Governor Christie announced that tax relief will be provided for New Jersey businesses that suffered damage from the Seaside Heights and Seaside Park fire.
The tax relief allows NJ businesses to postpone the filing of the 3rd quarter sales and use tax returns, due on October 21, 2013, without a penalty. The tax relief announced is similar to the relief afforded to NJ taxpayers after Hurricane Sandy.
Todd S. Unger, Esq. is a tax attorney whose practice is devoted to assisting New Jersey residents with the resolution of state and federal tax issues. If you have any questions regarding Governor Christie’s announcement of New Jersey tax relief, please contact the Law Offices of Todd S. Unger, Esq. today.
A New Jersey taxpayer requested a Letter Ruling regarding the New Jersey Sales and Use Tax Act in connection to dog sitting and dog training activities. Letter Ruling 2013-1-SUT is binding on the Division of Taxation and the taxpayer requesting guidance exclusively. Therefore, a Letter Ruling cannot be relied upon for precedent.
The taxpayer who requested guidance was a certified dog trainer that offered dog owners the following services: 1) instruction on how to properly handle their dogs; 2) dog sitting services; and 3) selling clients trained dogs that were purchased by the taxpayer. The taxpayer wanted to know if the foregoing services were subject to NJ Sales and Use Tax. Continue reading
Uri Jacobson, the Co-Owner of Bare Feet Shores, a retail clothing and shoe store in the NJ and Philadelphia region was sentenced on August 29, 2013 to 30 months in prison for a tax fraud conspiracy.
The tax fraud involved “under the table” payments to employees and filing false tax returns. Elena Falaschetti, of Philadelphia, who was a store manager, was also indicted. Falaschetti pleaded guilty to filing false personal income tax returns for the 2006 through 2009 tax years. She had underreported income by approximately $121,000 Ms. Falaschetti was sentenced on May 20, 2013 to six months of home confinement. Continue reading
The National Taxpayer Advocate raised a few eyebrows in Washington, DC recently when it suggested that the Internal Revenue Service make “apology payments.”
Nina Olson is the National Taxpayer Advocate and, as such she heads the Office of the Taxpayer Advocate, a government office dedicated to helping taxpayers solve their problems with the IRS. Twice a year, she is required to submit semi-annual reports to Congress. In her most recent report, she recommends that the IRS specifically allow her office to make “apology” payments of up to $1,000 to taxpayers where the action or inaction of the IRS causes excessive expense or undue burden, and the taxpayer experiences a “significant hardship.” Continue reading
In post-Hurricane Sandy months, residents along the New Jersey coastline should be concentrating on important things such as family and putting their homes and lives back in order. The last thing they should be spending their time worrying about is sales and use tax.
New Jersey residents, however, may be able to take advantage of certain provisions in the state’s sales and use tax when it comes to being excused from paying taxes for tangible personal property and services associated with disaster recovery efforts. Continue reading
The IRS announced tax relief to individuals and business affected by Hurricane Sandy. In IR 2013-16, the IRS announced that it was extending the Hurricane Sandy tax deadline relief until April 1, 2013 for Monmouth and Ocean counties NJ and Nassau, Queens, Richmond and Suffolk counties NY exclusively. IR-2013-16 postponed various tax filing and payment deadlines from February 1, 2013 until April 1, 2013. Continue reading