Did your employer give you a gift, bonus, or other item of value at the end of the year? No? Lucky you.
The IRS does not make you pay taxes on what is called a “de minimis” gift fringe benefit – a business gift so small it’s not worth reporting.
Experts recommend using some type of guidance to navigate forms and maximize your returns.
So you’ve prepared your tax return and found that you owe. What should you do if you can’t pay?
The IRS expects 75 percent of all 2012 returns will get a refund, so if you haven’t started preparing your taxes yet, do it.
Recently released tax revenue figures in New Jersey are giving leaders second thoughts about all the economic recovery talk in the state.
In a move that seemed to surprise Democrats and Republicans, New Jersey Gov. Chris Christie on Tuesday proposed an across-the-board 10 percent income tax cut to lure people back to the state with the nation’s highest property taxes.
New Jersey is taking in more revenue from its various taxes. How much more depends on who you talk to. And there’s already talk on what to do with that extra money.
Landlords having work done on their properties must now file a 1099 form for anyone making $600 or more.
Pennsylvania’s revenue collections to run a bit ahead of projections, but not nearly enough to put a serious dent in a multi-billion dollar deficit projected for the next state budget.