Tax

The Hertzbach Tax Group provides a comprehensive range of innovative tax services to our clients. Navigating the tax landscape of today requires skilled professional help to carefully track, interpret, and plan. We bring specific experience to every area of tax planning and preparation. We are focused on keeping you informed, and one step ahead.

Here are some of the tax matters in which we can assist:

  • Business Tax Preparation and Planning
    • Corporations
    • Partnerships
  • State and Local Tax
  • Estates, Gifts and Trusts
  • Credits and Incentives
  • Individual and High Net Worth
  • Transaction Planning
    • Merger & Acquisitions
    • Business Transition Plans
  • Nonprofit
  • International

Useful Tax Information

Tax Updates

IRS Releases Proposed Regulations and FAQ on New Business Interest Limitation

Posted By: Tax Department , November 27, 2018

On November 26th the IRS released Proposed Regulations addressing the §163(j) business interest limitation.  This was a major provision of the TCJA.  Along with the Proposed Regulations they provided a list of FAQs explaining how the limitation works.  We will be combing through the Proposed Regulations for any new insights they provide, check back for…

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New Jersey Tax Amnesty Program Now Available – Take Advantage or Face An Additional Penalty

Posted By: Marketing , November 21, 2018

The New Jersey Division of Taxation is running a tax amnesty program from November 15, 2018 until January 15, 2019. The program applies to most state tax liabilities and applies to returns due on or after February 1, 2009, and prior to September 1, 2017. Taxpayers who participate in the program will receive a waiver…

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Tax Planning for 2018 & Beyond

Posted By: Tax Department , November 15, 2018

Year-end planning for 2018 takes place against the backdrop of a new tax law – the Tax Cuts and Jobs Act – that makes major changes in the tax rules for individuals and businesses. Tax planning is now more important than ever. Below are some key strategies and items to consider. Additional information on these…

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Hertzbach Receives 2018 Customer Superstar Taxologist Award

Posted By: Marketing , November 12, 2018

Thomson Reuters announced the winners of the Customer Superstar Awards at its 38th annual SYNERGY Users’ Conference for tax and accounting professionals in Orlando, Fla. The Customer Superstar Awards were created to honor practitioners and firms who demonstrate outstanding dedication and service in the tax and accounting profession. Winners were selected by a panel of…

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IRS Increases Contribution Limits for Retirement Accounts

Posted By: Tax Department , November 8, 2018

The IRS recently announced that they have increased the contribution limits for many retirement accounts for 2019.  Contribution limits for employees who participate in a 401(k), 403(b), and the Federal Government Thrift Savings Plan have increased from $18,500 to $19,000.  However, the catch-up contribution limit for employees aged 50 years or older using these accounts,…

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Tax Reform & Tariffs Widen the Affordable Housing Gap

Posted By: Affordable Housing , November 7, 2018

By Joseph Canataro and Kyle Paisley The U.S. has an affordable housing gap, and the combined impact of tax reform and tariffs could make it a lot worse. What’s the scope of the current supply gap? The National Low Income Housing Coalition reports a shortage of 7.2 million affordable and available rental homes. This means that there…

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