Jan 10 Everything You Need to Know About Schedule D and Capital Gains

Posted at 11:03am in News & Events

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Schedule D is the IRS tax form that reports your realized gains and losses from capital assets — investments and other business interests. You detail the total purchase price of assets, what they were sold for, and whether they were held for long-term (more than a year) or short-term (less than a year).

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Jan 10 New Jersey Enacts Corporate Transit Fee

Posted at 2:49pm in News & Events

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On June 28, New Jersey enacted a corporate transit fee, a 2.5% tax on some corporation business tax (CBT) payers that have New Jersey allocated taxable net income in excess of $10 million.[1] The fee is effective for privilege periods beginning on and after January 1, 2024, through December 31, 2028.

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Jun 16 Can an IRS Offer in Compromise Help You?

Posted at 11:24am in News & Events

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Despite its reputation, the Internal Revenue Service can be flexible in situations where you owe more in taxes than you can feasibly pay. The IRS will consider your unique set of circumstances and your ability to pay in terms of your income, expenses, and asset...

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