Fiolek Tax & Financial

02/06/2024

A fare increase on bus and train tickets isn’t the only hike on the table in New Jersey. Gov. Phil Murphy and his fellow Democrats are also weighing whether to raise one or a combination of the state’s sales, corporate business, and gas taxes as they prepare for what’s expected to be a tough s...

01/18/2023

WSJ: Tax season is approaching, and there aren't enough accountants.

The accountant shortage is so acute, small and midsize firms are ditching audits and hiring overseas

10/02/2022

Cherry tomato harvest.

05/12/2022

The IRS destroyed an estimated 30 million so-called paper-filed information returns in March 2021, sparking anger from the tax community.

02/12/2022

The inventory of unprocessed returns and related correspondence was provided by the IRS’s taxpayer advocate service to the tax-writing committees in Congress. The Treasury Department, the IRS’s parent agency, warned in January that it expected its response to be subpar this year.

02/10/2022

https://mytaxcoursesonline.com/blog/post/refund-delays-expected-again-as-irs-falls-behind-on-processing-returns

The IRS is expected to fall behind again this year in processing tax returns. Millions of American taxpayers could experience delays in receiving their returns as a result.

01/28/2022

It already looking like the third straight disfunction tax season.

The IRS is investigating complaints from taxpayers who said the IRS 6419 letter does not reflect the accurate amount of Child Tax Credit payments.

01/11/2022

Here we go again: Treasury warns of delayed tax refunds due to 'enormous challenges'.

The Treasury Department is warning that tax refunds and other services may be delayed this year because of “enormous challenges" including the coronavirus pandemic and previous budget cuts made at the Inte

04/28/2021

Ten thousand dollar cap on state and local taxes not going away.

President Joe Biden’s proposed $1.8 trillion education and child care spending bill won’t adjust the $10,000 cap on deducting state and local taxes, senior administration officials said Wednesday. The president focused on ways to raise revenue to fund his plan, and repealing the cap on the deduc...

09/27/2020

Priorities.

The measure is meant to curb plastic pollution, which has inundated New Jersey's beaches, riverfronts and water supplies.

06/30/2020

The Department of the Treasury and the Internal Revenue Service (IRS) have announced that the 2019 tax filing deadline remains July 15, 2020.

05/07/2020

To help bolster the economy, the White House is weighing a variety of measures, including the possibility of extending the tax deadline to September or even December.