Nobody likes being nagged, but I’m going to risk reader displeasure by reminding everyone that there are hefty financial consequences if you owe income taxes and do not file a return on time – or at least request a filing extension.
TRENTON – A bill to create a new type of corporate structure in New Jersey that allows for-profit companies to organize in a way that promotes their social or environmental mission has been signed into law by Gov. Chris Christie.
WASHINGTON, D.C. – New Jersey Sen. Robert Menendez has called for the release of oil from the federal government’s Strategic Petroleum Reserve to help lower rapidly-rising gas prices.
UTICA, N.Y. – Less than a third of voters believe that their children will have a better life than they do, according to a new Zogby Interactive Survey.
MOUNTAINSIDE — Unclaimed refunds totaling approximately $36.5 million are awaiting about 31,000 New Jerseyans who did not file a federal income tax return for 2007. To collect the money, a return for 2007 must be filed with the IRS no later than April 18.
Before the housing crisis, it wasn’t uncommon for people to raid their home-equity piggybanks to pay off bills. Plummeting home values and tougher lending standards helped curb that practice, leading some people to engage in a far more disturbing habit: borrowing or withdrawing money from their retirement accounts to cope with financial hardship.
STATE – The average price of a gallon of regular, full-service gasoline reached $3.09 a gallon overnight, according to AAA Mid-Atlantic. That’s up five cents in the past week and 54 cents since this time last year.
STATE – According to a report released yesterday by the Washington, D.C.-based Tax Foundation, New Jersey residents had the highest state-local tax burden in the nation in 2009.
MOUNTAINSIDE – Several Internal Revenue Service Taxpayer Assistance Centers will be open on Saturday Feb. 26 from 9 a.m. to 2 p.m. for taxpayers seeking tax assistance.
STATE – The IRS sponsors community-based volunteer programs that offer free assistance with basic income tax preparation for qualifying taxpayers.