- NJ Division of Taxation has set aside thousands of income tax returns for additional review. Some screening criteria for this are: large refunds, out of state refunds, or refunds disproportionate to income. They don't have enough manpower to review these returns quickly so they have sent out notices to taxpayers alerting them of this. If you received such a notice, contact us so we can expedite the process.
- If you received a 1095-A this year because you purchased your health insurance through HealthCare.gov you may have to wait to file your return. The wrong tax information was sent to about 800,000 customers. To find out if you are affected - log into HealthCare.gov and you will have a message OR call the customer service line at 800-318-2596
- Effective in 2015, farms must generate $1,000 in base income to qualify for the real estate tax reduction. This is up from $500 in the past.
Stauffer Edwards & Co., P.A., has a diversified practice which provides accounting, audit, and tax services to individuals, businesses, estates and trusts.
Whether you're just starting a business and need guidance on how to get registered and set up or you're an established business looking to maximize your profits or minimize taxes paid, we can assist you. Operating a business is a complex practice, let us be your financial accounting and tax expert! Contact us today!