The IRS is advising certain veterans who received disability severance payments after Jan. 17, 1991, and included that payment as income that they should file Form 1040X, Amended U.S. Individual Income Tax Return, to claim a credit or refund of the overpayment attributable to the disability severance payment. Read on

The use of virtual currency such as Bitcoin has been growing for all sorts of online financial transactions. But the Internal Revenue Service says they’re finding that very few of those transactions are being reported for tax purposes. Read on

UPCOMING NJ TAX CHANGES !! Gov. Christie on Friday scrapped a decades-long agreement between New Jersey and Pennsylvania that has allowed taxpayers to pay income tax in the state where they live, not where they work. Read on