IRS nonfiler cases: Delays and renewed enforcement A recent Treasury Inspector General for Tax Administration (TIGTA) review highlights a significant issue in the IRS’s efforts to pursue high-income taxpayers who have not filed required federal tax returns. The findings also reinforce an important practical point: a delayed IRS notice should never be mistaken for a
Why hospitals, universities and other nonprofits face growing federal scrutiny Universities, hospitals and other nonprofit institutions provide education, health care, research and community services that benefit the public. In exchange, qualifying Section 501(c)(3) organizations generally do not pay federal income tax on mission-related income, and their donors may receive charitable deductions. Depending on state and
As a business owner in NJ, you might have been worried for the last couple of weeks as you could not access the New Jersey Division of Taxation portal. NJ was updating its tax portal and tax filing and payment systems were not operating since April 26, 2025. Additionally, the Sales tax phone filing has
Nonfungible tokens (NFTs) have been in the news since artist Beeple sold an NFT for around $70 million in March 11, 2021. The Wikipedia definition is: "A non-fungible token is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable. NFTs
Over the last couple of days, we found different articles published on the media that New Jersey residents will have paid taxes for almost a million dollars over their lifetime. This is more than any other States ( Massachusetts and Connecticut residents come close at $827,185 and $805,213 respectively). On average, the other residents pay
