RRBB supports Ukraine through PrimeGlobal affiliation Get Updates + Resources

As of January 29th, the Maplewood office has moved to our Clark location at 67 Walnut Avenue.
Contact Us Client Portal
    • About
      • Mission
      • Team
      • Culture
    • Services
      • For Businesses
      • For Individuals
      • Estate + Trust Tax
      • International Tax
      • IRS Representation + Tax Problem Resolution
      • Litigation Support
      • Industries
    • News + Insights
      • Blogs
      • News
      • Resources
      • Videos
    • Events
    • Careers
      • Why RRBB?
      • Benefits
      • Job Listings
      • Internship Program
    • Testimonials
    • Make a Payment
    Contact Us
    Client Portal

    Home > Blog > Tax

    easy-to-miss income
    Posts

    Easy-to-miss income sources that can cause tax headaches later

    The IRS is getting pretty good at comparing your income reports against what you claim on your tax return. The...

    Year-End Tax Savings Checklist
    Posts

    Your ultimate tax filing checklist

    A smooth tax filing experience starts before your return is prepared. When your information is organized and easy to follow,...

    Ideas to Get Organized for Tax
    Posts

    Time to get organized for tax season

    With tax season officially underway, you want to make filing your return as stress-free as possible. This is even more...

    Tax Tips to Avoid Late Payment Penalties when Second or Fourth Quarter Estimated Taxes Due
    Posts

    Reminder: Fourth quarter estimated taxes now due

    If you have not already done so, now is the time to review your tax situation and make an estimated...

    Tax resolution for filing your tax return
    Posts

    Consider these tax resolution ideas

    Every January brings a familiar ritual. We promise to eat better, exercise more, and finally organize the garage. These are...

    Record Retention: Tips to Organize Your Tax Records
    Posts

    Creating order out of chaos

    As important tax records start filling mailboxes, how can you make sure your tax preparation goes smoothly and efficiently this...

    protect your tax information from phishing scams
    Posts

    Tips to protect your tax information

    Hackers and data thieves target personally identifiable information (PII). They also know their best score can be had by filing...

    Tax resolution for filing your tax return
    Posts

    Getting ready for taxes this year and next

    Plenty of tax changes are lining up as the calendar turns toward 2026, and knowing what’s coming can help you...

    Year-End Tax Planning Checklist Tips in 2025
    Posts

    Your year-end tax and financial checklist

    Year-end is more than just wrapping gifts and planning celebrations. It’s the last chance to make smart money moves that...

    New Car Interest Log for standard business mileage tax deduction rates for 2024/2025
    Posts

    The new car interest deduction

    For years, the tax code has trended toward reducing the amount of interest that may be deducted on your tax...

    Year-End Tax Planning Checklist Tips in 2025
    Posts

    Year-end tax planning tips: 2025 edition

    At the end of each year, there are some things to consider that may have a positive impact on your...

    Reduce tax surprises
    Posts

    There is still time to reduce any tax surprises

    Consider conducting a final tax planning review now to see if you can still take actions to minimize your taxes...

    leveraging giving excess gifts and filing a gift tax return vs. bequests rules
    Posts

    Leveraging gift rules to your advantage

    As you or your family members approach retirement, it's essential to understand the IRS gift-giving rules. With this understanding, there...

    Itemizing Deductions
    Posts

    Itemizing deductions may be back for you

    With the passage of the One Big Beautiful Bill Act (OBBBA), many who took a standard deduction may now need...

    Tax-Free Tips and Overtime Tax Tip Occupations
    Posts

    Tentative tax-free tip occupations announced

    In late September, the Treasury Department presented a list of preliminarily-approved occupations that will qualify for the new federal tax-free...

    Maximizing the Impact of Investment Losses
    Posts

    Using losers to make winners

    With the uncertainty in the marketplace, now is a good time to review the rules surrounding investment losses. This knowledge...

    Business Year-End Tax Planning to Avoid Common Missing Items When Filing in 2025
    Posts

    Key tax planning topics to consider in 2025

    The U.S. tax code is constantly changing. What saved you money last year might cost you this year. In 2025,...

