Money

IRA warns taxpayers about scam

WASHINGTON — The Internal Revenue Service issued a fraud alert for international financial institutions complying with the Foreign Account Tax Compliance Act (FATCA). Scam artists posing as the IRS have fraudulently solicited financial institutions seeking account holder identity and financial…

New Jersey leading the nation in poverty

New Jersey Policy Perspective (NJPP) released a new report that says the Garden State experienced the largest increase in poverty and child poverty in the nation last year. The progressive think tank also found that New Jersey has recovered only 40…

State and local tax deductions at risk

Many temporary federal tax provisions expired at the end of 2013 and while policymakers have routinely extended many of these provisions over the past decade, action on a package of “extenders” in 2014 remains uncertain. Among the expired provisions is the…