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

Top 10 Property Tax Myths

Posted By: Tax Department , February 5, 2019

Are you missing an opportunity to reduce your property tax liability? Nearly all local taxing jurisdictions, including municipalities, counties, and boards of education, generate tax revenue through the imposition of property tax, which is one of the most substantial sources of local government revenue. For many businesses, property tax is the largest state and local…

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IRS Announces Underpayment Penalty Relief

Posted By: Tax Department , January 17, 2019

The Internal Revenue Service announced yesterday in Notice 2019-11 that it will be providing relief from the assessment of underpayment of estimated tax penalties for individuals under IRC 6654.  In the notice, the Internal Revenue Service has stated due to the effects of the Tax Cuts and Jobs Act passed in December 2017, individual taxpayers…

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IRS Guidance on the Treatment of Qualified Transportation Fringes

Posted By: Tax Department , December 20, 2018

Employers may provide certain qualified transportation benefits to their employees without the employees being taxed on these benefits (“qualified transportation fringes”). After the changes enacted as part of tax reform, certain benefits remain nontaxable to employees, but the cost of providing these benefits is no longer deductible to the employer. These benefits are: Transportation in…

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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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