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Murphy's New Jersey budget prompts second-guessing

Murphy's New Jersey budget prompts second-guessing
bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.

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Tax filing extension sought in Trenton and Washington

State lawmaker prepares bill to postpone filing deadline to May 15, if the IRS does the same for federal income taxes
New Jersey taxpayers could get more time to file their state income-tax returns this year if federal officials relax the April 15 deadline for a second straight year amid the coronavirus pandemic.
While no decision has been announced by President Joe Biden’s administration, legislation introduced in Trenton this week seeks to give New Jersey taxpayers an extra month to submit their state tax returns in the event the federal Internal Revenue Service eventually delays its own tax deadline.
Under the proposal, state income and corporate-business tax returns and payments could be submitted by May 15 this year without any extra fees, penalties or interest. ....

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The Tax Headaches of Working Remotely During the Pandemic

The Tax Headaches of Working Remotely
“Each state has its own rules,” one tax expert says. So if you worked in a state other than your usual one in 2020, here are some tips on dealing with the tax season.
Credit.Party of One Studio
March 12, 2021
Last year, Ariele Doolittle, a tax lawyer, got a call from a client who lived and worked in New York but was considering working remotely from California temporarily after his offices were shuttered in the pandemic.
Not a good idea, Ms. Doolittle told him.
California, she said, would tax his income because he was physically working there. And New York would probably tax his earnings as well. Plus, when he filed his New York resident tax return, the state probably wouldn’t give him a credit for the taxes he paid to California. ....

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PKF O'Connor Davies Hires Ari Rothkopf as Partner

PKF O'Connor Davies Hires Ari Rothkopf as Partner
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NJ CPAs help Asbury Park Press readers with tax questions

NJ CPAs help Asbury Park Press readers with tax questions
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