Comparison of House and Senate Versions of Tax Cuts and Jobs Act

  On December 2, 2017, the Senate passed its version of H.R. 1, the Tax Cuts and Jobs Act.  While the bill must now go to conference committee to reconcile the differences between the House and Senate versions, the following chart summarizes the major provisions of the bill and where […] Read more »

A Whiff of Fraud?

  The New Jersey Tax Court recently addressed, for the first time, the State’s civil fraud tax penalty. The New Jersey Division of Taxation may impose a civil fraud penalty if any part of a state tax assessment is due to the taxpayer’s fraud. The penalty is 50% of the […] Read more »

Christie Vetoes ‘Home-Sharing’ Tax Bill

Airbnb Rentals in New Jersey May Soon be Subject to Tax

UPDATE: On Friday, July 21, 2017, Governor Christie vetoed Assembly Bill No. 4587, which bill would have imposed State sales and use tax and hotel and motel occupancy fees on transient accommodations like those provided through Airbnb. In support of the veto, Governor Christie stated “I strongly believe that levying new […] Read more »