With economic indicators fluctuating wildly, it’s impossible to know when the economy will recover; so many households are still struggling with the task of making ends meet. With the foreclosure rate in 2009 rising by 21 percent with nearly 4 million homes lost, the worries are very real.
MOUNTAINSIDE — The Internal Revenue Service announced several additional steps it is taking this tax season to help people having difficulties meeting their tax obligations because of unemployment or other financial problems.
ELIZABETH – The Small Business Development Center (NJSBDC) at Kean University has partnered with the City of Elizabeth to host a series of free, bi-weekly workshops for Elizabeth residents and small business owners on the topics of starting or establishing a small business.
Many people are often surprised to find themselves subject to the AMT, or alternative minimum tax. Although this tax was originally intended for a narrow group of taxpayers, it is now estimated to have an impact on millions of people.
MOUNTAINSIDE – Taxpayers seeking tax preparation assistance should look into the IRS sponsored, community-based, volunteer tax return preparation programs. The IRS sponsors both the Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) programs.
STATE—A majority (52 percent) of New Jersey voters approve of the way Gov. Chris Christie is handling his job so far, according to the most recent poll by Fairleigh Dickinson University’s PublicMind™.
MOUNTAINSIDE—Unclaimed refunds totaling approximately $43 million are awaiting about 39,900 New Jerseyans who did not file a federal income tax return for 2006. To collect the money, a return for 2006 must be filed with the IRS no later than April 15, 2010.
WASHINGTON, D.C. – The U.S. Postal Service is moving forward with plans to cut mail delivery to five days a week instead of the current six, in an attempt to improve its financial position.
Unless you raise chickens, the literal meaning of “Don’t put all your eggs in one basket” probably doesn’t apply. But we all know what the phrase implies: Don’t deposit all your money in one investment vehicle or you may risk losing it all. Think about employees who invested their entire 401(k) balances in company stock, then lost everything when the company folded (think Enron).
TRENTON – In an effort to reduce an impending automatic tax hike for New Jersey employers, Gov. Chris Christie proposed cutting the maximum weekly unemployment benefit payment by $50 and imposing a one-week waiting period before applicants could collect benefits.