IRS Ruling Allows 401(K) Student Loan Benefits

On Aug. 17, the Internal Revenue Service released a private letter ruling that could make it easier for employers to use their 401(k) plans to assist their employees who are repaying student loan debt…

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States Respond to the US Supreme Court Ruling in South Dakota V. Wayfair

In South Dakota v. Wayfair, 1 issued June 21, 2018, the US Supreme Court overturned both its prior rulings in Quill 2 and National Bellas Hess, 3 finding that the physical presence nexus standard articulated…

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NJ Tax Bill Signed by Governor

The New Jersey governor signed a bill that: impose a surtax on corporations for two years; decouples from certain provisions of the federal Tax Cuts and Jobs Act; reduces the dividend exclusion; requires…

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NJ to Offer Tax Amnesty in 2018

The 2018 New Jersey Tax Amnesty will provide an opportunity for eligible taxpayers to file and pay their past due taxes with reduced interest and no penalties. Take advantage of Amnesty while you can:…

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Tax Cuts “2.0” Draft Expected in July

A tax cuts “2.0” draft will likely be unveiled to House Republicans in July, the House’s top tax writer has said. A draft of the tax reform “phase two” legislative outline is expected to be released…

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