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Month: February 2020

On January 13, 2020, Governor Phil Murphy signed into law Senate Bill 3246 (S. 3246 or bill) establishing the “business alternative income tax” (BAIT), an elective New Jersey business tax regime for pass-through entities (PTEs). The BAIT program is intended to give New Jersey indi Read More

As part of a larger effort to ensure compliance and fairness, the Internal Revenue Service recently announced that it will step up efforts to visit high-income taxpayers who in prior years have failed to timely file one or more of their tax returns. Click here to be redirected to the article Read More

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