – Project Planning & Key Financing Considerations of a Referendum, March 21, 2022

March 24, 2022

On Monday, March 21st, our Government Audit Partners, Kathi Mantell, Valerie Dolan, Heidi Wohlleb, and Man Lee hosted a School Business Administrator (SBA) Roundtable to discuss Project Planning & Key…

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