Taxesq - IRS Audit and Business Tax Estate Attorney Cherry Hill NJ

In Memoriam My friend and a mentor in the practice of law, The Hon Joseph M. Nardi, Jr., died on November 23, 2003. He was a wise and generous person. He is missed already. read Judge Nardi's obituarysee: http://www.TaxEsq.com...

SECURITY BENEFITS TO INCREASE 2.1% IN 2004 Social Security benefits will increase 2.1% next year, starting with the payments made in January. The maximum wage base for the combined employer/ee12.4% Social Secuirty tax will increase from $87,000 (in 2003) to $87,900 (in 2004). Wages in excess...

Fed Chairman Suggests Interest Rates have Bottomed The increase in job creation and economic growth may mean no further reduction in interest rates. Chairman of the Federal Reserve, Alan Greenspan, indicated that the Fed's concern is shifting away from fears of slow/no growth to fears that...

Unclaimed Refund Information Online Taxpayers who think they may be missing a refund or advance child tax credit should check IRS.gov, the IRS Web site which lets taxpayers track both their refund and their advance child tax credit. "Where's My Refund?" provides information about refunds and "Where's My Advance...

New Jersey Can't Tax Companies That Have No Physical Presence in State New Jersey's corporate tax on businesses that draw revenue from the state but have no employees or tangible property there violates the federal constitution, a state judge has ruled. Tax Court Judge Peter Pizzuto...

Internet Tax Ban Expires The Senate failed to re-enact the ban on the States Taxing Internet Sales. The temporary ban was first enacted in 1998 and has previously been extended. The big tax and spend states want to get their hands on sales taxes from internet...

PC Sales Slowing in 4th Qtr The November 3, 2003 issue of investor's Business Daily reports a significant decline in anticipated PC purchases for the 4th quarter. This estimate is for both consumer and business spending. There may be an attempt to bolster the technology sector,...

U.S. Economy Growing Fast During the third quarter the economy expanded at an annual rate of 7.2%, more than twice the rate in the previous three months and far ahead of what most observers had expected. My clients have not seemed to experience this trend, although...

IRS To Focus on "Tax Cheats" Surprisingly, only 12% of Americans think it is okay to cheat on taxes. Compared to Italy and most countries, this low figure would be considered a huge governmental success. Nevertheless, the Commissioner of Internal Revenue wants to increase tax law...

Application Fee for Offers in Compromise Beginning November 1, 2003, the IRS will charge a $150 application fee for the processing of offers in compromise. The IRS expects that this fee will "help offset the cost of providing this service, as well as reduce frivolous claims." In other...