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The impact of the SALT cap on state income taxation: What’s at stake

ThomsonReuters

However, the cap enacted in the Tax Cuts and Jobs Act (TCJA) of 2017 has significantly impacted taxpayers who itemize their deductions, particularly those living in high-tax states like California, New York, and New Jersey. Another approach has been the adoption of a pass-through entity tax (PTET) by many states.

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Special Report: 2025 Readers’ Choice Awards

CPA Practice

million – $4,999,999 $5 million – $10,000,000 Over $10 million Consent Policy (Required) By downloading this content, you agree to our Terms and Conditions. million – $4,999,999 $5 million – $10,000,000 Over $10 million Consent Policy (Required) By downloading this content, you agree to our Terms and Conditions.

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Tax Fraud Blotter: Sick excuses

Accounting Today

EDT 6 Min Read Facebook Twitter LinkedIn Email By any other name; poor Service; a saga continues; and other highlights of recent tax cases. Rockford, Illinois: Tax preparer Gretchen Alvarez, 49, has pleaded guilty to preparing and filing false income tax returns. million payroll tax scheme. All rights reserved.

Tax
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Enrolled Agent Near Me: Comprehensive Tax Services for Individuals and Businesses

MyIRSRelief

If you’re searching for an “Enrolled Agent near me,” you’re likely looking for someone who can provide a wide range of tax services. Get help today by calling us at 1-877-78-TAXES [1-877-788-2937]. Developing a Tax Plan: Once tax-saving opportunities are identified, the Enrolled Agent will develop a tax plan.

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AICPA News – July 2025

CPA Practice

David Samayoa Alvarado (New York), a graduate of Ramapo College of New Jersey with a Bachelor of Science in accounting and a Bachelor of Science in finance, is employed with PricewaterhouseCoopers LLP in New York, NY. Partnership Tax TRP Remove Treas.

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Tax Fraud Blotter: Getting personal

Accounting Today

He underreported his taxable personal income, which resulted in his evading at least $1.9 million in income tax. West Long Branch, New Jersey: Resident Matthew Tucci has pleaded guilty to tax evasion. million in taxes. All rights reserved. in restitution, which he paid at sentencing.

Tax
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Professionals on the Move – July 2025

CPA Practice

Kepniss & Associates in New Jersey The deal enables LMC to expand its service offerings, particularly in tax advisory, real estate-related services, and specialized planning for high-net-worth individuals.