The State of New Jersey is working on a loophole for the new tax bill. Under current law, property taxes over $10k are not tax deductible. However, New Jersey may make these taxes a ‘charitable’ expense, which would be tax deductible. Other states, including California, Nebraska, Virginia, and Washington are considering similar “workaround” legislation, according to…
Most of us are relieved to be over the hurdle of filing our 2017 taxes. But, there are always issues that present problems for filers. Check out this story about the math student, his Uber driver, Obamacare subsidy, and taxes. Sam Ferguson, 27 is a math Ph.D. student at New York University who was discussing…
Read the full article at the Taxstringer site The popularity of Internet crowdfunding has exploded in recent years. As individuals and businesses turn increasingly to this alternative form of financing, the regulatory response has been outpaced, leaving tax and legal advisors on uneven ground regarding client counsel. This article provides an introduction to the players…