Tax Strategies

More than 75 percent of CPAs in New Jersey say the Garden State’s recently enacted budget would have a negative impact on the economy, according to a new survey by the New Jersey Society of CPAs.

The upcoming rules may affect one tactic that some wealthy taxpayers have been using to get around the cap on deducting local property taxes.

Motion picture and TV production tax incentives should be incorporated in the tax planning process to lower the cost of production.

The bill would allow taxpayers to treat the amounts paid for membership at a fitness facility as medical expenses.

An obscure tax provision from the 1960s that was left untouched by President Donald Trump’s overhaul could let wealthy individual investors seize for themselves the largest corporate tax cut in U.S. history.

In many cases, the profitable sale of a second home will result in a tax-favored capital gain.

The new tax law allows for full and immediate write-offs through 2022.

New, more complicated marital situations call for careful tax planning.

Despite the uptick in interest rates, an improved economy may lead to a resurgence of interest in vacation or second homes.

The education provider offers courses about the complexities of accounting and taxation of digital currencies such as bitcoin and ethereum.