    Applicable Federal Rates
    Posts

    Understanding tax terms: Applicable federal rates

    Your grandson needs a car but cannot afford the payments. As a favor, you provide the $25,000 to purchase the...

    Tax Myths
    Posts

    The truth behind common tax myths

    Tax myths can spread quickly, leading to costly mistakes or missed opportunities. Here are several common tax myths along with...

    Reducing the Cost of Higher Education for College Savings
    Posts

    Reducing the cost of higher education: Ideas to manage your tax breaks

    With kids now back in college, the fact of higher educational costs is impossible to ignore. As you or your...

    Third Quarter Estimated Taxes
    Posts

    Reminder: Now is the time to make your estimated tax payment

    If you have not already done so, now is the time to review your tax situation and make an estimated...

    overtime pay deduction
    Posts

    Overtime pay deduction explained: What the OBBBA tax law means for you

    With the passage of the One Big Beautiful Bill Act (OBBBA) of 2025, there's the ability to receive a deduction...

    Forecasting Your Business Tax Obligation
    Posts

    Multiple changes make forecasting your business tax obligation more important than ever

    Recent law changes require a new look for your business. The One Big Beautiful Bill Act (OBBBA) introduces several changes...

    Tax-Free Tips and Overtime Tax Tip Occupations
    Posts

    Tip and overtime tax breaks require your attention

    Two significant tax changes, including the elimination of tax on tips and overtime, were introduced in the One Big Beautiful...

    Jump-Start Retirement and Essential Estate Planning Strategies for Tax-Beneficial Savings
    Posts

    Make your child a tax-free millionaire

    Want to give your child or grandchild a jump-start on their retirement? How does a million-dollar tax-free account sound? Here's...

    New Custodial Accounts for Kids and The Kiddie Tax - Child Credits for 2021 Gift Return for Parents
    Posts

    What the new tax bill means for parents

    The One Big Beautiful Bill Act of 2025 (OBBBA) includes several tax breaks for parents. Here's a summary of what's...

    research tax credit for small business payroll taxes and compliance for businesses
    Posts

    New tax law lightens compliance for small businesses

    The One Big Beautiful Bill Act of 2025 (OBBBA) expands several tax benefits for businesses while easing certain compliance obligations....

    New benefits for seniors
    Posts

    Personal exemptions gone plus $6,000 new deduction

    The recently passed One Big Beautiful Bill Act (OBBBA) addresses some tax law uncertainty and creates some benefits impacting your...

    Tax-Free Tips and Overtime Tax Tip Occupations
    Posts

    Tax-free tips are here

    The One Big Beautiful Bill Act (OBBBA) exempts tip income from taxation. But as with any new tax law, the...

    One Big Beautiful Bill Act
    Posts

    The One Big Beautiful Bill Act: What you need to know

    With the passage of the One Big Beautiful Bill Act (OBBBA), many temporary tax laws set to expire at the...

    New Custodial Accounts for Kids and The Kiddie Tax - Child Credits for 2021 Gift Return for Parents
    Posts

    Custodial accounts for kids: Understanding the trade-offs of this great teaching tool

    Many parents rely on piggy banks and birthday cash to teach children about money. But more are now turning to...

    Taxable or Not Taxable? Common Tax Questions
    Posts

    Common tax questions: What everyone is wondering

    Here are several of the most common tax questions and their answers. But like most things, there can be exceptions....

    How to Pay a Tax Bill With a Credit Card Payment Options
    Posts

    Understand the options and costs of paying a tax bill with a credit card

    Your tax bill has come and gone, with you still owing money because you're a little strapped for cash. Or...

    mutual fund tax surprises bring rejected tax returns via e-filing electronically filing information returns
    Posts

    Watch out for these tax surprises

    Our tax code contains plenty of opportunities to cut your taxes. There are also plenty of places in the tax...

    Tax Tips to Avoid Late Payment Penalties when Second or Fourth Quarter Estimated Taxes Due
    Posts

    Reminder: Now is the time to make your estimated tax payment

    If you have not already done so, now is the time to review your tax situation and make an estimated...

    taxes for seasonal workers
    Posts

    Seasonal jobs and taxes: What you need to know

    Summer jobs can be financially rewarding, but they can also come with tax consequences that are sometimes overlooked. Here are...

