After months of talk in Congress, the New York State legislator has decided to make the Pass-Through Entity Tax (PTET) Retroactive to January 1st, 2022. This decision was tied into the nexus bill that was signed a couple … Continue reading
News & Articles
IRS Accidentally Exposes Approximately 120,000 Individual Information on Their Website
The hits just keep coming for the IRS. This time in the form of accidentally revealing sensitive taxpayer information from Form 990-T, which is for the business tax returns filed by tax-exempt organizations. According to the agency, it was … Continue reading
New Jersey Officials Want More Leverage in Negotiating Income Taxes for Out-of-State Commuters
New Jersey Officials have announced bipartisan legislation which hopes to give the state more leeway when it comes to how out-of-state commuters and residents who work from home are taxed. In nearby places like New York City, Connecticut, and Philadelphia … Continue reading
Humans Of DSJ – Sanaa Zaidi
Introducing Sanaa Zaidi
After Growing up in Queens and moving to Long Island, Sanaa went back to her hometown to attend Queens College, where she majored in accounting. She has worked in the accounting industry for over a decade, starting … Continue reading
Window Films to Get New Tax Credit Benefits and an Extension Through 2032
This past August, the Biden Administration announced the Inflation Reduction Act which included a plethora of different things from a focus on climate change and energy, to healthcare costs and prescription drugs. Hidden within the deal as well, however, are … Continue reading
NYC’s Yellow Taxi Medallion Owners To Receive Debt Relief Next Month
For decades, the yellow cabs seen driving around the streets of New York City have almost become something of a tourist attraction for some people. Seemingly endless amounts of individuals flood the streets looking to pick up passengers and get … Continue reading
Top Automakers Pushing to Build US Battery Plants Amid EV Tax Credit Revamp
In light of the new EV tax credit rules that were a part of a deal between Senators Chuck Schumer and Joe Manchin, EV automakers are now required to have the battery that goes inside the car, mainly manufactured and … Continue reading
U.S Payroll Grows By 315,000 In August
As expected, the U.S. labor market grew in August as more people are entering the workforce, which in turn pushed the unemployment rate up. A total of 315,000 new jobs were added which was higher than the expected 298,000 for … Continue reading
With the IRS’ New $80 Billion in Funding, Some Say it Should Be Spent on Answering the Phone
If you ever have had to call the IRS for any reason, you know that getting in touch with an employee is next to impossible. Earlier this month President Biden announced the Inflation Reduction Act, which included a plethora … Continue reading
Some States have Already Announced Whether or Not they Will Tax Student Loan Forgiveness
Recently, President Joe Biden announced his plans to cancel some student loan debts for millions of Americans across the country. Most borrowers making less than $125,000 per year or $250,000 for married couples filing jointly will qualify for $10,000 in … Continue reading