Kulzer & DiPadova, P.A.
76 E. Euclid Avenue, Suite 300
Haddonfield, New Jersey 08033-2342

P: 856.795.7744
F: 856.795.8982
E: info@kulzerdipadova.com

News, Articles & Resources

COBRA Compliance Mandates Seminar

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Joseph M. Kempter, J.D., LLM, CPA presented on COBRA compliance mandates of the American Recovery and Reinvestment Act of 2009 (ARRA) to the Estate and Financial Planning Council of Southern New Jersey on May 1, 2009 in Mt. Laurel, New Jersey. The ARRA was enacted on February 17, 2009. It contains important new compliance mandates for…

Differential Pay for Active Military Duty

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In Revenue Ruling 2009-11, the IRS ruled that the differential pay that employers pay to their employees while on active duty in the United States uniformed services for more than 30 days is subject to income tax withholding, but is not subject to Federal Insurance Contributions Act (“FICA”) or Federal Unemployment Tax Act…

IRS Enforcement Budget to Quadruple

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Reuters New Service reports that President Barack Obama proposed nearly doubling funds to enforce the federal tax laws next year and plans to quadruple funding for tax compliance to $2.1 billion within five years. The budget plan seeks a 5.2 percent increase over the IRS budget for 2009.  The IRS is responsible for…

New Jersey Recordkeeping Rules Proposed

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The New Jersey Division of Taxation has proposed new rules to clarify a Corporation’s recordkeeping requirements under state tax laws. The proposal would provide that corporations are required to maintain all records used to determine their Corporation Business Tax liability and such other records as the Director of the Division…

Pennsylvania Tax Amnesty Begins

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Pennsylvania’s Tax Amnesty period from April 26 to June 18, 2010. During this limited, 54-day timeframe, the Pennsylvania Department of Revenue will waive 100 percent of penalties and half of the interest for anyone who pays his/her delinquent state taxes. Individuals, businesses and other entities with Pennsylvania tax delinquencies as of…

Philadelphia Tax Amnesty to begin May 3rd

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The City of Philadelphia will offer a tax amnesty program from May 3rd to June 25th, 2010.  During amnesty, Philadelphia will waive all penalties and half the interest due on eligible delinquent tax bills. This will allow taxpayers the opportunity to clear up their debts and avoid further enforcement activities, including additional…

Deadline for 2010 New Jersey Property Tax Appeals

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In municipalities where a revaluation or reassessment has been undertaken, real property tax appeal petitions must be filed and received by May 1st. All property owners have the right to file tax appeals with the County Board of Taxation, regardless of the amount of their assessment. For properties with assessments greater…

Gov. Christie Transition Team Outlines Tax Goals

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Governor Christie’s Transiton Team released a series of subcommittee reports regarding tax goals.  The report of the Subcommittee on Economic Development & Job Growth offered a number of state tax-related recommendations. Institutionalize tax restraint Require super-majority legislative approval to enact any new or increased taxes and support a constitutional amendment to institutionalize this discipline…

New Jersey Confirms Roth IRA Rules

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The New Jersey Division of Taxation has confirmed that New Jersey will follow federal tax deferral rules governing the taxation of Roth IRA conversions. Specifically, New Jersey will follow the Federal Tax Increase Prevention and Reconciliation Act of 2005 provision regarding the federal income tax reporting of a distribution from a traditional…

1% Realty Transfer Fee – Mixed Class Properties

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In The Ridgewood Commons Group, LLC, v. Director, Division of Taxation, (Docket No. 010859-2007) (NJ Tax Court, 2009), the New Jersey Tax Court held that where a grantee elects to combine the consideration paid totaling in excess of $1,000,000 for more than one property in a single deed without separately stating…

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