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February 2012

What is the Kiddie Tax?
We all know that everyone has to file a tax return and pay their taxes, but does that apply to children, too? Many people may have heard of what is often referred to as the kiddie tax. The NJSCPA explains who is subject to it and what it may mean for your family’s tax planning:
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Five Mistakes People Make in Choosing a Tax Preparer
Did you know that you are legally responsible for everything on your tax return, even if another person prepared it for you? Did you also know that your tax return paints a unique picture of your financial situation that you can use to make smart financial decisions throughout the year? Those are a few of the many reasons it’s so important to choose a tax preparer who really knows his or her stuff. The NJSCPA points out common mistakes people make in making this choice and offers helpful solutions:
»entire article