Republicans are considering a fix to the so-called Harvey Weinstein provision in their new tax law that they acknowledge could inadvertently penalize victims of sexual harassment in the workplace. Section…
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On October 14, 2016, as part of an overall gas tax and income tax compromise, a bill was signed into law that will phase out the New Jersey Estate Tax….
On August 2, 2016, Sen. Charles Schumer, D-N.Y., proposed a bill titled “United States Appreciation for Olympians and Paralympians.” The Senate approved the bill by unanimous consent, and the measure…
On May 25, 2016, Senate Finance Committee Ranking Member Ron Wyden (D-OR) introduced the “Presidential Tax Transparency Act”, a proposed new law which would amend the Federal Election Campaign Act of 1971 to require…
And then there were three: a pre-convention look at the Presidential candidates’ individual tax reform plans The end of the 2016 primary season is in sight, and while many significant…
The new year brings with it many tax changes that affect individual filers, businesses and estates. Some of the highlights include: PERSONAL TAXES: The 2016 standard deductions increase – Married…
On Dec. 18, 2015, the President signed a bill that included several tax provisions affecting individuals, families, and business owners. Some provisions have been extended permanently—meaning that you can confidently…
This past summer (July 2015) , a new law was passed that included changes to due dates for certain tax returns. The law also provides several new extension dates. These…
Contributions to a Roth IRA aren’t deductible. The amount that can be contributed to a Roth IRA is subject to the same limitations as apply to regular IRAs. Qualified distributions…
President Obama’s 2016 budget proposal contains a number of tax increases, not the least of which is to make death a taxable event. Obama’s proposal would impose a capital gains…
