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

Category: Media Center

Governor Murphy’s Revised Fiscal Year 2021 Budget Proposal Includes Tax Increases

Posted In:

On August 25, 2020, Governor Murphy released his revised budget proposal for Fiscal Year 2021 (FY 2021). The proposal includes tax policy changes estimated to yield just over a billion dollars for the nine-month FY 2021 period, including: Imposing the millionaire’s tax on all income above $1 million; Permanently incorporating…

COVID-19 Notice to Clients & Friends

Posted In:

To our valued clients and friends,   We at Kulzer & DiPadova hope you and your family are well and taking measures to ensure your ongoing health and safety while adapting to this serious public health situation.  We want to assure you that throughout the COVID-19 pandemic we will continue…

IRS Releases Inflation-Adjusted Amounts for 2020

Posted In:

The income tax brackets, standard deduction amounts, and many other tax items are adjusted annually for cost-of-living increases. On Tuesday, November 6, 2019, the IRS released the adjustments that will apply for the 2020 tax year. Below is a highlight of some of those adjustments. Ordinary income. For married individuals…

Section 199A Proposed Regulations Provide De Minimis Safe Harbor for Specified Service Businesses

Posted In:

New proposed regulations under I.R.C. § 199A provide a de minimis exception for owners of passthrough entities which offer a mix of products and specified services. QBI Deduction and Specified Service Trade or Business Generally, I.R.C. § 199A provides a deduction to non-corporate taxpayers of up to twenty (20%) percent…

Proposed 199A Regulations Narrowly Interpret “Reputation or Skill” Clause for SSTBs

Posted In:

In a welcome development for owners of passthrough businesses, new proposed regulations under I.R.C. § 199A include a very narrow interpretation of the “catch-all” clause defining specified service trades or businesses. QBI Deduction and Specified Service Trade or Business Generally, Section 199A provides a deduction to non-corporate taxpayers of up…

Sign Up For Our Newsletter