COVID-19 Relief Bill Expands Business Tax Savings
By Klatzkin Tax Team
On December 27, 2020, President Trump delivered a late holiday gift to Princeton, Trenton, and other New Jersey-area businesses when he signed the COVID-19 relief bill into law.
Final 1031 Regulations Provide Much Needed Guidance
By Klatzkin Tax Team
The impact of the COVID-19 pandemic continues to reverberate across the nation. Many businesses have been forced to make changes to operations, product/service offerings, vendors, financing, and capital investments.
IRS Announces Changes to Form 1099
On November 18, 2020, the IRS announced new requirements in the way businesses would report non-employee compensation.
The Twelve Days of Taxmas – Beneficiary Review
On the 12th day of Taxmas, my accountant gave to me an annual reminder to review beneficiary designations for retirement accounts, annuities, and life insurance contracts.
The Twelve Days of Taxmas – General Tax Planning
By ISHAAN ANAND
On the 11th Day of Taxmas, my accountant gave to me some general tax planning tips.
The Twelve Days of Taxmas – Business Structure Review
On the 10th Day of Taxmas, my accountant gave to me a review of my company structure.
More COVID-19 Relief for New Jersey and Pennsylvania Businesses
By Klatzkin Tax Team
Earlier today, Congress approved The Emergency Coronavirus Relief Act, which provides $900B in long-awaited economic stimulus and relief to both businesses and individuals.
The Twelve Days of Taxmas – Retirement Plans Startup Costs Tax Credit
On the ninth day of Taxmas, my accountant gave to me a tax credit for some of the ordinary and necessary costs of starting a SEP, SIMPLE IRA, or qualified plan.
The Twelve Days of Taxmas – Gift Tax Exclusion
On the eighth day of Taxmas, my accountant gave to me an annual Gift Tax exclusion of $15,000.
The Twelve Days of Taxmas – Cost Segregation Studies
By Klatzkin Tax Team
On the seventh day of Taxmas, my accountant gave to me a Cost Segregation Study.