    Tax Opportunities When the Market Dips
    Posts

    When the market dips, tax opportunities rise

    With the current market uncertainty, the last thing on most taxpayers' minds is tax planning. However, amidst all these economic...

    Research charities
    Posts

    Researching charities to avoid fraud and help others

    Summer months are often the time of an increase in natural disasters, and hurricane season comes right after. You want...

    Why do I need to keep good records or hire a tax professional to file a business return
    Posts

    Keep great business records with these tips

    Your bookkeeping system is the financial heart and lifeblood of your business. When set up and operating properly, your books...

    Start using your tax refund and tips for marriage planning
    Posts

    Time to start your tax planning

    Now that April has come and gone, you could wait until January to think about taxes again—but that’s a bit...

    Avoid Amending for Audits of an IRS Tax Return Audit
    Posts

    Better to be surprised now than during an audit

    After filing a tax return, most of us are simply relieved another tax year is done. Before storing away your...

    Age and Taxes
    Posts

    Age does matter, when it comes to tax obligations

    One of the elements that makes our federal tax code so hard to follow is that different laws for taxes...

    Record Retention: Tips to Organize Your Tax Records
    Posts

    A guide to tax record retention

    After filing your tax return, do not close the book on your taxes until you have set up next year's...

    Tax Day Payments
    Posts

    It’s Tax Day! Don’t forget 1st quarter estimated payments

    Now is the time to pay your taxes and make your estimated tax payment. Both your individual tax return and...

    Why do I need a tax professional?
    Posts

    Why do I need a tax professional when I can buy tax prep software?

    You may wonder, "Why do I need a tax professional when I can buy tax prep software?" If you listen...

    How to Pay a Tax Bill With a Credit Card Payment Options
    Posts

    Tax bill payment options expand digitally: Understand the options and costs

    As payment alternatives continue to evolve in the economy, so do the payment options available to pay your tax bill....

    Tax Return Delayed
    Posts

    Those pesky delays: Here are some of the common causes

    Wondering why your tax return is not finished? The delay can often come from one or two items that were...

    estimated taxes for tax day
    Posts

    It’s tax time! Here are some last-minute details and tips

    With the individual tax-filing deadline on Tuesday, April 15th, if you have not already done so, now is the time...

    Tax Break for Elderly Caregiver(s) Maximize Deductions for Assisted Living
    Posts

    How to maximize deductions for assisted living

    Someone in your family may need assisted living care at some point. This care can be at an assisted living...

    Incorrect Tax Form
    Posts

    Help! My tax form is wrong!

    As the April 15th deadline quickly approaches, you may be scrambling to get your ducks in a row. However, you...

    Planning and Preparation for Protecting family estate while kids filing their own taxes
    Posts

    Tax uncertainty requires preparedness

    With several tax provisions set to expire at the end of this year, now is the time to evaluate your...

    Understanding the Tax Gap Projections Map Table
    Posts

    Understanding the tax gap: How voluntary tax compliance is measured

    As new rules and regulations introduce penalties for tax return errors, it's essential to recognize that the U.S. tax system...

    2024-2025 Calendar for Tax Return Information and Tips with first quarter estimates taxes
    Posts

    Tax return information that’s easy to miss

    Double-check this list of commonly overlooked information to ensure your tax return is filed quickly and without error. These little...

    IRS Workforce Changes
    Posts

    How recent IRS workforce changes may impact your tax filing

    Recent changes in the IRS workforce may affect how you file your tax return this year. Here’s what you need...

    Identity Theft
    Posts

    The new problem with IRS identity theft

    If you are a victim of tax identity theft, there is more bad news. In its most recent annual report...

    When to Start Tax Planning and Filing Your Taxes Early for Savings
    Posts

    Tax savings can be found in the elections you make

    Every year is an election year when it comes to making decisions on your annual income tax return. Here are...

    New Car Interest Log for standard business mileage tax deduction rates for 2024/2025
    Posts

    Does your mileage log travel the distance?

    The tax code allows deductions for qualified miles driven for business, medical, moving, and charitable purposes. But to claim this...

