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Fazzio Law Offices

Tax Law and Foreclosure Law Blog

Our blog is where we provide advice, present client tips, and talk about the latest legal news in the area and across the nation.


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7/31/2018
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Filed an Extension?  What to Do Now. 

Filed an Extension?  What to Do Now. Making sure you don't have a big tax bill for penalties and interest in October means a check-up with your accountant now

Category: Tax Law

7/31/2018
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House Committee Introduces Tax Reform 2.0

House Committee Introduces Tax Reform 2.0 Calling for Universal Savings Accounts for families and making tax breaks permanent.

Category: Tax Law

7/22/2018
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Applying for Currently Not Collectible Status

Currently Not Collectible (“CNC”) status is available to taxpayers who owe the IRS but can’t pay because they are suffering from an economic hardship.

Category: Tax Law

7/22/2018
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Mid-Year Check-up: Tax Savvy Steps to Save in 2019

What can you do now, just past the midway point, to get ready for 2019?

Category: Tax Law

7/22/2018
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States Sue to Overturn $10,000 Cap on SALT Deduction

Four blue states have sued the U.S. Government seeking an injunction to stop the IRS from enforcing the allegedly unconstitutional cap on itemized deductions

Category: Tax Law

7/15/2018
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“Millionaires Taxes” Cause Wealthy to Flee Blue States

In an op-ed in the Wall Street Journal, prominent economists estimate 800,000 millionaires will leave New York and California over the next three (3) years.

Category: Tax Law

7/15/2018
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Write-Off Your Reps! Fitness Tax Break Passes House

On Thursday, July 12, 2018, The House passed a bill (H.R. 2167) (S. 482) allowing taxpayers to treat amounts paid for gym membership as medical expenses.

Category: Tax Law

7/15/2018
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How Will Brett Kavanaugh Rule on Taxes at Supreme Court?

Kavanaugh’s legal position is that challenges to tax statutes and regulations are limited to responding to deficiency suits or making a formal claim for refund.

Category: Tax Law

7/9/2018
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New Jersey Adopts ACA Individual Mandate Starting in 2019

On the heels of the repeal of the Affordable Care Act (“ACA”), New Jersey and other states pass the “individual mandate” into law in their states.

Category: Tax Law

7/8/2018
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Delinquent Taxpayers Get Big Tax Savings In NJ Tax Amnesty

On July 1, 2018, Gov. Phil Murphy signed into law a bill requiring the New Jersey Division of Taxation to raise revenues through a Tax Amnesty program.

Category: Tax Law

7/7/2018
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Bill Will Boost and Revitalize NJ Film and TV Industry

Gov. Phil Murphy signed a law Tuesday called the "Garden State Film and Digital Media Jobs Act" providing film and TV tax credits.

Category: Tax Law

7/6/2018
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New Jersey Raises Corporate Tax Rate 2nd Highest in Nation

New Jersey Raises Corporate Tax Rate to 2nd Highest in Nation, in Deal Averting Government Shutdown.

Category: Tax Law

6/30/2018
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DC Passes Uber and Lyft Tax to Fund the DC Metro

The D.C. Council unanimously voted Tuesday to impose a 5% tax-hike on ride-hailing services, raising the total rate to 6%

Category: Tax Law

6/30/2018
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Head Tax on Google Headed for the Ballot in Mountain View

Mountain View voters will decide this fall if Google and other Silicon Valley tech-giants will have to shoulder a “head tax” on their employee head count.

Category: Tax Law

6/30/2018
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Postcard Sized Tax Return

IRS unveils new postcard-sized tax return, but the simplified form is not usable by most taxpayers, due to the many 1040 schedules.

Category: Tax Law

6/30/2018
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Shutdown Standoff: NJ To Pass Highest Corporate Tax Rate

With shutdown looming Gov. Murphy's $39.4 bn budget looks dead on arrival. Different factions debate a 13% corporate tax versus a millionaire's tax.

Category: Tax Law

6/26/2018
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States Seize on Ruling and Grab to Tax Online Sales

After the decision in Wayfair v. South Dakota, states are scrambling to pass their own nexus laws, styled after the S.D. law that taxed online sellers.

Category: Tax Law

6/26/2018
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Etsy & eBay Sellers Uncertain of Future After SCOTUS Ruling

The Wayfair v South Dakota S.Ct. ruling disproportionately affects small online sellers on sites like eBay and Etsy, creating burdens and barriers to entry.

Category: Tax Law

6/24/2018
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Landmark S. Ct. Case Allows States to Tax Online Sales

In Wayfair v. South Dakota, in an opinion by Justice Kenned, the Supreme Court overruled Quill and discarded the "physical presence" test for sales tax online.

Category: Tax Law

6/19/2018
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Place Your Bets! Legal Sports Betting Comes to NJ

NJ has adopted legalized sports betting at various NJ hotels and racetracks. NJ is taxing sports betting revenues and has turned down integrity fees.

Category: Tax Law

6/19/2018
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Lawn Mowing Tax in Kentucky, Advent of Sales Tax on Services

Sales Tax on services is a growing trend across a variety of states to reinforce lagging state revenues.

Category: Tax Law

6/19/2018
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Seattle Repeals “Amazon Tax” Amid Pressure

After Seattle issued a "head tax" on Amazon workers, the Company fought back with the No Tax on Jobs Campaign and a showdown ensued leading to repeal.

Category: Tax Law

6/10/2018
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The IRS is Running on Fumes… IRS Chief Doubles Down on Tech

Underfunded IRS is getting a small boost from Congress and plans to devote resources to tech initiatives

Category: Tax Law

6/10/2018
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The Blue State Tax Exodus: Fleeing Businesses Cry

Businesses are leaving New York, New Jersey and Connecticut for FL/TX in record numbers due to the high tax burden... and especially the wealthy.

Category: Tax Law

6/10/2018
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Taxing Jobs in Cali? What does Siri think About Google Tax?

Cities are proposing "head taxes" on tech start-ups... from Mountain View and Cupertino to San Francisco and Palo Alto... Google, Amazon, and Apple.

Category: Tax Law