Federal Income Taxes

From December 22, 2018, until January 25, 2019, the U.S. federal government was partially shut down. Now that it’s ended, the leading question for many New Jersey residents seems to be “When will I get my tax refund?” The Internal Revenue Service (IRS) was among the government agencies impacted by the closure. It retained approximately […]

Tax law is by far one of the most complex facets of US law. In fact, the US tax code runs over 2,000 pages in length. To make matters more complicated, laws and regulations are constantly changing year over year and state tax laws vary greatly from state to state. Failing to properly understand tax […]

If you fail to file your tax returns or the Internal Revenue Service (IRS) notes any mistakes or irregularities on the returns that you do submit, it may initiate an audit, which is an in-depth examination of your financial records and transactions. Although people dread the idea of an IRS audit, they don’t happen often. […]

Stop me if this sounds familiar. Your business is experiencing a temporary cash crunch. You have some accounts receivable, or a big project on the way, but for now, you can barely pay your employees and keep the lights on. So you “borrow” from your payroll taxes aka your employment taxes payments to continue paying […]

The Internal Revenue Service (IRS) once estimated that millions of workers were victims of tax misclassification, being defined as independent contractors when the terms and conditions of their work actually defined them as employees. While some employers do so in genuine error, others misclassify their workforce deliberately for reasons like the following: They are not […]