Tax Basics: Understanding Income Tax Laws
While taxes can be extremely complex, anyone interested in gaining an understanding of where their money is going come tax season should learn these basic terms.
Possible Tax Implications of President Biden’s American Jobs Plan
On March 31, 2021, President Biden presented an infrastructure spending plan, “American Jobs Plan,” and tax reform plan, “Made in America Tax Plan,” that seek to raise corporate income tax.
1099’s 5 Key Reporting Changes
The following is a guest post by Andrew Pogogeff, Senior Partner of Pogogeff & Co. a NJ CPA firm According to the IRS, under-reporting of income is the biggest contributing factor to the IRS tax gap–the amount owed by individuals and businesses versus the amount that was actually paid in taxes. In 2006, the most …