The Haefele Flanagan Newsletter May 2018

***2nd Quarter Estimates Due June 15th*** Second Quarter Federal, State, and/or Local Estimates are due on June 15, 2018. Remember to make your payments to the appropriate tax authorities.

IRS to Propose Rules on Transfers Made to Avoid New Limit on SALT Deductions The IR S has announced that it intends to issue proposed regulations regarding the federal tax treatment of payments made by individuals to funds controlled by state and local governments in exchange for credit against state and local taxes (SALT).   >>Read More...

Paid Sick Leave Now the Law in New Jersey New Jersey has now become the tenth state to enact a statewide mandatory paid-sick-leave law.     >>Read More...

IRS Warns of Variation of Form W-8BEN scam The Internal Revenue Service warn ed of a new twist tied to an old scam aimed at international taxpayers and non-resident aliens.   >>Read More...

Monthly Survey

Who will win the 2018 NBA Finals? Cleveland Cavaliers Select Golden State Warriors Select

Haefele Flanagan...Here & There Bridget Fee attended the Association for Accounting Marketing Summit in Portland, OR. Congratulations to Co-Op Matt Georgetti who graduated from Rowan University. Matt will be joining the firm full-time as a Staff Accountant. Farewell to Administrative Assistant Jenna Thomasson who is leaving the firm and moving to Tennessee next month. We'll miss you Jenna!

Published by Haefele Flanagan Copyright © 2018 Haefele, Flanagan & Co., p.c.. All rights reserved. IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the Internal Revenue Service, we inform you that any tax advice contained in this communication (including any attachments) was not intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax related penalties or (ii) promoting, marketing or recommending to another party any tax-related matters addressed in this communication. Confidentiality Notice: This Email and any files transmitted with it are intended only for the use of the addressee and may contain information that is legally privileged and confidential. It is solely for use by the individual for whom it is intended, even if addressed incorrectly. If you are not the intended recipient, you are hereby notified that any dissemination of this communication is strictly prohibited and are asked to please notify the sender and delete it from your system. Thank you for your compliance.

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