    Understanding property tax terms like basis and installment sale taxes
    Posts

    Understanding tax terms: Covering the bases on basis

    Basis is a standard IRS term that probably does not enter your everyday conversation. This IRS term is important because...

    correct your reporting online payment on 1099-Ks
    Posts

    Review and correct your 1099s now

    It's now February, and you realize the Form 1099 you received is in error. In fact, it overstates your income...

    What contemporaneous records do I need to keep? CPA preparations or compilations
    Posts

    Understanding tax terms: contemporaneous records

    If you have problems sleeping at night and turn to the IRS tax code for help, you might find some...

    IRS Letter for Penalty Relief Notices and Rebate Payments
    Posts

    IRS proactively issues one million rebate payments

    In late December, the IRS announced plans to issue automatic payments to eligible people who did not claim the Recovery...

    Maximize the Child and Dependent Care Credit to Deduct Summer Activity Expenses
    Posts

    Maximize the child and dependent care credit

    The Child and Dependent Care Credit reduces taxes to offset the cost of daycare when you are employed. The maximum...

    Record Retention: Tips to Organize Your Tax Records
    Posts

    It’s tax preparation time

    January officially launches the tax season. As those tax forms start coming in, here are some tips to help you...

    New Car Interest Log for standard business mileage tax deduction rates for 2024/2025
    Posts

    2025 mileage rates are here

    The new mileage rates for travel are now set for 2025. The standard business mileage rate increases by 3 cents...

    Tax Tips to Avoid Late Payment Penalties when Second or Fourth Quarter Estimated Taxes Due
    Posts

    Now is the time to make your estimated tax payment

    If you have not already done so, now is the time to review your taxes and make an estimated fourth-quarter...

    New Custodial Accounts for Kids and The Kiddie Tax - Child Credits for 2021 Gift Return for Parents
    Posts

    Leveraging kiddie tax rules

    The beginning of each year is a great time to start your tax planning. One area to help reduce your...

    Tax season scams
    Posts

    Tax season is scam season

    As a reminder, tax season is also the season for savvy criminals to initiate their scams. As you prepare to...

    protect your tax information from phishing scams
    Posts

    Gone phishing?

    Each year, the IRS publishes the top dozen tax scams it encounters over the prior year. Phishing makes an all-too-common...

    Common Tax Myth
    Posts

    Watch out for these tax myths

    Many myths about the IRS and the tax code have recently been amplified online. Here are common myths that could...

    tax tips for expenses in hiring family members in your small business
    Posts

    Tax planning for your business

    As 2024 winds down, here are some tax tips to help you prepare your business for filing your upcoming tax...

    Understanding Taxes 101: Prepare for Tax Day Season with year-end planning and reduction tips and techniques
    Posts

    Taxes: understanding the essentials

    Navigating the tax system can be challenging for everyone, whether you're an adult who hasn't paid much attention to paycheck...

    Changes to Tax Law Provisions for Businesses in 2025
    Posts

    The 2025 tax law uncertainty

    With the changes happening in Washington, D.C., there is now some uncertainty about what tax policies we may see in...

    Year-End Tax Savings Checklist
    Posts

    Great tax moves you can still make before the end of the year

    Conducting a year-end tax review of your financial situation can uncover opportunities to cut your tax bill or save you...

    avoid name mismatch audits
    Posts

    How to avoid name mismatch audits

    If you were married, divorced, or changed your name for any reason during the past year, you must change your...

    taxable income items reduction ideas
    Posts

    Is there a taxable income reduction idea you can use?

    Many tax experts talk about shifting your tax burden from one year to the next. While it may make sense...

    Taxable or Not Taxable? Common Tax Questions
    Posts

    What is taxable and not taxable?

    The tax code contains several areas that can confuse the taxability of money received. Some of these items may surprise...

    What Head of Household Means
    Posts

    Understanding tax terms: Head of household

    One of the most misinterpreted tax terms in the U.S. tax code is "head of household," so we're here to...

    What contemporaneous records do I need to keep? CPA preparations or compilations
    Posts

    What records do I need to keep?

    Everyone must keep records that substantiate their tax returns or other important life events for as long as necessary. So,...

