IRS Provides Tax Relief to Victims of Hurricane Sandy

Posted on November 8, 2012 by IRS2_admin

The IRS announced tax relief to individuals and business affected by Hurricane Sandy.

The IRS tax relief postponed various tax filing and payment deadlines. Hurricane Sandy victims have until Feb. 1, 2013 to file all tax returns and pay any taxes due. Tax payments and tax returns, include but are not limited to, fourth quarter individual estimated tax payment, payroll and excise tax returns and accompanying payments for the third and fourth quarters. Additionally, tax-exempt organizations required to file Form 990 series returns has been postponed. Continue reading →

Trenton New Jersey Tax Hike

Posted on October 18, 2012 by IRS2_admin

During the past few years, homeowners living in Trenton, NJ, have found themselves paying increasing amounts of taxes. By some estimates, city taxes have increased nearly 30 percent within three to four years. The amount of money raised by the city government rose by 19 million dollars from 2009 to 2012. Within that same time period, however, police officers were laid off and city services rapidly deteriorated.

Home and business owners could be facing a property tax rate hike in 2013 that will equate to a 5 percent increase. If implemented, this increase would put Trenton’s city tax rate at a whopping $3.88 for each $100 of assessed value. By comparison, this figure was $2.48 in 2008. Continue reading →

A New Office to Help New Jersey Taxpayers with Sales & Income Tax Issues

Posted on September 15, 2011 by IRS2_admin

Are you a New Jersey Taxpayer suffering or about to suffer an undue hardship as a result of the New Jersey Division of Taxation?

There is now help.

In 2011, New Jersey State Treasurer Andrew Sidamon-Eristoff created the Office of the Taxpayer Advocate (“OTA”) within the Treasury Department’s Division of Taxation. Sheri Silverstein, a tax attorney whom worked in the Division of Taxation for 24 years was named the advocate.

Similar to the Federal Taxpayer Advocate, the OTA provides an avenue of independent review for taxpayers with state tax problems.

The goals of the OTA are as follows:

To provide assistance to taxpayer’s with tax problems which they are unable to resolve through the normal tax administrative channels.
To identify & propose solutions to systematic problems or processes, and procedures that affect taxpayers.
To assist taxpayers suffering, or about to suffer, an undue hardship as a result of the Division’s actions.
To ensure that New Jersey Taxpayer’s Bill of Rights is followed.

Currently, the OTA is limited to gross income and sales and use tax issues.

If you meet the above criteria, you should complete and submit Request for Assistance from the Office of the Taxpayer Advocate, (Form NJ-OTA-911), and mail or fax it to:

State of New Jersey Division of Taxation
Office of the Taxpayer Advocate (OTA)
P.O. Box 240
Trenton, NJ 08695-0240
Fax: (609) 984-5147