Author: Surya Padhi, EA

NJ-W4

TAX YEAR 2024: Form NJ-W4: What is it? How to fill it out.

The NJ Employee’s Withholding Allowance Certificate, also known as Form NJ-W4, is a New Jersey…
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Tax Year 2024: Received CP22A from IRS? What is the next step?

The IRS CP22A notice is a communication from the Internal Revenue Service (IRS) that informs…
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Form W4, Withholding Tax.

Tax Year 2024: W-4 Form: What It Is, How to Fill It Out.

Introduction: Employers use the W-4 to calculate certain payroll taxes and send the taxes to…
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Amendment of federal tax return

Tax Year 2024: When to Amend A Federal Tax Return.

Source Issue Number:  Tax Tip 2024-38. When a taxpayer realizes that their federal tax return…
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FBAR Reporting Requirement

TAX YEAR 2024: FBAR (FinCEN Reporting Requirements)

Per the Bank Secrecy Act, every year you must report certain foreign financial accounts, such…
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Tax Year 2024: IRS Payment Options

Taxpayers have a variety of options to consider when paying federal taxes. Electronic payment options are the…
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Tax Year 2023:  Substantial Services

When it comes to tax returns, the concept of substantial services can have different implications depending on…
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Digital Assets

Tax Year 2024: What taxpayers need to know about digital asset reporting and tax requirementsTax Year 2024:

Issue Number:  Tax Tip 2024-21 Taxpayers filing 2023 tax returns must check a box indicating…
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Tax Year 2024: Estimated Tax

For the tax year 2024, estimated tax payments are essential for individuals who anticipate owing…
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Running a Business! What should you know about commingling of fund?

After putting in the effort required to develop a product or provide a service, the…
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