Demystifying IRS Agents

The IRS is planning to hire thousands of new agents in the next few years.  Some politicians and the media have portrayed the new hires as a harassing threats to taxpayers. In my decades of experience as a tax attorney

New Rules: New Jersey Finally Follow Federal S Elections

On December 22, 2022, New Jersey Governor Murphy signed into law a new rule that eliminates the need to make separate New Jersey S elections. The law primarily conforms New Jersey’s laws regarding the making of S elections to federal law.

Top 5 tax fraud recoveries in 2022

Tax fraud can take many different forms. Below are the top federal tax fraud cases last year. Crypto Seizures: more than $7 billion. In February, 2022, it was announced that IRS Criminal Investigations Cyber Crime Unit led the seizure and recovery

Sales Tax for Home Improvements

Since New Jersey sales tax rules differ based on the type of work performed, it is important to understand the classifications to avoid paying too much or too little in taxes. What work is exempt from sales tax? For owners

New FATCA / CRS reporting penalties in India

The new 2023 Tax Budget in India has many new proposals. However, the most important proposal for investors, especially non-resident Indians, is a new penalty for providing inaccurate information for KYC (Know Your Customer) including information provided in FATCA and