THE JOY OF AVOIDING NEW JERSEY TAXES

You are paying too much New Jersey state income tax – and it’s nobody’s fault but your own!  

Most NJ taxpayers concentrate on their federal tax return and spend minimal time on their NJ return, simply taking numbers from the 1040 and putting them on the NJ-1040.  As a result they are paying more NJ state tax than necessary, often paying tax on income that is not even taxed by NJ.  By becoming informed on NJ state tax law and using proper tax planning you can make sure that you pay the absolute least amount of NJ Gross Income Tax possible for your particular situation.

Whether or not you use a professional tax preparer, the more you know about NJ taxes the more you will be able to properly structure your financial transactions during the year to minimize taxes and the better prepared you will be when giving your “stuff” to your preparer at tax time.

I have been preparing NJ-1040s for as long as there has been a NJ-1040, and federal income tax returns for even longer.  I share my knowledge and experience from over 40 years as a professional tax preparer in my new book THE JOY OF AVOIDING NEW JERSEY TAXES to help you to learn how to pay the absolute least amount of NJ Gross Income Tax possible.

In THE JOY OF AVOIDING NEW JERSEY TAXES I discuss -

• INTRODUCING THE NEW JERSEY GROSS INCOME TAX
• AVOIDING THE NJ MARRIAGE PENALTY BY FILING SEPARATE RETURNS
• CLAIMING DEPENDENT COLLEGE STUDENTS ON THE NJ RETURN
• RECONCILING FEDERAL AND STATE WAGES
• REPORTING INTEREST AND DIVIDEND INCOME
• REPORTING NET PROFITS FROM A SCHEDULE C BUSINESS
• NJ STATE TAX PLANNING FOR CAPITAL GAINS
• TAKING ADVANTAGE OF THE 3-YEAR RULE FOR PENSION DISTRIBUTIONS
• CALCULATING TAXABLE IRA DISTRIBUTIONS
• THE NEW JERSEY RETIREMENT INCOME EXCLUSION (updated!)
• REPORTING INCOME FROM PARTNERSHIPS AND SUB-S CORPORATIONS
• LIMITED PARTNERSHIPS AND THE OTHER RETIREMENT INCOME EXCLUSION
• MAXIMIZING THE DEDUCTION FOR MEDICAL EXPENSES
• CALCULATING THE NJ PROPERTY TAX DEDUCTION
• CALCULATING TAXABLE NEW YORK NON-RESIDENT INCOME
• TAX BENEFITS FOR VETERANS AND THEIR CAREGIVERS
• AMENDING YOUR RETURN

It also contains several valuable worksheets and schedules. 

In discussing filing separate returns I talk in detail about how I used a quirk in the tax law to save between $1,600 and $2,500 in NJ Gross Income Tax for my clients.

As far as I am aware, this is the only book in existence that deals exclusively with tax planning for and preparation of NJ state income taxes.

The cost of this valuable resource for NJ taxpayers is only $12.35 plus 3.60 postage.   

 
To order the print version send your check or money order for $15.95, payable to TAXES AND ACCOUNTING, INC, and your postal address, to –

TAXES AND ACCOUNTING, INC
THE JOY OF AVOIDING NJ TAXES 

POST OFFICE BOX A

HAWLEY PA 18428