Tag Archives: pass-through entities

Tax Relief. If you live in New Jersey.

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Yes, it’s tax season.

Which means many of you will be cursing under your breath again at the TCJA (Tax Cut and Jobs Act, sic- it was a tax cut for the rich with NO jobs whatsoever).  Why?  Because one of the hallmarks of this act was the virtual elimination of itemizing on one’s taxes.  Sure, the architects of this cornucopia of blessing for big business and the 1%-ers claim that it makes your tax filing easier.  (So does the very old joke as demonstrated by the IRS “form” below.)

Continue reading Tax Relief. If you live in New Jersey.

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Business Entity- revisited for 2018 tax rules

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I’ve written about how the Tax Cuts and Jobs Act (now known as PL117-95) is going to change the way we think about businesses and income. (Here’s one link– there are about 15 such posts.)  Today, we’ll talk about how this new tax law changes the sort of business entity we maintain.

Continue reading Business Entity- revisited for 2018 tax rules

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