    When to Start Tax Planning and Filing Your Taxes Early for Savings
    Posts

    A dozen tax planning triggers

    If you're wondering when a good time to start tax planning is, it's now. Tax planning season has begun! Those...

    Understanding tax terms for wash sales
    Posts

    Surprise! Your stock loss is not deductible

    You may be considering booking stock losses due to recent market drops. Selling can be a great strategy when these...

    Maximize the Child and Dependent Care Credit to Deduct Summer Activity Expenses
    Posts

    An option to deduct summer activity expenses

    The kids are out of school. So, now is a great time to review the rules to deduct eligible summer...

    Changes to Tax Law Provisions for Businesses in 2025
    Posts

    Take advantage before tax changes occur

    Unless Congress takes action, a number of temporary tax laws are going to expire at the end of 2025. This...

    The Homeowner Tax Break to reduce your bills, property taxes, and real estate probate costs or apply risk of depreciation recapture rules on home sale
    Posts

    This large gain exclusion creates a tax risk

    One of the more popular provisions in the tax code is the $250,000 capital gain exclusion ($500,000 for a married...

    What to Know about Your Status of IRS Tax Refund Deadline
    Posts

    Anticipating your refund? What you should know

    If you e-file your tax return, you can generally expect to receive your refund within three weeks of the IRS...

    What does the IRS know about me? Revenue officer notices and visits from tax return filing requirements
    Posts

    IRS notices creating alarm: Here is what to know

    Beginning in April, several IRS notices began hitting mailboxes. Unfortunately, the notices are coming in cold, as the IRS is...

    Changes to Tax Law Provisions for Businesses in 2025
    Posts

    President Biden’s proposed budget highlights his tax agenda – part two

    In his proposed budget for fiscal year 2025, President Biden has included several tax provisions. These will impact individuals, families,...

    What to Know about Your Status of IRS Tax Refund Deadline
    Posts

    Oh no! Your tax refund is now a bill

    Many taxpayers start preparing their tax returns, hoping to receive a sizable refund, only to find out that their actual...

    New Tax Rules for Homeowners
    Posts

    New tax rules are creating confusion for homeowners

    Because of many home-related tax changes over the years, it can easily confuse taxpayers on what, when, and how much...

    The Paycheck Tax Tip
    Posts

    A great place to lower your taxes: your paycheck

    Here is a tip: the tax code has plenty of ways to reduce your taxable income, and many take place...

    proof of check payment
    Posts

    No check! Where’s your proof?

    Preparing to file your tax return is a great time to ensure you have proper documentation to substantiate your tax...

    The Homeowner Tax Break to reduce your bills, property taxes, and real estate probate costs or apply risk of depreciation recapture rules on home sale
    Posts

    The $500,000 homeowner tax break

    A large tax break allows a homeowner to exclude up to $250,000 ($500,000 married) in capital gains on the sale...

    Business Year-End Tax Planning to Avoid Common Missing Items When Filing in 2025
    Posts

    Review these common causes of filing delays

    Double-check this list of common missing items that often cause delays when filing your tax return and receiving your much-anticipated...

    taxable income items reduction ideas
    Posts

    Six surprising taxable items

    If something of value changes hands, you can bet the IRS will consider a way to tax it. Here are...

    When to Start Tax Planning and Filing Your Taxes Early for Savings
    Posts

    When it makes sense to file a tax return as soon as you can

    The 2024 tax season for 2023 tax returns is now officially underway. Here are several reasons to consider filing your...

    Identity Theft
    Posts

    IRS identity theft season begins now

    Thieves try to steal billions in federal withholdings each year by stealing your identity. As the IRS focuses more attention...

    2024-2025 Calendar for Tax Return Information and Tips with first quarter estimates taxes
    Posts

    2024 tax calendar

    To help you make sure you don’t miss any important 2024 deadlines, we’ve provided this calendar of when various tax-related...

    mutual fund tax surprises bring rejected tax returns via e-filing electronically filing information returns
    Posts

    There’s a new threshold for electronically filing information returns

    Does your company submit ten or more information returns to the IRS? If so, then you need to submit them...

