Tax Services Archives

Summary Congress enacted changes to qualified improvement property (QIP) and bonus depreciation in the 2017 tax reform, also known as…

New Jersey Governor, Phil Murphy, has released his proposed budget for the state’s 2020 Fiscal year. The main tax item…

Len NittiMarch 25, 2019

Renting out extra rooms or a summer home thru Airbnb is a great way to make some extra money from…

As part of the passing of the Tax Cuts and Jobs Act in December 2017, a new tax incentive was…

Len NittiMarch 4, 2019

Cryptocurrencies have faced significant headwinds on the path to widespread use and adoption. Governing bodies have been hesitant to acknowledge…

Karolis MatulisJanuary 30, 2019

On Monday November 26, 2018 a bill that would legalize recreational marijuana in New Jersey was approved. The bill would…

On Friday, December 22, President Trump signed sweeping tax reform (the “Act”) into law. The Act provides the most comprehensive…

Internal Revenue Service Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations, has been in existence…

WilkinGuttenplanDecember 27, 2018

Purpose of the form Internal Revenue Service Form 5472 is an informational form that discloses the transactions during the tax…

WilkinGuttenplanDecember 27, 2018

With the end of the year rapidly approaching, now is the time to be looking at tax savings moves. With…

WilkinGuttenplanDecember 27, 2018