It has been a year since President Trump signed into law the Tax Cuts and Jobs Act (TCJA).  As outlined below, these sweeping new tax provisions are complex and extra time and resources are required to ensure we properly report each applicable tax situation. Tax Forms Have Changed and/or Have Additional Schedules. To accommodate the many changes […]
Read MoreDespite the government shutdown, the IRS has confirmed that it will process tax returns beginning Jan. 28, 2019, and provide refunds to taxpayers as scheduled. “We are committed to ensuring that taxpayers receive their refunds notwithstanding the government shutdown. I appreciate the hard work of the employees and their commitment to the taxpayers during this […]
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1099 FORMS ARE NOT OPTIONAL – THEY’RE REQUIRED BY LAW- Werdann DeVito LLC wanted to provide this reminder to ensure that you meet your obligation for all 2018 payments to unincorporated individuals and businesses of $600 or more (rents, services, prizes, attorney fees, etc.). The IRS is increasingly focusing their attention in this area since it […]
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The New Jersey Tax Amnesty program begins Nov. 15, 2018, and ends Jan. 15, 2019. During this period, taxpayers have the opportunity to file past tax returns and/or pay back taxes along with half of the interest due and no penalties as of Nov. 1, 2018. Amnesty only applies to individuals or businesses with outstanding […]
Read MoreWerdann DeVito LLC furthers its commitment to clients by providing a regular newsletter on relevant topics that impact every family in New Jersey and beyond. Please click on the link below to read our October-December edition. If you need our services, contact Werdann DeVito LLC today. Click here to download our newsletter
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