    New Car Interest Log for standard business mileage tax deduction rates for 2024/2025
    Posts

    New mileage rates for 2024 announced by the IRS

    Mileage rates for travel are now in place for 2024. The standard business mileage rate increases by 1.5 to 67...

    Tax Tips to Avoid Late Payment Penalties when Second or Fourth Quarter Estimated Taxes Due
    Posts

    Great tax tips to start the New Year

    The old year is out, and the new one is in. Here are some tax tips to start 2024 with...

    Avoid Amending for Audits of an IRS Tax Return Audit
    Posts

    Best way to avoid an IRS audit: preparation

    An IRS audit is no fun. Some taxpayers must undergo random audits every year, but the chances of that happening...

    1 2 3 »

    Copy Link

    Copy

    Thank You

    We'll get back to you shortly

    Back to Homepage

    Client Portal

    Make a Payment
    Sharefile Login
    Client Axcess™
    Superior Payroll
    RRBB White Logo

    Quick Links

    • About
    • Blogs
    • News
    • Events
    • Resources
    • Careers
    • Our Team
    • Testimonials
    • Make a Payment
    • Contact Us
    • Privacy Policy

    Services

    • Audit + Assurance
    • Business Tax Planning + Preparation
    • Client Accounting + Advisory Services
    • Estate + Trust Tax
    • Individual Tax Planning + Preparation
    • International Tax
    • IRS Representation + Tax Problem Resolution
    • Mergers + Acquisitions
    • SEC + Public Company Services
    • Superior Payroll
    • Valuation + Litigation Support

    Locations

    265 Davidson Avenue, Suite 210

    Somerset, NJ 08873

    p: (908) 231-1000 f: (908) 231-6894

    1030 Salem Road

    Union, NJ 07083

    p: (908) 352-9797 f: (908) 351-4520

    462 Seventh Avenue, 23rd Floor

    New York City, NY 10018

    p: (212) 714-0462 f: (212) 714-0460

    67 Walnut Avenue, Suite 203

    Clark, NJ 07066

    p: (848) 467-3990 f: (848) 467-3980

    2032 Washington Valley Road

    Martinsville, NJ 08836

    p: (732) 469-4202 f: (732) 469-6291

    1989 Washington Valley Road

    Martinsville, NJ 08836

    2107 Route 34, Suite 201

    Wall, NJ 07719

    Fred Allen

    "An income tax form is like a laundry list - either way you lose your shirt."

    - Fred Allen

    Albert Einstein

    "The hardest thing in the world to understand is the income tax."

    - Albert Einstein

    Will Rogers

    "The difference between death and taxes is death doesn’t get worse every time Congress meets."

    - Will Rogers

    Copyright © 2026 RRBB, all rights reserved.

    “RRBB,” an independent member of the Crete Professionals Alliance, is the brand name under which Rosenberg Rich Baker Berman, P.A. and RRBB Advisors, LLC (including subsidiary entities) provide professional services. Rosenberg Rich Baker Berman, P.A. and RRBB Advisors, LLC (and its subsidiary entities) practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable laws, regulations, and professional standards. Rosenberg Rich Baker Berman, P.A. is a licensed independent CPA firm that provides attest services to its clients, and RRBB Advisors, LLC (and its subsidiary entities) provide tax and business consulting services to their clients. RRBB Advisors, LLC (including subsidiary entities) and Crete Professionals Alliance are not licensed CPA firms. The entities falling under the RRBB brand are independently owned and are not liable for the services provided by any other entity providing the services under the RRBB brand. Our use of the terms “our firm” and “we” and “us” and terms of similar import, denote the alternative practice structure conducted by Rosenberg Rich Baker Berman, P.A. and RRBB Advisors, LLC.

    Any U.S. federal tax advice contained on this website is not intended or written to be, and cannot be used by any taxpayer, for the purpose of (i) avoiding U.S. tax penalties or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein. The information provided here is broad in nature and is not meant to address the specific circumstances of any one person or organization. Despite our best efforts to deliver accurate and timely information, there can be no assurance that it is accurate as of the date of receipt or that it will remain accurate going forward. Without seeking the proper professional advice and conducting a full analysis of the specific circumstances, no one should act on this information.

    RRBB is a member of PrimeGlobal, a global association of Independent firms.